Indiana § 27-1-15.9-12 Written materials; content

Indiana Statutes

§ 27-1-15.9-12 — Written materials; content

Indiana § 27-1-15.9-12

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 15.9Portable Electronics Insurance

This text of Indiana § 27-1-15.9-12 (Written materials; content) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-15.9-12 (2026).

Text

(a)A vendor shall, at each location where portable electronics insurance is sold, solicited, or negotiated, make available to customers written materials concerning the portable electronics insurance.

(b)The written materials available under subsection (a) must do all the following:

(1)Disclose that portable electronics insurance may duplicate coverage already provided under a customer's homeowner's insurance policy, renter's insurance policy, or other coverage.

(2)State that the customer may purchase or lease portable electronics regardless of whether the customer also purchases portable electronics insurance.

(3)Summarize the material terms of each portable electronics insurance policy under which insurance is available from the vendor, including all the following:

(A)The identity

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(a) A vendor shall, at each location where
portable electronics insurance is sold, solicited, or negotiated, make
available to customers written materials concerning the portable
electronics insurance.
(b) The written materials available under subsection (a) must do all
the following:
(1) Disclose that portable electronics insurance may duplicate
coverage already provided under a customer's homeowner's
insurance policy, renter's insurance policy, or other coverage.
(2) State that the customer may purchase or lease portable
electronics regardless of whether the customer also purchases
portable electronics insurance.
(3) Summarize the material terms of each portable electronics
insurance policy under which insurance is available from the
vendor, including all the following:
(A) The identity of the insurer that issues the portable
electronics insurance policy.
(B) The identity of any supervising entity.
(C) The amount of any applicable deductible and the manner by
which the deductible is paid.
(D) The benefits of the portable electronics insurance.
(E) The key terms and conditions, including whether portable
electronics may be repaired or replaced with:
(i) reconditioned; or
(ii) nonoriginal;
manufacturer equipment of a make or model that is similar to
the portable electronics.
(4) Summarize the process for filing a claim, including:
(A) a description of the manner by which to return portable
electronics; and
(B) the maximum fee applicable if the customer fails to comply
with any applicable equipment return requirement.
(5) State that an insured customer may cancel the portable
electronics insurance at any time and the person who pays the
premium will receive a refund of unearned premium.