§ 27-1-22-2 — Application of act; exceptions; "inland marine insurance"

Indiana § 27-1-22-2

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 22: Regulation of Insurance Rates

Text

(a) This chapter applies to all forms of casualty
insurance including fidelity, surety, and guaranty bonds, to all forms of
motor vehicle insurance, to all forms of fire, marine, and inland marine
insurance, to all forms of title insurance, and to any and all
combinations of the foregoing or parts thereof, on risks or operations
in this state, except:
(1) reinsurance, other than joint reinsurance to the extent stated
in section 14 of this chapter;
(2) accident and health insurance;
(3) insurance of vessels or craft, their cargoes, marine builders'
risks, marine protection and indemnity, or other risks commonly
insured under marine, as distinguished from inland marine,
insurance policies;
(4) insurance against loss or damage to aircraft or against liability
arising out of the ownership, maintenance, or use of aircraft; and
(5) worker's compensation insurance.
(b) Inland marine insurance includes insurance defined by statute,
or by interpretation of statute, or if not so defined or interpreted, by
ruling of the commissioner of insurance (referred to as the
commissioner), or as established by general custom of the business, as
inland marine insurance.
Formerly: Acts 1967, c.133, s.2. As amended by P.L.252-1985,
SEC.105; P.L.28-1988, SEC.79; P.L.129-2003, SEC.5; P.L.80-2013,
SEC.1.