§ 27-1-22-25 — Motor vehicle insurance; rating plan establishing higher rates for bankruptcy petitioners; violations

Indiana § 27-1-22-25

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

Text

(a) This section only applies to a
policyholder or an applicant who is an individual.
(b) As used in this section, "motor vehicle insurance" means any
type of insurance described in IC 27-1-5-1, Class 2(f).
(c) A motor vehicle insurance rating plan filed under section 4 of
this chapter may not establish a higher rate for a policyholder based on
the fact that the policyholder has filed a voluntary petition under the
federal bankruptcy law (11 U.S.C. 101 et seq.).
(d) The premium rate for an individual policy of motor vehicle
insurance may not be set higher than the applicable rate set forth in the
rating plan in effect under this chapter based on the fact that the
policyholder or applicant has filed a voluntary petition under the
federal bankruptcy law.
(e) The violation of this section is an unfair and deceptive act or
practice in the business of insurance under IC 27-4-1-4.

Legislative History

As added by P.L.122-1992, SEC.1.