Indiana Statutes

§ 27-2-15-8 — Satisfaction of contractual liability

Indiana·Title 27 INSURANCE·Art. 2 POWERS AND DUTIES OF INSURERS·Ch. 15 Available Insurance Proceeds Set Aside
Insurance proceeds set aside in an escrow account under section 5 of this chapter shall be considered as having been paid to the insured in satisfaction of any contractual liability under the policy.

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Legislative History

As added by P.L.247-1989, SEC.2.

Nearby Sections

15
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