§ 27-2-24-5 — "Innocent coinsured"

Indiana § 27-2-24-5

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 2: POWERS AND DUTIES OF INSURERS
• Ch. 24: Coverage With Innocent Coinsured

Text

As used in this chapter, "innocent coinsured"
means an individual who:
(1) is insured under a policy of property or casualty insurance;
(2) did not have knowledge of, cooperate in, or intentionally
contribute to a property loss that was caused or arranged by
another individual who:
(A) is also insured under the policy of property or casualty
insurance; and
(B) either:
(i) died; or
(ii) has been charged with a crime based on a court finding
that there is probable cause to believe that the individual
committed the crime;
in connection with the circumstances that caused the property
loss;
(3) signs a sworn affidavit attesting that the individual did not
have knowledge of, cooperate in, or intentionally contribute to the
property loss; and
(4) cooperates in:
(A) the investigation and resolution of the claim for the
property loss;
(B) any police investigation related to the property loss; and
(C) any criminal prosecution of the individual that caused or
arranged the property loss.

Legislative History

As added by P.L.148-2017, SEC.8.