§ 27-2-28-8 — Written notice by insurer of material change

(a) An insurer that makes a material change to
an insured's personal automobile or homeowner's policy shall provide
a written notice to the insured that:
(1) explains the principal factors for the material change; or
(2) states that the insured has a right to request and obtain an
explanation of the principal factors for the material change.
(b) An insured who receives a notice of a material change described
in subsection (a)(2) may submit to the insurer a written request for an
explanation of the principal factors for the material change.
(c) Upon receiving a request for an explanation under subsection
(b), the insurer shall provide written notice to the insured explaining
the principal factors for the material change.
(d) An insurer shall provide a copy of a written notice provided
under subsection (a)(1) or (c):
(1) to the insurance producer, if any, who:
(A) represented:
(i) the insured in obtaining coverage from the insurer; or
(ii) the insurer in regard to the providing of coverage to the
insured; and
(B) is not an employee, an exclusive agent, or a captive agent
of the insurer; and
(2) to the insurer's reporting portal for agent communications.
(e) A written notice provided under subsection (a) or (c), or a
written request submitted under subsection (b), must be provided by:
(1) first class mail; or
(2) electronic delivery as set forth in IC 27-1-43.

Legislative History

As added by P.L.226-2023, SEC.20.