Indiana § 27-5.1-2-33 Policyholder liability after policy termination

Indiana Statutes

§ 27-5.1-2-33 — Policyholder liability after policy termination

Indiana § 27-5.1-2-33

Title 27INSURANCE

Art. 5.1FARM MUTUAL INSURANCE COMPANIES

This text of Indiana § 27-5.1-2-33 (Policyholder liability after policy termination) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-5.1-2-33 (2026).

Text

(a)A policyholder is not liable for an assessment of losses or expenses that are incurred by a farm mutual insurance company after the policyholder has terminated the policyholder's insurance policy.

(b)A former policyholder is not liable for an assessment for obligations incurred by a farm mutual insurance company before the policyholder terminated the insurance policy on which the assessment is made unless the farm mutual insurance company gives the former policyholder notice of the assessment less than one (1) year after the date of termination of the insurance policy.

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(a) A policyholder is not liable for an
assessment of losses or expenses that are incurred by a farm mutual
insurance company after the policyholder has terminated the
policyholder's insurance policy.
(b) A former policyholder is not liable for an assessment for
obligations incurred by a farm mutual insurance company before the
policyholder terminated the insurance policy on which the assessment
is made unless the farm mutual insurance company gives the former
policyholder notice of the assessment less than one (1) year after the
date of termination of the insurance policy.