Indiana § 27-5.1-4-3 Kinds of insurance coverage

Indiana Statutes

§ 27-5.1-4-3 — Kinds of insurance coverage

Indiana § 27-5.1-4-3

Title 27INSURANCE

Art. 5.1FARM MUTUAL INSURANCE COMPANIES

Ch. 4Extended Farm Mutual Insurance Companies

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Bluebook

Ind. Code § 27-5.1-4-3 (2026).

Text

An extended company may:

(1)insure the property of policyholders of the extended company against loss or damage that is caused by:

(A)fire;

(B)windstorm;

(C)causes specified under an extended coverage provision; and

(D)other perils that are specified in the policy form;

(2)insure the property of policyholders of the extended company against:

(A)loss of use;

(B)loss of occupancy;

(C)loss of rents; and

(D)additional expenses; that result from direct loss or damage to covered property; and

(3)provide other kinds of insurance that are approved by the commissioner.

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An extended company may:
(1) insure the property of policyholders of the extended company
against loss or damage that is caused by:
(A) fire;
(B) windstorm;
(C) causes specified under an extended coverage provision; and
(D) other perils that are specified in the policy form;
(2) insure the property of policyholders of the extended company
against:
(A) loss of use;
(B) loss of occupancy;
(C) loss of rents; and
(D) additional expenses;
that result from direct loss or damage to covered property; and
(3) provide other kinds of insurance that are approved by the
commissioner.