§ 27-6-8-3 — Scope

Indiana § 27-6-8-3

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 6: REINSURANCE; INTERINSURANCE
• Ch. 8: Property and Casualty Insurance and Guaranty

Text

This chapter applies to all kinds of direct
insurance except:
(1) life, annuity, health, or disability insurance;
(2) mortgage guaranty, financial guaranty, or other forms of
insurance offering protection against investment risks;
(3) fidelity or surety bonds, or any other bonding obligations;
(4) credit insurance, vendors' single interest insurance, or
collateral protection insurance or similar insurance with the
primary purpose of protecting the interests of a creditor arising
out of a creditor-debtor transaction;
(5) warranty or service contract insurance;
(6) title insurance;
(7) ocean marine insurance;
(8) a transaction between a person or an affiliate of a person and
an insurer or an affiliate of an insurer that involves the transfer of
investment or credit risk without a transfer of insurance risk;
(9) insurance provided by or guaranteed by a government entity;
and
(10) insurance written on a retroactive basis to cover known
losses for which a claim has already been made and the claim is
known to the insurer at the time the insurance is bound.
Formerly: Acts 1971, P.L.390, SEC.1. As amended by
P.L.163-1988, SEC.1; P.L.31-1988, SEC.20.