§ 27-7-6-3 — "Renewal" or "to renew" defined

Indiana § 27-7-6-3

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 7: SPECIAL TYPES OF INSURANCE
• Ch. 6: Cancellation of Automobile Insurance Policies

Text

"Renewal" or "to renew" means the issuance and
delivery by an insurer of a policy replacing at the end of the policy
period a policy previously issued and delivered by the same insurer
insuring the same insured, or the issuance and delivery of a certificate
or notice extending the term of a policy beyond its policy period or
term; provided, however, that any policy with a policy period or term
of six (6) months or less and any policy with no fixed expiration date
shall for the purposes of this chapter be considered as if written for a
policy period or term of six (6) months; and provided further, that any
policy written for a term longer than one (1) year shall for the purposes
of this chapter be considered as if written for successive policy periods
or terms of one (1) year, and such policy may be terminated by the
insurer at the expiration of any annual period upon giving twenty (20)
days notice of cancellation prior to such anniversary date, and such
cancellation shall not be subject to any other provisions of this chapter.
Formerly: Acts 1969, c.332, s.3. As amended by P.L.252-1985,
SEC.265.