Indiana Statutes

§ 27-7-9-10 — Premiums

Indiana § 27-7-9-10
JurisdictionIndiana
Title 27INSURANCE
Art. 7SPECIAL TYPES OF INSURANCE
Ch. 9Mine Subsidence Insurance

This text of Indiana § 27-7-9-10 (Premiums) 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 § 27-7-9-10 (2026).

Text

(a)Premiums for mine subsidence insurance under this chapter shall be established by the commissioner, who shall review at least annually the premium level and the experience data concerning operation of the fund and make changes in the premiums as required.
(b)Premiums shall be established at a rate or within a schedule of rates sufficient to:
(1)satisfy all foreseeable claims on the mine subsidence insurance fund during the period of coverage, giving due consideration to relevant loss or claims experience or trends;
(2)cover normal costs of operation of the mine subsidence insurance fund; and
(3)provide a reasonable reserve fund for unexpected contingencies.
(c)Deviations from the premium level or premiums set by the commissioner may not be allowed.

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

As added by P.L.164-1986, SEC.1.

Nearby Sections

15
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
Indiana § 27-7-9-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-7-9-10.