Indiana § 27-7-9-15 Recourse against insurer or policyholder; fraud or policy violations

Indiana Statutes

§ 27-7-9-15 — Recourse against insurer or policyholder; fraud or policy violations

Indiana·Title 27 INSURANCE·Art. 7 SPECIAL TYPES OF INSURANCE·Ch. 9 Mine Subsidence Insurance

(a)Except in case of fraud by an insurer, the commissioner has no right of recourse against an insurer. An insurer may settle losses under this chapter in the customary manner.

(b)The commissioner may require an insurer to attempt to recover from a policyholder for amounts paid to the policyholder if, in the judgment of the commissioner, the policyholder was not entitled to the amounts paid because of fraud or violation of the policy conditions. The cost of a recovery attempt under this subsection shall be borne equally by the insurer and the commissioner.

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(a) Except in case of fraud by an insurer, the
commissioner has no right of recourse against an insurer. An insurer
may settle losses under this chapter in the customary manner.
(b) The commissioner may require an insurer to attempt to recover
from a policyholder for amounts paid to the policyholder if, in the
judgment of the commissioner, the policyholder was not entitled to the
amounts paid because of fraud or violation of the policy conditions.
The cost of a recovery attempt under this subsection shall be borne
equally by the insurer and the commissioner.

Indiana § 27-7-9-15 (Recourse against insurer or policyholder; fraud or policy violations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.