Indiana § 27-8-4-11 Debtor's choice of insurer; use of existing policies

Indiana Statutes

§ 27-8-4-11 — Debtor's choice of insurer; use of existing policies

Indiana § 27-8-4-11

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 4Credit Life and Credit Accident and Health Insurance

This text of Indiana § 27-8-4-11 (Debtor's choice of insurer; use of existing policies) 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 § 27-8-4-11 (2026).

Text

When life insurance or accident and health
insurance is required as additional security for any indebtedness, the
debtor shall have the option of furnishing the required amount of
insurance through existing policies of insurance owned or controlled
by him or of procuring and furnishing the required coverage through
any insurer authorized to transact an insurance business within this
state. As used in this section, "life insurance" and "accident and health
insurance" includes any form and any amount of life insurance or
accident and health insurance that affords security to the creditor for
the indebtedness involved.
Formerly: Acts 1961, c.47, s.11.

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

When life insurance or accident and health
insurance is required as additional security for any indebtedness, the
debtor shall have the option of furnishing the required amount of
insurance through existing policies of insurance owned or controlled
by him or of procuring and furnishing the required coverage through
any insurer authorized to transact an insurance business within this
state. As used in this section, "life insurance" and "accident and health
insurance" includes any form and any amount of life insurance or
accident and health insurance that affords security to the creditor for
the indebtedness involved.
Formerly: Acts 1961, c.47, s.11.