Indiana § 27-8-4-3 Forms of insurance

Indiana Statutes

§ 27-8-4-3 — Forms of insurance

Indiana § 27-8-4-3

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 4Credit Life and Credit Accident and Health Insurance

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Bluebook

Ind. Code § 27-8-4-3 (2026).

Text

Credit life insurance and credit accident and health insurance shall be issued only in the following forms:

A.Individual policies of life insurance issued to debtors on the term plan;

B.Individual policies of accident and health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

C.Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

D.Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage. Formerly: Acts 1961, c.47, s.3.

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Credit life insurance and credit accident and
health insurance shall be issued only in the following forms:
A. Individual policies of life insurance issued to debtors on the term
plan;
B. Individual policies of accident and health insurance issued to
debtors on a term plan or disability benefit provisions in individual
policies of credit life insurance;
C. Group policies of life insurance issued to creditors providing
insurance upon the lives of debtors on the term plan;
D. Group policies of accident and health insurance issued to
creditors on a term plan insuring debtors or disability benefit provisions
in group credit life insurance policies to provide such coverage.
Formerly: Acts 1961, c.47, s.3.