Indiana § 27-8-4-9.5 Debtor's right to cancel policy; required provisions in application form;
time limit

Indiana Statutes

§ 27-8-4-9.5 — Debtor's right to cancel policy; required provisions in application form; time limit

Indiana § 27-8-4-9.5

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 4Credit Life and Credit Accident and Health Insurance

This text of Indiana § 27-8-4-9.5 (Debtor's right to cancel policy; required provisions in application form; time limit) 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 § 27-8-4-9.5 (2026).

Text

5.

(a)An individual or group policy of credit life insurance or credit accident and health insurance may not be delivered or issued for delivery in Indiana unless the application or authorized form:

(1)provides the debtor with a right to cancel the policy not more than fourteen (14) days after the policy is issued; and

(2)informs the debtor of the right to cancel in plain and conspicuous language.

(b)The language informing the debtor of the right to cancel under subsection (a)(2) must explain the way in which the debtor may cancel the policy and, if applicable, the address to which the debtor may mail the notice of cancellation.

(c)After the debtor cancels a policy under a provision required by subsection (a), the insurer or creditor shall return to the debtor the premium paid by the

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5. (a) An individual or group policy of credit
life insurance or credit accident and health insurance may not be
delivered or issued for delivery in Indiana unless the application or
authorized form:
(1) provides the debtor with a right to cancel the policy not more
than fourteen (14) days after the policy is issued; and
(2) informs the debtor of the right to cancel in plain and
conspicuous language.
(b) The language informing the debtor of the right to cancel under
subsection (a)(2) must explain the way in which the debtor may cancel
the policy and, if applicable, the address to which the debtor may mail
the notice of cancellation.
(c) After the debtor cancels a policy under a provision required by
subsection (a), the insurer or creditor shall return to the debtor the
premium paid by the debtor.