Indiana § 27-9-3.1-1 "Actual direct compensatory damages"

Indiana Statutes

§ 27-9-3.1-1 — "Actual direct compensatory damages"

Indiana § 27-9-3.1-1

Title 27INSURANCE

Art. 9SUPERVISION; REHABILITATION;

Ch. 3.1Treatment of Certain Agreements

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Bluebook

Ind. Code § 27-9-3.1-1 (2026).

Text

(a)As used in this chapter, "actual direct compensatory damages" includes:

(1)normal and reasonable costs of cover; and

(2)other reasonable measures of damages used in the derivatives market, the securities market, or another market for contract claims.

(b)The term does not include:

(1)punitive or exemplary damages;

(2)damages for lost profit or lost opportunity; or

(3)damages for pain and suffering.

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(a) As used in this chapter, "actual direct
compensatory damages" includes:
(1) normal and reasonable costs of cover; and
(2) other reasonable measures of damages used in the derivatives
market, the securities market, or another market for contract
claims.
(b) The term does not include:
(1) punitive or exemplary damages;
(2) damages for lost profit or lost opportunity; or
(3) damages for pain and suffering.