Ind. Code § 27-1-12.3-3
Variable interest rate loans; duties of insurer
Indiana · Indiana Code Title 27 — Insurance · Status: effective
Cite this
- Citation
- Ind. Code § 27-1-12.3-3, Variable interest rate loans; duties of insurer, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661706
- Permanent ID
ys:prov:1661706@1- SHA-256
de86e0fbead0995d9a4fede4f146f6915a57e18124af262346d0b900cd090b75
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 3. With respect to variable interest rate loans under section 2 of this chapter, the insurer shall:
(1) notify the policyholder at the time a cash loan is made of the initial rate of interest on the loan;
(2) notify the policyholder as soon as is reasonably practical after a premium loan is made of the initial rate of interest on the loan, except that notice need not be given the policyholder when a further premium loan is added other than the notice required by subdivision (3) of this section;
(3) send to the policyholder reasonable advance notice of any increase in the loan interest rate; and
(4) include in the notices required by this section, whether the rate is fixed or variable and, if variable, the permitted frequency of change.