Ind. Code § 27-2-15-4.5
Notice to enforcement authority of existence of policy
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-2-15-4.5, Notice to enforcement authority of existence of policy, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1662906
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Full text
Sec. 4.5.
(a) An insurer that:
(1) issued an insurance policy that:
(A) covers a building or other structure that is:
(i) located in a municipality governed by this chapter; and
(ii) damaged by a fire or explosion; and
(B) is in effect at the time that the fire or explosion occurs; and
(2) receives notice of a claim for the damage by the named insured;
shall, not more than fifteen (15) days after a final settlement is reached, notify the enforcement authority of the municipality about the existence of the policy.
(b) The notice to an enforcement authority required by subsection (a) must:
(1) be in writing;
(2) identify the insurer and state the insurer's address; and
(3) identify the building or structure and state the location of the building or structure.
(c) The commissioner may take action under IC 27-1-3-10 and IC 27-1-3-19 against an insurer that violates this section.