Ind. Code § 27-5.1-3-2
Powers; kinds of insurance coverage
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-5.1-3-2, Powers; kinds of insurance coverage, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663302
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Full text
Sec. 2. A standard company that is issued a certificate of authority under this article may:
(1) perform the business of insurance on:
(A) an assessable;
(B) a mutual; and
(C) a nonprofit;
basis;
(2) insure the property of policyholders of the standard company against loss or damage that is caused by:
(A) fire;
(B) windstorm;
(C) causes specified under an extended coverage provision; and
(D) other perils that are not specifically excluded in the policy form; and
(3) insure the property of policyholders of the standard company against:
(A) loss of use;
(B) loss of occupancy;
(C) loss of rents; and
(D) additional expenses;
that result from direct loss or damage to covered property.