Ind. Code § 27-9-3.1-1
"Actual direct compensatory damages"
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-9-3.1-1, "Actual direct compensatory damages", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1664562
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Full text
Sec. 1.
(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.