Sec. 102. (1) Except as provided in subsection (2), this chapter applies to insurance provided or to be provided in relation to a consumer credit sale (IC 24-4.5-1-301.5(8)), a consumer lease (IC 24-4.5-2-106), or a consumer loan (IC 24-4.5-1-301.5(9)).
(2) The provision on cancellation by a creditor (IC 24-4.5-4-304) applies to loans the primary purpose of which is the financing of insurance. No other provision of this chapter applies to insurance so financed.
(3) This chapter supplements and does not repeal IC 27-8-4 (the credit insurance act). The provisions of this article concerning administrative controls, liabilities, and penalties do not apply to persons acting as insurers, and the similar provisions of IC 27-8-4 do not apply to creditors and debtors.
Formerly: Acts 1971, P.L.366, SEC.5. As amended by P.L.153-1986, SEC.1; P.L.35-2010, SEC.61.
Structure Indiana Code
Article 4.5. Uniform Consumer Credit Code
24-4.5-4-102. Application; Relation to Credit Insurance Act
24-4.5-4-103. "Consumer Credit Insurance" Defined
24-4.5-4-104. Creditor's Provisions of and Charge for Insurance; Excess Amount of Charge
24-4.5-4-105. Conditions Applying to Insurance to Be Provided by Creditor
24-4.5-4-106. Unconscionability
24-4.5-4-107. Maximum Charge by Creditor for Insurance; Methods for Calculating Charge
24-4.5-4-109. Existing Insurance; Choice of Insurer
24-4.5-4-111. Cooperation Between Administrator and Insurance Commissioner
24-4.5-4-112. Administrative Action of Commissioner of Insurance
24-4.5-4-201. Term of Insurance
24-4.5-4-202. Amount of Insurance
24-4.5-4-203. Filing and Approval of Rates and Forms
24-4.5-4-301. Property Insurance
24-4.5-4-302. Insurance on Creditor's Interest Only
24-4.5-4-303. Liability Insurance
24-4.5-4-304. Cancellation by Creditor
24-4.5-4-305. Refund of Unearned Premium for Property Insurance Upon Payment of Loan