Indiana Code
Chapter 13. Casualty, Fire, and Marine Insurance Company Powers and Policy Requirements
27-1-13-7.5. Newly Acquired Motor Vehicle; Required Coverage

Sec. 7.5. (a) As used in this section, "motor vehicle insurance" means any type of insurance described in IC 27-1-5-1, Class 2(f).
(b) As used in this section, "newly acquired motor vehicle" means one (1) of the following types of vehicles of which an individual who is insured under a personal lines motor vehicle insurance policy becomes the owner during the policy period:
(1) A private passenger motor vehicle.
(2) A pickup truck or van for which no other insurance policy provides coverage.
(c) If the insured notifies the insurer of the newly acquired motor vehicle within the periods specified in subdivisions (1) and (2), an insurer that issues a motor vehicle insurance policy shall provide at least:
(1) fourteen (14) days of liability coverage; and
(2) if the motor vehicle insurance policy provides physical damage coverage, four (4) days of physical damage coverage that is subject to a deductible of not more than five hundred dollars ($500);
for a newly acquired motor vehicle under the motor vehicle insurance policy, effective on the date the insured becomes the owner.
As added by P.L.276-2013, SEC.11.

Structure Indiana Code

Indiana Code

Title 27. Insurance

Article 1. Department of Insurance

Chapter 13. Casualty, Fire, and Marine Insurance Company Powers and Policy Requirements

27-1-13-0.1. Application of Certain Amendments to Chapter

27-1-13-1. Particular Rights, Privileges, and Powers of Casualty, Fire, or Marine Insurers; Exceptions

27-1-13-2. Repealed

27-1-13-3. Investment of Capital and Funds Above Capital; Real Estate Interests

27-1-13-3.5. Intangible Assets Attributable to Investment in Subsidiary; Amount as Percentage of Capital and Surplus

27-1-13-4. Valuation of Bonds and Securities

27-1-13-5. Insured Loans and Investments

27-1-13-6. Limitation on Risks; Effect of Reinsurance

27-1-13-7. Policy Requirements

27-1-13-7.5. Newly Acquired Motor Vehicle; Required Coverage

27-1-13-8. Estimating Condition; Classification of Items as Assets or Liabilities; Reserves

27-1-13-8.5. Rules to Prescribe Minimum Standards for Establishment of Reserves

27-1-13-9. Trading or Dealing in Commodities, Goods, Wares, and Merchandise

27-1-13-10. Insurance Rating Bureaus; Organizational Regulations

27-1-13-11. Insurance Rating Bureaus; Meetings; Appearance by Aggrieved Persons

27-1-13-12. Insurance Rating Bureau; Division of Representation

27-1-13-13. Repealed

27-1-13-14. Casualty and Liability Insurance; Qualified Public Transportation Agency; Group Coverage for Functions

27-1-13-15. Property and Casualty Insurance Blanket Policies for Planned Unit Development Owners Association or Corporation

27-1-13-16. Notice of Residential Policy Changes

27-1-13-17. Residential Policy Restrictions