Sec. 13. Except as provided in section 14 of this chapter, a service contract reimbursement policy may not be offered, sold, or issued in Indiana unless the service contract reimbursement policy conspicuously states that the insurer will do either of the following:
(1) Pay all sums that the provider is obligated to pay under service contracts issued by the provider and outstanding in Indiana.
(2) In the event of the provider's nonperformance under a service contract issued by the provider and outstanding in Indiana, perform or pay for the performance of services that the provider:
(A) is obligated to perform under the service contract; and
(B) failed to perform.
As added by P.L.129-2014, SEC.10.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 43.2. Service Contracts
27-1-43.2-1. "Ancillary Protection Product"
27-1-43.2-3. "Incidental Cost"
27-1-43.2-7. "Service Contract"
27-1-43.2-8. "Service Contract Reimbursement Policy"
27-1-43.2-10. Service Contract Characterization and Regulation
27-1-43.2-11. Service Contract Requirements
27-1-43.2-12. Service Contract Form
27-1-43.2-13. Service Contract Reimbursement Policy Form
27-1-43.2-14. Application of Chapter Provisions
27-1-43.2-15. Commissioner Authority; Violations
27-1-43.2-16. Administrative Hearing