Sec. 8. Insurance proceeds set aside in an escrow account under section 5 of this chapter shall be considered as having been paid to the insured in satisfaction of any contractual liability under the policy.
As added by P.L.247-1989, SEC.2.
Structure Indiana Code
Article 2. Powers and Duties of Insurers
Chapter 15. Available Insurance Proceeds Set Aside
27-2-15-1. "Available Insurance Proceeds" Defined
27-2-15-3. "Enforcement Authority" Defined
27-2-15-3.2. "Final Settlement"
27-2-15-4.3. Application of Chapter
27-2-15-4.4. Municipality Election Regarding Governance by Chapter
27-2-15-4.5. Notice to Enforcement Authority of Existence of Policy
27-2-15-5. Evidence of Repair Contract; Set Aside of Insurance Proceeds; Amount in Escrow
27-2-15-6. Claims Against Set Aside; Use of Funds
27-2-15-7. Immunity of Insurers