Sec. 10. This chapter does not require an insurer that issued a policy of property or casualty insurance to pay a claim to an innocent coinsured if the final settlement for the property loss is less than sixty percent (60%) of available insurance proceeds under the policy.
As added by P.L.148-2017, SEC.8.
Structure Indiana Code
Article 2. Powers and Duties of Insurers
Chapter 24. Coverage With Innocent Coinsured
27-2-24-1. Application of Chapter
27-2-24-2. "Authorized Agency"
27-2-24-3. "Available Insurance Proceeds"
27-2-24-5. "Innocent Coinsured"
27-2-24-7. "Property or Casualty Insurance"
27-2-24-8. Payment of Claim Made by Innocent Coinsured
27-2-24-9. Insurer Actions Solely on Basis of Innocent Coinsured History Prohibited
27-2-24-10. Payment Not Required if Final Settlement Less Than 60% of Available Proceeds
27-2-24-11. Insurer Rebuttal of Status of Innocent Coinsured