Sec. 14. (a) The commissioner and each insurer issuing mine subsidence insurance under this chapter have the right of subrogation. In enforcing this subrogation right, the commissioner or the insurer shall be considered the real party in interest and shall pursue any action under the insurer's or commissioner's own name.
(b) The insurer shall include in its semiannual report under section 11(2) of this chapter an itemized list of all losses in subrogation. An insurer shall remit to the commissioner all money, less expenses, recovered as a result of subrogation actions.
As added by P.L.164-1986, SEC.1.
Structure Indiana Code
Article 7. Special Types of Insurance
Chapter 9. Mine Subsidence Insurance
27-7-9-5.4. "Type of Insurance Described in Class 3(a) of Ic 27-1-5-1"
27-7-9-6. List of Counties in Which Mine Subsidence Insurance Available
27-7-9-7. Mine Subsidence Insurance Fund; Deposits; Investment
27-7-9-8. Extent of Coverage Necessary; Deductible
27-7-9-8.4. Additional Forms of Coverage; Application to Structures
27-7-9-9. Reinsurance; Terms; Ceding Commission
27-7-9-9.5. Assistance With Adjusting of Claims; Responsibility of Insurer; Costs Paid From Fund
27-7-9-11. Report to Commissioner
27-7-9-12. Payment to Insurer Upon Receipt of Loss Report
27-7-9-14. Subrogation Rights; Reports
27-7-9-15. Recourse Against Insurer or Policyholder; Fraud or Policy Violations
27-7-9-16. Delegation of Powers