Sec. 15. (a) Except in case of fraud by an insurer, the commissioner has no right of recourse against an insurer. An insurer may settle losses under this chapter in the customary manner.
(b) The commissioner may require an insurer to attempt to recover from a policyholder for amounts paid to the policyholder if, in the judgment of the commissioner, the policyholder was not entitled to the amounts paid because of fraud or violation of the policy conditions. The cost of a recovery attempt under this subsection shall be borne equally by the insurer and the commissioner.
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