Ind. Code § 27-1-43.2-13
This is the official text of Ind. Code § 27-1-43.2-13, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Service contract reimbursement policy form
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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