Statutes, codes, and regulations
Indiana Code
Title 27 - INSURANCEArticle 2 - POWERS AND DUTIES OF INSURERS
Chapter 15 - AVAILABLE INSURANCE PROCEEDS SET ASIDE
Section 27-2-15-8 - Satisfaction of contractual liability

Ind. Code § 27-2-15-8

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Current through P.L. 171-2024
Section 27-2-15-8 - Satisfaction of contractual liability

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.

IC 27-2-15-8

As added by P.L. 247-1989, SEC.2.