Current through P.L. 171-2024
Section 27-2-23-9 - "Policy"(a) As used in this chapter, "policy" means a policy or certificate issued in Indiana after June 30, 2015, that provides the kind of insurance described in Class 1 of IC 27-1-5-1.(b) The term does not include the following: (1) A policy or certificate that provides a death benefit under:(A) an employee benefit plan that is subject to the federal Employee Retirement Income Security Act of 1974 (29 U.S.C. 1001 et seq.); or(B) a federal employee benefit program.(2) A policy or certificate that is used to fund a preneed funeral contract or prearrangement.(3) A policy or certificate of credit life or accidental death insurance.(4) A policy issued to a group policy owner for which the insurer does not provide record keeping services.Amended by P.L. 166-2015, SEC. 3, eff. 7/1/2015.Added by P.L. 90-2014, SEC. 1, eff. 7/1/2014.