reglab/housing_qa huggingface dataset:
IN Code § 27-7-10-19 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-19. Prohibited Acts

Sec. 19. The following acts by a risk retention group are prohibited:(1) The solicitation or sale of insurance by a risk retention group to any person who is not eligible for membership in the group.(2) The solicitation or sale of insurance by, or operation of, a risk retention group that is in hazardous financial condition or financially impaired.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-10-20 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-20. Insurance Company Membership in Risk Retention Group

Sec. 20. A risk retention group may not do business in Indiana if an insurance company is directly or indirectly a member or owner of that risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-10-21 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-21. Prohibited Coverage

Sec. 21. The terms of any insurance policy issued by any risk retention group may not provide, or be construed to provide, coverage prohibited generally by Indiana law or declared unlawful by the Indiana supreme court.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-10-22 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-22. Financial Impairment of Foreign Risk Retention Group; Violations of Chapter; Compliance Requirements

Sec. 22. (a) A risk retention group that is not chartered in Indiana and that is doing business in Indiana shall comply with a lawful order issued in a voluntary dissolution proceeding or in a delinquency proceeding commenced by a state commissioner if there has been a finding of financial impairment after an examination under section 17 of this chapter.(b) A risk retention group that violates any provision of this chapter is subject to fines and penalties, including revocation of its right to do business in Indiana, that are applicable to licensed insurers generally.(c) In addition to complying with the other requirements of sections 14 through 22 of this chapter, a risk retention group operating in Indiana before April 1, 1988, shall, before May 1, 1988, comply with section 14(a) of this chapter.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-10-23 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-23. Insurance Insolvency Guaranty Fund

Sec. 23. (a) A risk retention group may not be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in Indiana. Neither a risk retention group, nor its insureds, nor claimants against its insureds may receive any benefit from any such fund for claims arising under the insurance policies issued by the risk retention group.(b) When a purchasing group obtains insurance covering its members' risks from an insurer that is not authorized in Indiana or from a risk retention group, no risks, wherever resident or located, are covered by an insurance guaranty fund or similar mechanism in Indiana.(c) When a purchasing group obtains insurance covering its members' risks from an authorized insurer, only risks resident or located in Indiana are covered by the state guaranty fund under IC 27-6-8.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-10-24 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-24. Countersignature on Policies

Sec. 24. A policy of insurance issued to a risk retention group or to any member of that group is not required to be countersigned.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-10-25 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-25. Purchasing Groups and Their Insurers; Application of Indiana Law; Exemptions

Sec. 25. A purchasing group and its insurer or insurers are subject to all applicable Indiana laws, except that a purchasing group and its insurer or insurers are exempt, in regard to liability insurance for the purchasing group, from any law that would:(1) prohibit the establishment of a purchasing group;(2) make it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its members, advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages, or other matters;(3) prohibit a purchasing group or its members from purchasing insurance on a group basis as described in subdivision (2);(4) prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time;(5) require that a purchasing group have a minimum number of members, common ownership or affiliation, or certain legal form;(6) require that a certain percentage of a purchasing group must obtain insurance on a group basis; or(7) otherwise discriminate against a purchasing group or any of its members.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-10-26 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-26. Purchasing Groups; Notice of Intent to Do Business; Required Information; Agent for Service of Process; Exemptions

Sec. 26. (a) A purchasing group, before doing business in Indiana, shall furnish notice to the commissioner. The notice must:(1) identify the state in which the group is domiciled;(2) identify all other states in which the group intends to do business;(3) specify the lines and classifications of liability insurance that the purchasing group intends to purchase;(4) identify the insurance company or companies from which the group intends to purchase its insurance and the domicile of the company or companies;(5) specify the method by which, and the person or persons, if any, through whom insurance will be offered to its members whose risks are resident or located in Indiana;(6) identify the principal place of business of the group; and(7) provide such other information as may be required by the commissioner to verify that the purchasing group meets the definition of a purchasing group under section 10 of this chapter.(b) A purchasing group shall, within ten (10) days, notify the commissioner of any changes in any of the facts set forth in the notice provided to the commissioner under this section.(c) A purchasing group, before doing business in Indiana, shall register with and designate the commissioner as its agent solely for the purpose of receiving service of legal documents or process in Indiana (for which a filing fee shall be determined by the commissioner). However, this requirement does not apply in the case of a purchasing group that only purchases insurance that was authorized under the federal Product Liability Risk Retention Act of 1981 (15 U.S.C. 3901 et seq.) and:(1) that in any state of the United States:(A) was domiciled before April 1, 1986; and(B) is domiciled on and after October 27, 1986;(2) that:(A) before October 27, 1986, purchased insurance from an insurance carrier licensed in any state; and(B) since October 27, 1986, purchased its insurance from an insurance carrier licensed in any state; or(3) that was a purchasing group under the requirements of the Product Liability Risk Retention Act of 1981 (15 U.S.C. 3901 et seq.) before October 27, 1986.(d) Each purchasing group that is required to give notice under subsection (a) shall also furnish information required by the commissioner to:(1) verify that the entity qualifies as a purchasing group;(2) determine where the purchasing group is located; and(3) determine appropriate tax treatment.(e) Any purchasing group that was doing business in Indiana before April 1, 1988, shall, before May 1, 1988, furnish notice to the commissioner under subsection (a) and furnish information required under subsections (c) through (d).As added by P.L.162-1988, SEC.2. Amended by P.L.124-2018, SEC.75.
IN Code § 27-7-10-27 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-27. Purchasing Groups; Purchase of Insurance From Risk Retention Groups; Limitations; Notice to Members; Deductibles; Aggregate Limits

Sec. 27. (a) A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed insurance producer or broker acting under the surplus lines laws and regulations of that state.(b) A purchasing group that obtains liability insurance from an insurer that is not admitted in Indiana or from a risk retention group shall inform each of the members of the group who have a risk resident or located in Indiana that the risk is not protected by an insurance insolvency guaranty fund in Indiana and that the risk retention group or insurer may not be subject to all insurance laws and rules of Indiana.(c) No purchasing group may purchase insurance providing for a deductible or self-insured retention applicable to the group as a whole. However, coverage may provide for a deductible or self-insured retention applicable to individual members of the purchasing group.(d) Purchases of insurance by purchasing groups are subject to the same standards regarding aggregate limits that are applicable to all purchases of group insurance.As added by P.L.162-1988, SEC.2. Amended by P.L.178-2003, SEC.50.
IN Code § 27-7-10-28 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-28. Premium Taxes; Taxes on Premiums; Calculations

Sec. 28. Premium taxes and taxes on premiums paid for coverage of risks resident or located in Indiana by a purchasing group or any member of a purchasing group shall be:(1) imposed at the same rate and subject to the same interest, fines, and penalties that apply to premium taxes and taxes on premiums paid for similar coverage from a similar insurance source by other insureds; and(2) paid first by the insurance source, and if not by the insurance source, then by the insurance producer or broker for the purchasing group, and if not by the insurance producer or broker, then by the purchasing group, and if not by the purchasing group, then by each of its members.As added by P.L.162-1988, SEC.2. Amended by P.L.178-2003, SEC.51.
IN Code § 27-7-10-29 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-29. Enforcement; Scope of Authority

Sec. 29. The commissioner may make use of any of the powers established under this title to enforce the laws of Indiana not specifically preempted by the Risk Retention Act of 1986, 15 U.S.C. 3901 et seq., including the commissioner's administrative authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders, impose penalties, and seek injunctive relief. With regard to any investigation, administrative proceedings, or litigation, the commissioner shall rely on Indiana procedural laws. The injunctive authority of the commissioner, in regard to risk retention groups, is restricted by the requirement under section 16 of this chapter that any injunction be issued by a court.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-10-30 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-30. Solicitation, Negotiation, or Procurement of Liability Insurance; License Requirements

Sec. 30. No individual, firm, association, limited liability company, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance in Indiana from a risk retention group unless the individual, firm, association, or corporation is licensed as an insurance producer under IC 27-1-15.6.As added by P.L.162-1988, SEC.2. Amended by P.L.8-1993, SEC.428; P.L.132-2001, SEC.11; P.L.178-2003, SEC.52.
IN Code § 27-7-10-31 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-31. Purchasing Groups; Solicitation, Negotiation, or Procurement of Liability Insurance; License Requirements

Sec. 31. (a) No individual, firm, association, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance in Indiana for a purchasing group from an authorized insurer or a risk retention group chartered in a state unless the individual, firm, association, or corporation is licensed as an insurance producer under IC 27-1-15.6.(b) No individual, firm, association, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance coverage in Indiana for any member of a purchasing group under a purchasing group's policy unless the individual, firm, association, or corporation is licensed as an insurance producer under IC 27-1-15.6.(c) No individual, firm, association, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance from an insurer not authorized to do business in Indiana on behalf of a purchasing group located in Indiana unless the individual, firm, association, or corporation is licensed as a surplus lines producer under IC 27-1-15.8.As added by P.L.162-1988, SEC.2. Amended by P.L.132-2001, SEC.12; P.L.178-2003, SEC.53.
IN Code § 27-7-10-32 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-32. Insurance Producers for Risk Retention Groups; Residence; Notice

Sec. 32. (a) For purposes of acting as an insurance producer for a risk retention group or purchasing group under section 30 or 31 of this chapter, the requirement of residence in Indiana does not apply.(b) Every individual, firm, association, or corporation licensed under IC 27-1-15.6, in regard to business placed with risk retention groups or written through a purchasing group, shall inform each prospective insured of the provisions of the notice required by section 18 of this chapter in the case of a risk retention group and section 27(c) of this chapter in the case of a purchasing group.As added by P.L.162-1988, SEC.2. Amended by P.L.132-2001, SEC.13; P.L.178-2003, SEC.54.
IN Code § 27-7-10-33 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-33. Injunctions

Sec. 33. An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state (or in all states, or in any territory or possession of the United States), upon a finding that the risk retention group is in hazardous financial or financially impaired condition is enforceable in the courts of this state.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-10-34 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 10. Risk Retention Groups|27-7-10-34. Rules to Implement Chapter

Sec. 34. The commissioner, under IC 4-22-2, may adopt rules necessary to implement this chapter.As added by P.L.162-1988, SEC.2.
IN Code § 27-7-11-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 11. Drought Insurance|27-7-11-1. "Drought Insurance" Defined

Sec. 1. As used in this chapter, "drought insurance" means insurance that covers the loss of or damage to crops caused by an insufficient amount of rainfall.As added by P.L.250-1989, SEC.1.
IN Code § 27-7-11-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 11. Drought Insurance|27-7-11-2. Policy Effective Date; Cancellation

Sec. 2. A drought insurance policy becomes effective and is not subject to cancellation:(1) at the time stated in the application for the insurance; or(2) fourteen (14) days after the applicant submits the premium payment;whichever occurs first, unless the application is refused in writing and the premium payment is returned within fourteen (14) days after the premium payment is submitted.As added by P.L.250-1989, SEC.1.
IN Code § 27-7-12-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 12. Termination of Residential Policies|27-7-12-1. Applicability of Chapter; Exceptions

Sec. 1. (a) This chapter applies to policies of insurance covering risks to property located in Indiana that take effect or are renewed after June 30, 2001, and that insure loss of or damage to:(1) real property consisting of not more than four (4) residential units, one (1) of which is the principal place of residence of the named insured; or(2) personal property:(A) in which the named insured has an insurable interest; and(B) that is used within a residential dwelling for personal, family, or household purposes.(b) This chapter does not apply to the following:(1) A policy of inland marine insurance.(2) The cancellation or nonrenewal of an automobile insurance policy under IC 27-7-6.(3) The cancellation or nonrenewal of a commercial property and casualty insurance policy under IC 27-1-31-2.5.As added by P.L.203-2001, SEC.10.
IN Code § 27-7-12-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 12. Termination of Residential Policies|27-7-12-2. Definitions

Sec. 2. (a) As used in this chapter, "cancellation" refers to a termination of property insurance coverage that occurs during the policy term.(b) As used in this chapter, "nonpayment of premium" means the failure of the named insured to discharge any obligation in connection with the payment of premiums on policies of insurance subject to this chapter, regardless of whether the payments are directly payable to the insurer or its agent or indirectly payable under a premium finance plan or extension of credit. The term includes the failure to pay dues or fees where payment of the dues or fees is a prerequisite to obtaining or continuing property insurance coverage.(c) As used in this chapter, "nonrenewal" or "nonrenewed" refers to a termination of property insurance coverage that occurs at the end of the policy term.(d) As used in this chapter, "renewal" or "to renew" refers to:(1) the issuance and delivery by an insurer at the end of a policy period of a policy superseding a policy previously issued and delivered by the same insurer; or(2) the issuance and delivery of a certificate or notice extending the term of an existing policy beyond its policy period or term.(e) As used in this chapter, "termination" means a cancellation or nonrenewal. The term does not include:(1) the requirement of a reasonable deductible;(2) reasonable changes in the amount of insurance; or(3) reasonable reductions in policy limits or coverage;if the requirements or changes are directly related to the hazard involved and are made on the renewal date for the policy. The term does not include a transfer of a policy to another insurer.As added by P.L.203-2001, SEC.10.
IN Code § 27-7-12-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 12. Termination of Residential Policies|27-7-12-3. Notice of Cancellation

Sec. 3. (a) Notice of cancellation of property insurance coverage by an insurer must:(1) be in writing;(2) be mailed to the named insured at the last known address of the named insured;(3) state the effective date of the cancellation; and(4) upon request of the named insured, be accompanied by a written explanation of the specific reasons for the cancellation.(b) An insurer shall mail written notice of cancellation to the named insured at least:(1) ten (10) days before canceling a policy, if the cancellation is for nonpayment of a premium;(2) twenty (20) days before canceling a policy, if:(A) the cancellation occurs more than sixty (60) days after the date of issuance of the policy; or(B) the insurer has received a copy of a complaint under IC 32-30-10.5-8(d)(2) concerning the property; and(3) ten (10) days before canceling a policy, if the cancellation occurs not more than sixty (60) days after the date of issuance of the policy.(c) If the policy was procured by an independent insurance producer licensed in Indiana, the insurer shall mail notice of cancellation to the insurance producer not less than ten (10) days before the insurer mails the notice to the named insured, unless the obligation to notify the insurance producer is waived in writing by the insurance producer.As added by P.L.203-2001, SEC.10. Amended by P.L.178-2003, SEC.55; P.L.116-2011, SEC.3; P.L.196-2021, SEC.37.
IN Code § 27-7-12-4 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 12. Termination of Residential Policies|27-7-12-4. Notice of Nonrenewal

Sec. 4. (a) Notice of nonrenewal by an insurer must:(1) be in writing;(2) be mailed to the named insured at the last known address of the named insured;(3) state the insurer's intention not to renew the policy upon expiration of the current policy period;(4) upon request of the named insured, be accompanied by a written explanation of the specific reasons for the nonrenewal; and(5) be mailed to the named insured at least twenty (20) days before the expiration of the current policy period.(b) If the policy was procured by an independent insurance producer licensed in Indiana, the insurer shall mail notice of nonrenewal to the insurance producer not less than ten (10) days before the insurer mails the notice to the named insured under subsection (a), unless the obligation to notify the insurance producer is waived in writing by the insurance producer.(c) Notice of nonrenewal under this section is not required if:(1) the named insured is transferred from an insurer to an affiliate of the insurer for future coverage; and(2) the transfer results in the same or broader coverage.(d) If an insurer mails to an insured a renewal notice, bill, certificate, or policy indicating the insurer's willingness to renew a policy and the insured does not respond, the insurer is not required to mail to the insured notice of intention not to renew.As added by P.L.203-2001, SEC.10. Amended by P.L.178-2003, SEC.56; P.L.148-2017, SEC.17; P.L.196-2021, SEC.38.
IN Code § 27-7-12-5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 7. Special Types of Insurance|Chapter 12. Termination of Residential Policies|27-7-12-5. Sufficiency of Explanations; Coverage Considered Renewed Where Notice Not Given

Sec. 5. (a) A written explanation provided under section 3 or 4 of this chapter must be of sufficient clarity and specificity to enable a reasonable lay person to identify the basis for the insurer's decision without further inquiry.(b) If notice is not provided under section 4 of this chapter, coverage is considered to be renewed only for the ensuing policy period upon payment of the appropriate premiums under the same terms and conditions, and subject to section 6 of this chapter, unless the named insured has accepted replacement coverage with another insurer or unless the named insured has agreed to the nonrenewal.As added by P.L.203-2001, SEC.10.