2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.9. Portable Electronics Insurance › 27-1-15.9-17. Insurer Requirements; Notices; Termination

Sec. 17. (a) To the extent that this section conflicts with any other provision of IC 27 that applies to an insurer, this section is controlling.
(b) The following apply to an insurer that issues a portable electronics insurance policy:
(1) Except as provided in subdivisions (3) and (4), an insurer shall provide written notice to a vendor and an insured customer at least thirty (30) days before terminating or otherwise changing the terms and conditions of a portable electronics insurance policy.
(2) An insurer that changes the terms and conditions as described in subdivision (1) shall provide to the vendor and insured customer:
(A) a revised policy, endorsement, or certificate;
(B) an updated brochure; or
(C) other evidence of the change;
including a summary of material changes.
(3) If an insurer discovers fraud or material misrepresentation by an insured customer in:
(A) obtaining portable electronics insurance; or
(B) presenting a claim under the portable electronics insurance;
the insurer may, not less than fifteen (15) days after providing written notice to the insured customer, terminate the insured customer's portable electronics insurance.
(4) An insurer may immediately terminate an insured customer's portable electronics insurance for the following reasons:
(A) Nonpayment of premiums.
(B) The insured customer no longer has active service with the vendor.
(C) The:
(i) insured customer has exhausted any aggregate limit of liability under the terms of the portable electronics insurance policy; and
(ii) insurer has sent written notice of the termination to the insured customer.
(5) If portable electronics insurance is terminated by a vendor, the vendor shall, at least thirty (30) days before the effective date of the termination, deliver written notice of the termination, including notice of the effective date of the termination, to each insured customer.
(6) Written notice required by this chapter may be delivered as follows:
(A) By United States mail to:
(i) a vendor at the mailing address specified by the vendor for delivery of written notice; and
(ii) an insured customer at the insured customer's last known mailing address;
that is on file with the insurer.
(B) By electronic mail to:
(i) a vendor at the vendor's electronic mail address specified by the vendor for delivery of written notice; and
(ii) an insured customer at the insured customer's last known electronic mail address provided by the insured customer to the insurer or vendor.
An insured customer's provision of an electronic mail address to an insurer or a vendor is considered to be consent from the insured customer to receive written notices by electronic mail. An insurer and a vendor shall maintain proof that a written notice sent by electronic mail was sent.
(7) A written notice required by this chapter that is delivered by a supervising entity appointed by an insurer on behalf of the insurer or vendor is considered to have been delivered by the insurer or vendor.
As added by P.L.4-2012, SEC.3.