Sec. 18. (a) This section applies to a loss or damages incurred after June 30, 2025, for a policy of insurance that is described in: (1) Class 3(a) of IC 27-1-5-1 ; or (2) Class 2(h) of IC 27-1-5-1 . However, this section does not apply to a commercial lines property insurance policy. (b) This section applies regardless of whether the policy of insurance was created before, on, or after July 1, 2025, unless the application of this section to the policy of insurance would: (1) for a policy issued before July 1, 2025, give a right to a beneficiary that the beneficiary was not reasonably intended to have, other than the beneficiary's right to insurance coverage until the time limitation described in subsection (e); or (2) for a policy issued at any time, relieve a beneficiary from a duty or liability imposed on the insured by the terms of the policy. (c) The following definitions apply throughout this section: (1) "Beneficiary" has the meaning set forth in IC 32-17-14-3 (1). (2) "Insurable interest" means an insured's interest in real property, concerning which the insured is entitled to the benefits of insurance coverage under a property insurance policy. (3) "Insured" means a person who is entitled to the benefits of insurance coverage under a property insurance policy. (4) "Named insured" means a person identified by name as an insured under a property insurance policy. (5) "Property insurance policy" means a policy of insurance that is described in Class 2(h) or Class 3(a) of IC 27-1-5-1 . The term does not include a commercial lines property insurance policy. (6) "Transfer" means an ownership change in a named insured's insurable interest in real property to a beneficiary of a transfer on death deed that occurs as a consequence of the named insured's death. (7) "Transferee" means a person who has acquired or received a named insured's insurable interest in real property through a transfer. (8) "Transfer on death deed" has the meaning set forth in IC 32-17-14-3 (16). (d) Subject to subsection (e), each transferee of a named insured's insurable interest in real property is also an insured to the extent of the named insured's insurable interest in real property that the transferee has acquired or received through a transfer. (e) Except as provided in subsections (f) and (g) and IC 32-38-3-1 , for a period of sixty (60) days immediately following the death of the insured, each transferee is an insured under a property insurance policy insuring the real property the transferee acquired or received through a transfer. At the time of the insured's death, the transferee succeeds to the rights and obligations of the insured under the property insurance policy, to the extent of the insured's insurable interest in real property that the transferee has acquired or received through a transfer, for the sixty (60) day period. (f) If a property insurance policy has a policy expiration date that is less than sixty (60) days after the death of the insured, insurance coverage continues for either: (1) thirty (30) days; or (2) the policy expiration date; whichever is later. (g) If a transferee obtains a property insurance policy insuring the real property the transferee acquired or received through a transfer, the transferee is not an insured on the insurance policy described in subsection (e) once the transferee's property insurance policy becomes effective. IC 27-1-14 Chapter 14. Repealed IC 27-1-15 Chapter 15. Repealed IC 27-1-15.5 Chapter 15.5. Repealed IC 27-1-15.6 Chapter 15.6. Insurance Producers 27-1-15.6-1 Applicability of chapter 27-1-15.6-2 Definitions 27-1-15.6-3 Required licensing 27-1-15.6-4 Insurance producer license; when not required 27-1-15.6-5 Licensing examination 27-1-15.6-6 Application for resident insurance producer 27-1-15.6-7 Insurance producer licenses; qualifications; expiration; renewal; registry 27-1-15.6-7.3 Insurance producer frameable certificates 27-1-15.6-8 Nonresident producer license 27-1-15.6-8.2 Designated home state license 27-1-15.6-9 Prelicensing education; exemptions 27-1-15.6-10 Use of assumed name 27-1-15.6-11 Temporary insurance producer license 27-1-15.6-12 Penalties 27-1-15.6-13 No consideration given to unlicensed sellers 27-1-15.6-13.5 Applicability; disclosure to policyholder or subscriber; acknowledgment; submission to all payer claims data base; examination 27-1-15.6-13.6 Applicability; compliance; disclosure requirement; reporting of violation; penalty 27-1-15.6-14 Insurance producer acting as agent of insurer 27-1-15.6-15 Notification of termination 27-1-15.6-16 Nonresident license applicant with license from other state 27-1-15.6-17 Reports of administrative actions or criminal prosecutions against producers 27-1-15.6-18 Issuance of limited lines producer's license without examination 27-1-15.6-19 Prearranged funeral insurance 27-1-15.6-19.5 Annuities; insurance producer qualifications and training 27-1-15.6-19.7 Repealed 27-1-15.6-19.9 Travel insurance; limited lines travel insurance producer license; requirements 27-1-15.6-20 Crop hail insurance 27-1-15.6-21 Service of process 27-1-15.6-22 Compensation; restrictions 27-1-15.6-23 Insurance consultant license 27-1-15.6-24 Commercial property and casualty insurance 27-1-15.6-24.1 Personal property and casualty fees 27-1-15.6-25 Representation of a fraternal benefit society 27-1-15.6-26 Limited lines producer 27-1-15.6-27 Solicitor's license 27-1-15.6-28 Suspension of license 27-1-15.6-29 Notice of probationary status for failure to pay child support; suspension; reinstatement 27-1-15.6-29.5 Determination of suspension or revocation of license 27-1-15.6-30 Authority to enforce compliance 27-1-15.6-31 Producers not to be named as beneficiaries 27-1-15.6-32 Fees for licensure 27-1-15.6-33 Rules 27-1-15.6-34 Hearings
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