Sec. 3. (a) Except as provided in subsection (b), if an insurer refuses to renew a policy of insurance written by the insurer, the insurer shall mail written notice of nonrenewal to the insured: (1) at least forty-five (45) days before the expiration date of the policy, if the coverage provided is for one (1) year, or less; or (2) at least forty-five (45) days before the anniversary date of the policy, if the coverage provided is for more than one (1) year. (b) This subsection does not apply to worker's compensation insurance. If an insurer refuses to renew a policy of insurance written by the insurer, the insurer shall mail written notice of nonrenewal to the insured at least sixty (60) days before the anniversary date of the policy if the coverage is provided to a municipality (as defined in IC 36-1-2-11 ) or county entity. (c) A notice of nonrenewal is not required if: (1) the 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. IC 27-1-32 Chapter 32. Repealed IC 27-1-33 Chapter 33. Managing General Agents 27-1-33-1 Actuary 27-1-33-2 Commissioner 27-1-33-3 Insurer 27-1-33-4 Managing general agent 27-1-33-5 Underwrite 27-1-33-6 Acting in capacity of MGA with respect to risks; prohibitions; bond; errors and omissions policy 27-1-33-7 Placement of business with an insurer; contract; contents 27-1-33-8 Independent financial examination; loss reserves; on-site review of underwriting and claims; reinsurance; termination of contracts; review of books and records; board of directors 27-1-33-9 Actions of MGA; examinations 27-1-33-10 Violations; penalties; civil actions 27-1-33-11 Rules for implementation and administration of chapter
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.