Sec. 9. (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.
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