§ 27-1-30.4-1 “Permitted group”
§ 27-1-30.4-2 “Property and casualty insurance”
§ 27-1-30.4-3 “Property and casualty insurance company”
§ 27-1-30.4-4 Permitting provision of property and casualty insurance on a group basis
§ 27-1-30.4-5 Rules
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Terms Used In Indiana Code > Title 27 > Article 1 > Chapter 30.4 - Group Property and Casualty Insurance for Permitted Groups

  • Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
  • Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
  • insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
  • permitted group: means a group of ten (10) or more commercial, business, or not-for-profit entities that have a preexisting relationship to one another through:

    Indiana Code 27-1-30.4-1

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • property and casualty insurance: means one (1) or more of the types of insurance described in IC 27-1-5-1, Class 2 and Class 3. See Indiana Code 27-1-30.4-2