Sec. 1. (a) Before the operative date of the valuation manual specified in section 34 of this chapter, as used in this chapter, “accident and sickness insurance” means
insurance described in Class 1(b), Class 1(c)(2), or Class 2(a) of
IC 27-1-5-1.
Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.
Terms Used In Indiana Code 27-1-12.8-1
- 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
As added by P.L.276-2013, SEC.10.
