Sec. 1. (a) This chapter shall be known and may be cited as the senior consumer protection act.

     (b) This chapter does not apply to deception, intimidation, or other exploitation of a senior consumer in relation to insurance coverage or an insurance product that is regulated by the Indiana department of insurance. A senior consumer who is a victim of an act that is:

(1) described in section 4(a) or 4(b) of this chapter; and

(2) related to insurance coverage or an insurance product;

may report the act to the Indiana department of insurance for action by the insurance commissioner under IC 27. If the insurance commissioner determines that the person who committed the act is not subject to regulation by the Indiana department of insurance, the insurance commissioner shall immediately refer the senior consumer to the attorney general and the senior consumer may pursue remedies available under this chapter.

     (c) This chapter does not apply to the exploitation of a senior consumer in relation to securities fraud that is regulated by the secretary of state’s office. A senior consumer who is a victim of an act that is:

(1) described in section 4(a) or 4(b) of this chapter; and

(2) related to the Indiana uniform securities act under IC 23-19;

shall report the act to the secretary of state under IC 23-19. If the secretary of state’s office determines the person who committed the act is not subject to the regulation of the secretary of state’s office, the secretary of state’s office shall immediately refer the senior consumer to the attorney general and the senior consumer may pursue remedies available under this chapter.

As added by P.L.250-2013, SEC.1.