Indiana Code 24-5-11-2.7. “Insured consumer”
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Sec. 2.7. As used in this chapter, “insured consumer” refers to a person:
(A) personal line policy of property and casualty insurance coverage; or
(1) that is a policyholder or an insured under a:
Terms Used In Indiana Code 24-5-11-2.7
- consumer: means a person that owns, leases, or rents the residential real property that is the subject of a real property improvement contract. See Indiana Code 24-5-11-2
- Contract: A legal written agreement that becomes binding when signed.
- insurance policy: refers to a:
Indiana Code 24-5-11-2.6
- person: means an individual, a corporation, the state or its subdivisions or agencies, a business trust, an estate, a trust, a partnership, an association, or a cooperative or any other legal entity. See Indiana Code 24-5-11-7
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(B) commercial line farm insurance policy that insures residential property; and
(2) that is or may become a consumer that enters into a real property improvement contract under this chapter.
As added by P.L.170-2017, SEC.8.