Indiana Code 27-1-2-4. Violation of Indiana Insurance Law
Current as of: 2024 | Check for updates
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Attorney's Note
Under the Indiana Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class C misdemeanor | up to 60 days | up to $500 |
Terms Used In Indiana Code 27-1-2-4
- Conviction: A judgement of guilt against a criminal defendant.
- 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
- person: includes individuals, corporations, associations, and partnerships; personal pronoun includes all genders; the singular includes the plural and the plural includes the singular. See Indiana Code 27-1-2-3
Sec. 4. A person who recklessly violates the Indiana Insurance Law (chapters 2 through 20 of this article) commits a Class C infraction, except as otherwise provided. However, except as otherwise provided, the violation is a Class C misdemeanor if the person has a prior unrelated adjudication or conviction for a violation under this section within the previous five (5) years.
As added by Acts 1978, P.L.2, SEC.2701. Amended by P.L.82-1998, SEC.1; P.L.32-2019, SEC.22.