Sec. 12. (a) The
department may enforce the requirements of this chapter to the extent permissible under applicable law.
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Terms Used In Indiana Code 27-1-50-12
- Department: means "the department of insurance" 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
(c) The department may adopt rules under IC 4-22-2 that:
(1) provide for the enforcement of this chapter; and
(2) set forth fines for violations of this chapter.
As added by P.L.166-2023, SEC.3. Amended by P.L.158-2024, SEC.17.
