Sec. 14. As used in this chapter, “personal insurance policy” means a policy that:

(1) provides one (1) or more of the kinds of insurance described in Class 2 or Class 3 of IC 27-1-5-1; and

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(2) is underwritten on an individual basis for personal, family, or household use.

As added by P.L.201-2003, SEC.1.