Sec. 3. An extended company may:

(1) insure the property of policyholders of the extended company against loss or damage that is caused by:

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 27-5.1-4-3

(A) fire;

(B) windstorm;

(C) causes specified under an extended coverage provision; and

(D) other perils that are specified in the policy form;

(2) insure the property of policyholders of the extended company against:

(A) loss of use;

(B) loss of occupancy;

(C) loss of rents; and

(D) additional expenses;

that result from direct loss or damage to covered property; and

(3) provide other kinds of insurance that are approved by the commissioner.

As added by P.L.129-2003, SEC.8.