§ 24-4.5-4-101 Short title
§ 24-4.5-4-102 Application; relation to credit insurance act
§ 24-4.5-4-103 “Consumer credit insurance” defined
§ 24-4.5-4-104 Creditor’s provisions of and charge for insurance; excess amount of charge
§ 24-4.5-4-105 Conditions applying to insurance to be provided by creditor
§ 24-4.5-4-106 Unconscionability
§ 24-4.5-4-107 Maximum charge by creditor for insurance; methods for calculating charge
§ 24-4.5-4-108 Prepayment by proceeds of consumer credit insurance; refund required; documentation; amount; interest; civil penalty
§ 24-4.5-4-109 Existing insurance; choice of insurer
§ 24-4.5-4-110 Charge for insurance connection with a deferral, refinancing, or consolidation; duplicate charges
§ 24-4.5-4-111 Cooperation between administrator and insurance commissioner
§ 24-4.5-4-112 Administrative action of commissioner of insurance
§ 24-4.5-4-201 Term of insurance
§ 24-4.5-4-202 Amount of insurance
§ 24-4.5-4-203 Filing and approval of rates and forms
§ 24-4.5-4-301 Property insurance
§ 24-4.5-4-302 Insurance on creditor’s interest only
§ 24-4.5-4-303 Liability insurance
§ 24-4.5-4-304 Cancellation by creditor
§ 24-4.5-4-305 Refund of unearned premium for property insurance upon payment of loan
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Terms Used In Indiana Code > Title 24 > Article 4.5 > Chapter 4 - Insurance

  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Statute: A law passed by a legislature.