Indiana Code > Title 27 > Article 1 > Chapter 43.2 – Service Contracts
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Terms Used In Indiana Code > Title 27 > Article 1 > Chapter 43.2 - Service Contracts
- ancillary protection product: includes the following:
Indiana Code 27-1-43.2-1
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- holder: means a person who is entitled to services or indemnification under a service contract. See Indiana Code 27-1-43.2-2
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- 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
- insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
- 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.
- motor vehicle: has the meaning set forth in IC 9-13-2-105(a). See Indiana Code 27-1-43.2-4
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- provider: means a person who is contractually obligated to a holder under a service contract. See Indiana Code 27-1-43.2-5
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
- service contract: means an agreement:
Indiana Code 27-1-43.2-7
- service contract reimbursement policy: means a policy of insurance that provides coverage for one (1) of the following:
Indiana Code 27-1-43.2-8
- warranty: means a guarantee that:
Indiana Code 27-1-43.2-9