Terms Used In Indiana Code > Title 27 > Article 2 > Chapter 15 - Available Insurance Proceeds Set Aside

• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• available insurance proceeds: means the proceeds payable under an insurance policy based upon a claim for damage to or loss of a building or other structure caused by fire or explosion, minus proceeds paid to:

  Indiana Code 27-2-15-1

• Contract: A legal written agreement that becomes binding when signed.
• department: refers to the department of insurance created by IC 27-1-1-1. See Indiana Code 27-2-15-2.5
• enforcement authority: has the meaning set forth in IC 36-7-9-2. See Indiana Code 27-2-15-3
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• 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.
• final settlement: means a determination:

  Indiana Code 27-2-15-3.2

• Fraud: Intentional deception resulting in injury to another.
• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• insurer: means a fire and marine insurance company, as defined in IC 27-1-2-3(u). See Indiana Code 27-2-15-4
• Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• municipality: has the meaning set forth in IC 36-1-2-11. See Indiana Code 27-2-15-4.2
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5