(a) An insurer that:(1) issued an insurance policy that:(A) covers a building or other structure that is:(i) located in a municipality governed by this chapter; and(ii) damaged by a fire or explosion; and(B) is in effect at the time that the fire or explosion occurs; and(2) receives notice of a claim for the damage by the named insured;shall, not more than fifteen (15) days after a final settlement is reached, notify the enforcement authority of the municipality about the existence of the policy.(b) The notice to an enforcement authority required by subsection (a) must:(1) be in writing;(2) identify the insurer and state the insurer's address; and(3) identify the building or structure and state the location of the building or structure.(c) The commissioner may take action under IC 27-1-3-10 and IC 27-1-3-19 against an insurer that violates this section.As added by P.L.123-1992, SEC.1. Amended by P.L.119-2012, SEC.159; P.L.238-2013, SEC.7.
Indiana Legal Code