A standard company that is issued a certificate of authority under this article may:(1) perform the business of insurance on:(A) an assessable;(B) a mutual; and(C) a nonprofit;basis;(2) insure the property of policyholders of the standard company against loss or damage that is caused by:(A) fire;(B) windstorm;(C) causes specified under an extended coverage provision; and(D) other perils that are not specifically excluded in the policy form; and(3) insure the property of policyholders of the standard 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.As added by P.L.129-2003, SEC.8.
Indiana Legal Code