This chapter applies to all kinds of direct insurance except:(1) life, annuity, health, or disability insurance;(2) mortgage guaranty, financial guaranty, or other forms of insurance offering protection against investment risks;(3) fidelity or surety bonds, or any other bonding obligations;(4) credit insurance, vendors' single interest insurance, or collateral protection insurance or similar insurance with the primary purpose of protecting the interests of a creditor arising out of a creditor-debtor transaction;(5) warranty or service contract insurance;(6) title insurance;(7) ocean marine insurance;(8) a transaction between a person or an affiliate of a person and an insurer or an affiliate of an insurer that involves the transfer of investment or credit risk without a transfer of insurance risk;(9) insurance provided by or guaranteed by a government entity; and(10) insurance written on a retroactive basis to cover known losses for which a claim has already been made and the claim is known to the insurer at the time the insurance is bound.Formerly: Acts 1971, P.L.390, SEC.1. As amended by P.L.163-1988, SEC.1; P.L.31-1988, SEC.20.
Indiana Legal Code