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§ 27-9-3-1-1 — Indiana Law | CourtGPT
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  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 9 - Supervision; Rehabilitation; Liquidation/
  6. Chapter 3.1 - Treatment of Certain Agreements27-9-3.1-1. "Actual Direct Compensatory Damages"/
  7. § 27-9-3-1-1
Indiana Legal Code

§ 27-9-3-1-1

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(a) As used in this chapter, 'actual direct compensatory damages' includes:(1) normal and reasonable costs of cover; and(2) other reasonable measures of damages used in the derivatives market, the securities market, or another market for contract claims.(b) The term does not include:(1) punitive or exemplary damages;(2) damages for lost profit or lost opportunity; or(3) damages for pain and suffering.As added by P.L.11-2011, SEC.36. Amended by P.L.13-2013, SEC.70.