IC 27-1-42-9: Unfair or deceptive acts

Sec. 9. (a) The use of a certificate of insurance form that:

(1) is unfair, misleading, or deceptive; or

(2) violates any law;

is an unfair and deceptive act or practice in the business of insurance under IC 27-4-1-4.

(b) If:

(1) the commissioner has reason to believe that a certificate of insurance form is described in subsection (a)(1) or (a)(2); and

(2) the certificate of insurance form was provided by a financial institution;

the commissioner may refer the matter to the department of financial institutions for review under IC 28.