{"data":{"id":"us-in/ic-27-1-12.3-3","jurisdiction":"us-in","citation":"IC 27-1-12.3-3","heading":"Variable interest rate loans; duties of insurer","body":"Sec. 3. With respect to variable interest rate loans under section 2 of this chapter, the insurer shall:\n(1) notify the policyholder at the time a cash loan is made of the initial rate of interest on the loan;\n(2) notify the policyholder as soon as is reasonably practical after a premium loan is made of the initial rate of interest on the loan, except that notice need not be given the policyholder when a further premium loan is added other than the notice required by subdivision (3) of this section;\n(3) send to the policyholder reasonable advance notice of any increase in the loan interest rate; and\n(4) include in the notices required by this section, whether the rate is fixed or variable and, if variable, the permitted frequency of change.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 12.3. Interest Rates on Insurance Policy Loans"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-12.3-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"787f0d4e37f757f878d209be8d657d667029ca722d1f86d78feb01d5a6c8e862","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-12.3-2","next":"us-in/ic-27-1-12.3-4"},"notice":"GroundRules: Original legal text. Not legal advice."}