{"data":{"id":"us-in/ic-27-2-15-4.5","jurisdiction":"us-in","citation":"IC 27-2-15-4.5","heading":"Notice to enforcement authority of existence of policy","body":"Sec. 4.5. (a) An insurer that:\n(1) issued an insurance policy that:\n(A) covers a building or other structure that is:\n(i) located in a municipality governed by this chapter; and\n(ii) damaged by a fire or explosion; and\n(B) is in effect at the time that the fire or explosion occurs; and\n(2) receives notice of a claim for the damage by the named insured;\nshall, not more than fifteen (15) days after a final settlement is reached, notify the enforcement authority of the municipality about the existence of the policy.\n(b) The notice to an enforcement authority required by subsection (a) must:\n(1) be in writing;\n(2) identify the insurer and state the insurer's address; and\n(3) identify the building or structure and state the location of the building or structure.\n(c) The commissioner may take action under IC 27-1-3-10 and IC 27-1-3-19 against an insurer that violates this section.","path":["TITLE 27. INSURANCE","ARTICLE 2. POWERS AND DUTIES OF INSURERS","Chapter 15. Available Insurance Proceeds Set Aside"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-2-15-4.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"163ffa65c1d92f40a2cc14303b44ba23f0f336d193d111df5112fc4be5849fbb","source_id":"us-in","stale":false,"prev":"us-in/ic-27-2-15-4.4","next":"us-in/ic-27-2-15-5"},"notice":"GroundRules: Original legal text. Not legal advice."}