{"data":{"id":"us-in/ic-27-2-24-3","jurisdiction":"us-in","citation":"IC 27-2-24-3","heading":"\"Available insurance proceeds\"","body":"Sec. 3. As used in this chapter, \"available insurance proceeds\" means:\n(1) the proceeds payable under a policy of property or casualty insurance:\n(A) to an innocent coinsured; and\n(B) based on a claim for property loss to the innocent coinsured's primary residence; minus\n(2) proceeds already paid under the policy of property or casualty insurance to:\n(A) the innocent coinsured for:\n(i) emergency living expenses;\n(ii) emergency action necessary to secure the premises of the primary residence; and\n(iii) action necessary to prevent further damage to the premises of the primary residence; and\n(B) a lienholder or mortgagee who is not under investigation by an authorized agency;\nin connection with the property loss described in subdivision (1).","path":["TITLE 27. INSURANCE","ARTICLE 2. POWERS AND DUTIES OF INSURERS","Chapter 24. Coverage With Innocent Coinsured"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-2-24-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"9ac197d13e0db341f8c1ff7f56fae711f45f2744bc8a480d70cbc8259739f74d","source_id":"us-in","stale":false,"prev":"us-in/ic-27-2-24-2","next":"us-in/ic-27-2-24-4"},"notice":"GroundRules: Original legal text. Not legal advice."}