{"data":{"id":"us-in/ic-27-5.1-2-34","jurisdiction":"us-in","citation":"IC 27-5.1-2-34","heading":"Notice of premium plus assessment policy; civil actions; limitation","body":"Sec. 34. (a) A premium plus assessment insurance policy must expressly and prominently state on the face page of the insurance policy that the insurance policy is a premium plus assessment insurance policy.\n(b) A suit or action for a loss under a premium plus assessment insurance policy may not be commenced until:\n(1) the loss is due in accordance with the premium plus assessment insurance policy; or\n(2) not less than sixty (60) days after proof of loss was given to the farm mutual insurance company that issued the premium plus assessment insurance policy.\n(c) Requirements that a policyholder must meet to sustain a legal cause of action under this section must be disclosed clearly and prominently on the face page of the premium plus assessment insurance policy.\n(d) Notwithstanding IC 34-11-2-11, the statute of limitations for a claim on a premium plus assessment insurance policy under this section is two (2) years after the date of the loss.","path":["TITLE 27. INSURANCE","ARTICLE 5.1. FARM MUTUAL INSURANCE COMPANIES","Chapter 2. Farm Mutual Insurance Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-5.1-2-34","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"bdf109dc5643251bbec86035632fd75a0e7e72a92590145fbeb9ac93b387768c","source_id":"us-in","stale":false,"prev":"us-in/ic-27-5.1-2-33","next":"us-in/ic-27-5.1-2-35"},"notice":"GroundRules: Original legal text. Not legal advice."}