{"data":{"id":"us-in/ic-27-5.1-3-2","jurisdiction":"us-in","citation":"IC 27-5.1-3-2","heading":"Powers; kinds of insurance coverage","body":"Sec. 2. A standard company that is issued a certificate of authority under this article may:\n(1) perform the business of insurance on:\n(A) an assessable;\n(B) a mutual; and\n(C) a nonprofit;\nbasis;\n(2) insure the property of policyholders of the standard company against loss or damage that is caused by:\n(A) fire;\n(B) windstorm;\n(C) causes specified under an extended coverage provision; and\n(D) other perils that are not specifically excluded in the policy form; and\n(3) insure the property of policyholders of the standard company against:\n(A) loss of use;\n(B) loss of occupancy;\n(C) loss of rents; and\n(D) additional expenses;\nthat result from direct loss or damage to covered property.","path":["TITLE 27. INSURANCE","ARTICLE 5.1. FARM MUTUAL INSURANCE COMPANIES","Chapter 3. Standard Farm Mutual Insurance Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-5.1-3-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"23ea66e86c9bcc9e1d3ddc448ed5740736e47befba4ef30ed7442e506a12c68b","source_id":"us-in","stale":false,"prev":"us-in/ic-27-5.1-3-1","next":"us-in/ic-27-5.1-3-3"},"notice":"GroundRules: Original legal text. Not legal advice."}