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Indiana Code Title 27. Insurance § 27-1-47-2

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 2. (a) An insurer, by or through its employees, affiliates, insurance producers, or third-party representatives, or an insurance producer acting on the insurance producer's own behalf, may offer or provide, for free or at a discounted price, value-added products or services:

(1) that relate to or are provided in conjunction with a policy of insurance;  and

(2) that:

(A) are primarily intended to:

(i) educate about;

(ii) assess;

(iii) monitor;

(iv) mitigate;

(v) reduce;

(vi) control;  or

(vii) prevent;

risk, severity, or frequency of loss to persons or to persons' lives, health, or property;

(B) are primarily designed to enhance the health, financial wellness, or safety of persons or of persons' lives, health, or property;  or

(C) have a nexus to or enhance the value of the insurance benefits of the policy.

(b) Offering or providing products or services under this section is not a violation of IC 27-1-20-30, IC 27-1-22-18, or IC 27-4-1-4(a)(8).

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-1-47-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-1-47-2/

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