Skip to main content
Find a Lawyer

Indiana Code Title 27. Insurance § 27-2-24-4

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

Sec. 4. (a) As used in this chapter, “final settlement” means a determination:

(1) of the amount owed to an innocent coinsured by an insurer:

(A) under the building coverage part of a policy of property or casualty insurance;  and

(B) for property loss to the innocent coinsured's primary residence;  and

(2) made by any of the following methods:

(A) Acceptance of a proof of loss by the insurer.

(B) Execution of a release by the innocent coinsured.

(C) Acceptance of an arbitration award by the innocent coinsured and the insurer.

(D) Judgment of a court of competent jurisdiction.

(b) The term “final settlement” does not apply to damage or loss related to contents, personal property, or another loss that is not covered under the building coverage part of a policy of property or casualty insurance.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-2-24-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-2-24-4/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard