IC 27-5.1-3-1 : Standard company; supplementation of chapter; limitation on types of insurance provided

Sec. 1. (a) This chapter supplements the requirements set forth for a standard company in IC 27-5.1-2.

(b) A standard company may not insure a policyholder of the farm mutual insurance company:

(1) against loss to a motor vehicle owned by the policyholder from peril;

(2) against liability resulting from the use of a motor vehicle owned by the policyholder;

(3) for property loss in connection with a specific loan or other credit transaction; or

(4) for personal, commercial, and farm liability.

As added by P.L.129-2003, SEC.8.