Indiana § 37-2-5-1 - Application relation to credit insurance act
Full text of Indiana Indiana Code § 37-2-5-1 — Application relation to credit insurance act, with citation guidance and answers to common questions.
§ 37-2-5-1. Application relation to credit insurance act
Sec. 1. (a) Except as provided in subsection (b), this chapter applies to insurance provided or to be provided in relation to a consumer credit sale, a consumer lease, or a consumer loan.
(b) Section 17 of this chapter concerning cancellation by a creditor applies to loans the primary purpose of which is the financing of insurance. No other provision of this chapter applies to insurance so financed.
(c) This chapter supplements and does not repeal IC 27-8-4 (the credit insurance act). The provisions of this article concerning administrative controls, liabilities, and penalties do not apply to persons acting as insurers, and the similar provisions of IC 27-8-4 do not apply to creditors and debtors.
[Pre-2026 Revision Citation: 24-4.5-4-102.]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-2-5-1
What does Indiana Code § 37-2-5-1 cover?
Section 37-2-5-1 ("Application relation to credit insurance act") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 37-2-5-1?
A common citation format is "Indiana Code § 37-2-5-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 37-2-5-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.