Indiana § 27-2-13-5 - Withholding of insurance proceeds; exceptions

§ 27-2-13-5. Withholding of insurance proceeds; exceptions

Sec. 5. An authorized agency that is investigating a fire believed to have been caused by arson may, in writing, order an insurer to withhold payment of the proceeds of an insurance policy on the damaged or destroyed property for up to thirty (30) days from the date of the order. The insurer may not make a payment during that time, except for payments:

(1) for emergency living expenses;

(2) for emergency action necessary to secure the premises;

(3) necessary to prevent further damage to the premises; or

(4) to a mortgagee who is not the target of investigation by the authorized agency.

As added by P.L.247-1989, SEC.1.

IC 27-2-14Chapter 14. Vehicle Theft Reporting

27-2-14-1Definitions 27-2-14-2Fraudulent claims; notification by insurer 27-2-14-3Investigative agencies; disclosure of information or evidence by insurer 27-2-14-4Release of information to other agencies; reciprocal disclosure to insurer; immunity from civil or criminal liability