Indiana § 27-2-15-4.3 - Application of chapter
Full text of Indiana Indiana Code § 27-2-15-4.3 — Application of chapter, with citation guidance and answers to common questions.
§ 27-2-15-4.3. Application of chapter
Sec. 4.3. (a) This chapter applies to damage to or loss of a building or structure caused by fire or explosion only if all of the following are true:
(1) The municipality in which the building or structure is located is included on the list maintained by the department under section 4.4(b) of this chapter.
(2) The fire or explosion occurs on or after the effective date specified by the department for the municipality under section 4.4(b) of this chapter.
(3) The amount of the final settlement concerning the damage or loss exceeds seventy-five percent (75%) of available insurance proceeds.
(4) If the insurer, in good faith, withheld payment under an insurance policy due to:
(A) suspected arson;
(B) suspected fraud; or
(C) another question concerning coverage;
the reason for withholding payment has been resolved and final settlement concerning the damage or loss has occurred.
As added by P.L.238-2013, SEC.5.
Frequently Asked Questions About Indiana § 27-2-15-4.3
What does Indiana Code § 27-2-15-4.3 cover?
Section 27-2-15-4.3 ("Application of chapter") 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 § 27-2-15-4.3?
A common citation format is "Indiana Code § 27-2-15-4.3" (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 § 27-2-15-4.3 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.