Indiana § 27-2-24-10 - Payment not required if final settlement less than 60% of available proceeds
Full text of Indiana Indiana Code § 27-2-24-10 — Payment not required if final settlement less than 60% of available proceeds, with citation guidance and answers to common questions.
§ 27-2-24-10. Payment not required if final settlement less than 60% of available proceeds
Sec. 10. This chapter does not require an insurer that issued a policy of property or casualty insurance to pay a claim to an innocent coinsured if the final settlement for the property loss is less than sixty percent (60%) of available insurance proceeds under the policy.
As added by P.L.148-2017, SEC.8.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-2-24-10
What does Indiana Code § 27-2-24-10 cover?
Section 27-2-24-10 ("Payment not required if final settlement less than 60% of available proceeds") 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 § 27-2-24-10?
A common citation format is "Indiana Code § 27-2-24-10" (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 § 27-2-24-10 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.