Indiana § 27-2-28-6 - "Material change"
Full text of Indiana Indiana Code § 27-2-28-6 — "Material change", with citation guidance and answers to common questions.
§ 27-2-28-6. "Material change"
Sec. 6. (a) As used in this chapter, "material change" means a premium increase of more than ten percent (10%) over and above the increases in the insurer's filed rate plan, including base rate increases and any other changes to the insurer's filed rate plan.
(b) The term does not include the following:
(1) An increase in the insurer's filed rate plan and automatic inflationary increases.
(2) An additional premium due to a change initiated by the insured, such as:
(A) adding or removing vehicles or drivers;
(B) adding an endorsement;
(C) adding additional coverages;
(D) adding covered premises; or
(E) increasing coverage limits or deductibles.
(3) An additional premium due to a change in risk exposure as a result of the insured's participation in a usage based or telematics insurance program.
(4) Changes resulting from a property inspection.
(5) For purposes of the second or subsequent renewals, rate increases that are implemented over more than one (1) policy period if:
(A) the implementation plan is included in the insurer's filed rate plan; or
(B) the increase for any one (1) policy period is not more than ten percent (10%) over the expiring policy period's premium.
As added by P.L.226-2023, SEC.20. Amended by P.L.86-2026, SEC.7.
Frequently Asked Questions About Indiana § 27-2-28-6
What does Indiana Code § 27-2-28-6 cover?
Section 27-2-28-6 (""Material change"") 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 § 27-2-28-6?
A common citation format is "Indiana Code § 27-2-28-6" (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 § 27-2-28-6 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.