Indiana § 27-7-18-19 - Violation; cease and desist; penalties

§ 27-7-18-19. Violation; cease and desist; penalties

Sec. 19. (a) If a person violates this chapter, the insurance commissioner may enter an order requiring the person to cease and desist from violating this chapter.

(b) If a person violates a cease and desist order issued under subsection (a), the insurance commissioner, after notice and hearing under IC 4-21.5, may:

(1) impose a civil penalty upon the person of not more than ten thousand dollars ($10,000) for each day of violation;

(2) suspend or revoke the person's certificate of authority, if the person holds a certificate of authority under this title; or

(3) both impose a civil penalty upon the person under subdivision (1) and suspend or revoke the person's certificate of authority under subdivision (2).

As added by P.L.17-2024, SEC.19.

IC 27-7-18.7Chapter 18.7. Property and Casualty Insurance for Condominium Units

27-7-18.7-1"Condominium" 27-7-18.7-2"Condominium unit" 27-7-18.7-3"Co-owner" 27-7-18.7-4"Property and casualty insurance" 27-7-18.7-5Options for co-owners of a condominium to obtain property and casualty insurance coverage; continuing obligation of co-owners to provide coverage

IC 27-7-18.7-1"Condominium" Sec. 1. As used in this chapter, "condominium" has the meaning set forth in IC 32-25-2-7.

As added by P.L.86-2026, SEC.25.

IC 27-7-18.7-2"Condominium unit" Sec. 2. As used in this chapter, "condominium unit" has the meaning set forth in IC 32-25-2-9.

As added by P.L.86-2026, SEC.25.

IC 27-7-18.7-3"Co-owner" Sec. 3. As used in this chapter, "co-owner" has the meaning set forth in IC 32-25-2-11.

As added by P.L.86-2026, SEC.25.

IC 27-7-18.7-4"Property and casualty insurance" Sec. 4. As used in this chapter, "property and casualty insurance" means one (1) or more of the types of insurance described in IC 27-1-5-1, Class 2 and Class 3.

As added by P.L.86-2026, SEC.25.

IC 27-7-18.7-5Options for co-owners of a condominium to obtain property and casualty insurance coverage; continuing obligation of co-owners to provide coverage Sec. 5. (a) This section applies to a condominium in which all of the condominium units:

(1) were designed and built for occupancy by not more than two (2) separate families; and

(2) contain not more than two (2) separate living quarters.

(b) Notwithstanding IC 32-25-8-9, the co-owners of a condominium described in subsection (a) may obtain property and casualty insurance coverage for the condominium units through one (1) of the following methods:

(1) By purchasing a master policy for property and casualty insurance.

(2) By allowing each co-owner to purchase property and casualty insurance on an individual basis.

(c) This section may not be construed to relieve the co-owners from any obligation under IC 32-25-8-9 to provide insurance coverage under a master policy for:

(1) the land on which the condominium is located;

(2) swimming pools and other recreational facilities; or

(3) any other parts of the condominium existing for common use.

As added by P.L.86-2026, SEC.25.

IC 27-7-19Chapter 19. Insurance Coverage for Participants of Work Based Learning Programs

27-7-19-1Applicability of chapter 27-7-19-2"Employer's liability insurance" 27-7-19-3"Insurer" 27-7-19-4"Participant" 27-7-19-5"Work based learning program" 27-7-19-6Underwriting and rating factors; criteria