27-1-41-4. "Group insurance policy"

IN Code § 27-1-41-4 (2019) (N/A)
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Sec. 4. As used in this chapter, "group insurance policy" means a policy of insurance that provides personal excess liability insurance or personal umbrella liability insurance to participating group members under one (1) master policy:

(1) that is issued to the group administrator; and

(2) under which individual certificates are issued to each participating group member.

As added by P.L.32-2012, SEC.2.