27-2-24-10. Payment not required if final settlement less than 60% of available proceeds

IN Code § 27-2-24-10 (2019) (N/A)
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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.