Indiana Code 24-5-11-2.7. “Insured consumer”

Sec. 2.7. As used in this chapter, “insured consumer” refers to a person:

(1) that is a policyholder or an insured under a:

consumer: means a person that owns, leases, or rents the residential real property that is the subject of a real property improvement contract. See Indiana Code 24-5-11-2
Contract: A legal written agreement that becomes binding when signed.
insurance policy: refers to a:
Indiana Code 24-5-11-2.6
person: means an individual, a corporation, the state or its subdivisions or agencies, a business trust, an estate, a trust, a partnership, an association, or a cooperative or any other legal entity. See Indiana Code 24-5-11-7
Property: includes personal and real property. See Indiana Code 1-1-4-5

(A) personal line policy of property and casualty insurance coverage; or

(B) commercial line farm insurance policy that insures residential property; and

(2) that is or may become a consumer that enters into a real property improvement contract under this chapter.

As added by P.L.170-2017, SEC.8.