Indiana Code 27-1-16.1-12. Manner in which self-storage insurance may be sold
Current as of: 2023 | Check for updates
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Sec. 12. Self-storage insurance may be sold:
(2) under:
(1) for any period; and
Terms Used In Indiana Code 27-1-16.1-12
- Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
- self-storage facility: means a person that is engaged in the business of providing rented storage space to the public. See Indiana Code 27-1-16.1-4
(A) an individual policy; or
(B) a group, commercial, or master policy issued to a self-storage facility to provide insurance for the self-storage facility’s customers.
As added by P.L.81-2013, SEC.3.