Indiana Code 27-1-16.1-7. “Supervising entity”

Sec. 7. As used in this chapter, “supervising entity” means a business entity that:

(1) supervises the activities of a self-storage facility related to a self-storage insurance policy;

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
insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. 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
self-storage insurance: means :
Indiana Code 27-1-16.1-5

(2) is an:

(A) insurer; or

(B) insurance producer;

that is licensed under this title; and

(3) issues, or is appointed by an insurer that issues, the self-storage insurance policy.

As added by P.L.81-2013, SEC.3.