Indiana Code 27-1-38-11. Requirements for electronic disclosure
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Sec. 11. If:
(2) the disclosure is provided to the customer in a format that the customer may retain or obtain at a later time;
(1) a customer consents to receive the disclosure required under section 8 of this chapter electronically; and
Terms Used In Indiana Code 27-1-38-11
- affiliate: means a company that controls, is controlled by, or is under common control with another company. See Indiana Code 27-1-38-1
- depository institution: means a depository financial institution (as defined in IC 28-9-2-6). See Indiana Code 27-1-38-3
- 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
- person: includes individuals, corporations, associations, and partnerships; personal pronoun includes all genders; the singular includes the plural and the plural includes the singular. See Indiana Code 27-1-2-3
the depository institution, the affiliate of a depository institution, or the person that sells, solicits, advertises, or offers insurance on behalf of a depository institution may provide the disclosure electronically and may obtain from the customer acknowledgment of receipt of the disclosure electronically.
As added by P.L.130-2002, SEC.2.