Indiana Code 27-1-43-2. “Party”

Sec. 2. (a) As used in this chapter, “party” means a recipient of a notice or document required as part of an insurance transaction.

(b) The term includes an applicant, an insured, a policyholder, and an annuity contract holder.

As added by P.L.119-2014, SEC.1.

Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Contract: A legal written agreement that becomes binding when signed.
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
policyholder: means one who is a holder of a contract of insurance in an insurance company. See Indiana Code 27-1-2-3