Sec. 5. (a) A withdrawal of consent by a party does not affect the legal effectiveness, validity, or enforceability of a notice or document that is electronically delivered to the party before the withdrawal of consent is effective.

     (b) A withdrawal of consent by a party is effective thirty (30) days after the insurer receives notice of the withdrawal.

Terms Used In Indiana Code 27-1-43-5

  • electronically delivered: includes the following:

    Indiana Code 27-1-43-1

  • 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
  • party: means a recipient of a notice or document required as part of an insurance transaction. See Indiana Code 27-1-43-2
     (c) An insurer’s failure to comply with section 3(d)(4) of this chapter is, at the election of the party, considered to be a withdrawal of the party’s consent under this chapter.

As added by P.L.119-2014, SEC.1. Amended by P.L.196-2021, SEC.31.

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