Indiana Code 27-7-11-2. Policy effective date; cancellation
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Sec. 2. A drought insurance policy becomes effective and is not subject to cancellation:
(2) fourteen (14) days after the applicant submits the premium payment;
(1) at the time stated in the application for the insurance; or
Terms Used In Indiana Code 27-7-11-2
- drought insurance: means insurance that covers the loss of or damage to crops caused by an insufficient amount of rainfall. See Indiana Code 27-7-11-1
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
whichever occurs first, unless the application is refused in writing and the premium payment is returned within fourteen (14) days after the premium payment is submitted.
As added by P.L.250-1989, SEC.1.