Indiana Code 27-7-8-1. Definitions
“Advertising” means any communication to the public the purpose of which is to convey information purporting to describe a legal insurance plan.
Terms Used In Indiana Code 27-7-8-1
- Commissioner: refers to the commissioner of insurance. See Indiana Code 27-7-8-1
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: refers to the department of insurance. See Indiana Code 27-7-8-1
- Employee: means an individual employed or permitted to work or perform services for remuneration under a contract of hire, written or oral, by an employer. See Indiana Code 27-7-8-1
- Employer: means a person who hires an employee. See Indiana Code 27-7-8-1
- Insurer: means a person who obtains a certificate of authority under IC 27-1-3-20. See Indiana Code 27-7-8-1
- Legal insurance: means insurance against class 2(m) risk of loss as described in IC 27-1-5-1. See Indiana Code 27-7-8-1
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means an individual, partnership, corporation, limited liability company, business trust, or association. See Indiana Code 27-7-8-1
“Department” refers to the department of insurance.
“Employee” means an individual employed or permitted to work or perform services for remuneration under a contract of hire, written or oral, by an employer.
“Employer” means a person who hires an employee.
“Group legal insurance” refers to legal insurance issued under a master policy covering the individuals set out in subdivisions (1) and (2) of section 3 of this chapter, applying a rate that is lower than the rate shown in the insurer‘s manual for individual policies of the same type and class.
“Insurer” means a person who obtains a certificate of authority under IC 27-1-3-20.
“Legal insurance” means insurance against class 2(m) risk of loss as described in IC 27-1-5-1.
“Person” means an individual, partnership, corporation, limited liability company, business trust, or association.
“Solicitation” means any invitation or request to enroll in a legal insurance plan, or attempt to obtain consideration for the coverage of a legal insurance plan, or any other device the purpose of which is to induce an individual to enroll in, or pay consideration for, a legal insurance plan.
As added by Acts 1978, P.L.129, SEC.2. Amended by P.L.8-1993, SEC.427.