Indiana Code 34-24-4-6. Third party insurance or indemnification prohibited
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Sec. 6. A third party may not:
(2) provide a defense or money for a defense;
(1) pay damages awarded under this chapter (or IC 34-1-70 before its repeal); or
Terms Used In Indiana Code 34-24-4-6
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
on behalf of an insured under a contract of insurance or indemnification.
[Pre-1998 Recodification Citation: 34-1-70-13.]
As added by P.L.1-1998, SEC.19.