Indiana Code > Title 27 > Article 7 > Chapter 9 – Mine Subsidence Insurance
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code > Title 27 > Article 7 > Chapter 9 - Mine Subsidence Insurance
- commissioner: refers to the insurance commissioner. See Indiana Code 27-7-9-1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fraud: Intentional deception resulting in injury to another.
- insurer: has the meaning set forth in IC 27-1-2-3(x). See Indiana Code 27-7-9-2
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- mine subsidence: means the collapse of an underground coal mine resulting in damage to a structure. See Indiana Code 27-7-9-3
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- premium: has the meaning set forth in IC 27-1-2-3(w). See Indiana Code 27-7-9-4
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- structure: means any dwelling, building, or fixture permanently fixed to real property. See Indiana Code 27-7-9-5