Indiana Code > Title 27 > Article 8 > Chapter 2 – Assessment Policy?Specified Payment
Current as of: 2023 | Check for updates
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Other versions
| § 27-8-2-1 | Specification of exact payment upon each contingency insured against |
| § 27-8-2-2 | Failure to pay amount specified; proceedings to close business |
Terms Used In Indiana Code > Title 27 > Article 8 > Chapter 2 - Assessment Policy?Specified Payment
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- 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.
- Fraud: Intentional deception resulting in injury to another.
- 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
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.