Terms Used In Indiana Code > Title 4 > Article 32.3 > Chapter 8 - Penalties

• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• asset acquisition: includes every purchase, lease, exchange, merger, consolidation, succession, or other acquisition. See Indiana Code 27-2-18-1
• asset disposition: includes every sale, lease, exchange, merger, consolidation, mortgage, hypothecation, assignment (whether for the benefit of creditors or otherwise), abandonment, destruction, or other disposition. See Indiana Code 27-2-18-2
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• 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
• Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
• commissioner: means the insurance commissioner of Indiana. See Indiana Code 27-2-17-1
• 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: means the department of insurance of Indiana. See Indiana Code 27-2-17-2
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fraud: Intentional deception resulting in injury to another.
• governmental agency: means any:

  Indiana Code 27-2-19-1

• independent insurance producer: means an insurance producer who:

  Indiana Code 27-2-17-3

• insurer: has the meaning set forth in IC 27-1-2-3(x). See Indiana Code 27-2-16-2
• insurer: means a person who transacts a property and casualty insurance business. See Indiana Code 27-2-19-2
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• law enforcement agency: means an agency or a department of any level of government whose principal function is the apprehension of criminal offenders. See Indiana Code 27-2-19-3
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• material acquisition: means an asset acquisition or a series of related asset acquisitions during any thirty (30) day period that:

  Indiana Code 27-2-18-4

• material disposition: means an asset disposition or a series of related asset dispositions during any thirty (30) day period that:

  Indiana Code 27-2-18-5

• Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• 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: includes individuals, corporations, associations, limited liability companies, and partnerships. See Indiana Code 27-2-19-4
• person: has the meaning set forth in IC 27-1-2-3. See Indiana Code 27-2-20-1
• political subdivision: has the meaning set forth in IC 36-1-2-13. See Indiana Code 27-2-19-5
• Probable cause: A reasonable ground for belief that the offender violated a specific law.
• Probate: Proving a will
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• property or casualty insurance: means a type of insurance described in Class 2 and Class 3 of IC 27-1-5-1. See Indiana Code 27-2-17-4
• Statute: A law passed by a legislature.
• Subpoena: A command to a witness to appear and give testimony.
• Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5