Section 27-1-42-9 - Unfair or deceptive acts(a) The use of a certificate of insurance form that:(1) is unfair, misleading, or deceptive; or(2) violates any law; is an unfair and deceptive act or practice in the business of insurance under IC 27-4-1-4.
(b) If: (1) the commissioner has reason to believe that a certificate of insurance form is described in subsection (a)(1) or (a)(2); and(2) the certificate of insurance form was provided by a financial institution; the commissioner may refer the matter to the department of financial institutions for review under IC 28.
Added by P.L. 70-2013, SEC. 1, eff. 7/1/2013.