Section 27-2-15-4.5 - Notice to enforcement authority of existence of policy(a) An insurer that: (1) issued an insurance policy that: (A) covers a building or other structure that is:(i) located in a municipality governed by this chapter; and(ii) damaged by a fire or explosion; and(B) is in effect at the time that the fire or explosion occurs; and(2) receives notice of a claim for the damage by the named insured; shall, not more than fifteen (15) days after a final settlement is reached, notify the enforcement authority of the municipality about the existence of the policy.
(b) The notice to an enforcement authority required by subsection (a) must:(2) identify the insurer and state the insurer's address; and(3) identify the building or structure and state the location of the building or structure.(c) The commissioner may take action under IC 27-1-3-10 and IC 27-1-3-19 against an insurer that violates this section.Amended by P.L. 238-2013, SEC. 7, eff. 7/1/2013.Amended by P.L. 119-2012, SEC. 159, eff. 4/1/2012.As added by P.L. 123-1992, SEC.1.