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IN HB1319
Bill
Status
1/19/2016
Primary Sponsor
Gerald Torr
Click for details
AI Summary
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Declares void and unenforceable contractual or insurance provisions requiring additional insured coverage in construction contracts when used to indemnify parties for their own negligence or willful misconduct, effective July 1, 2016.
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Applies to construction contracts and insurance policies entered into, issued, delivered, amended, or renewed after June 30, 2016.
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Defines "construction contract" as contracts for services or supplies, performance bonds, and agreements between architects, engineers, contractors, and owners' lenders related to construction projects.
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Exempts commercial general liability insurance issued under consolidated insurance programs from the additional insured restrictions when listing, adding, or removing named insureds.
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Amends existing Indiana Code (IC 26-2-5) to clarify that indemnification provisions protecting against liability arising from sole negligence or willful misconduct of the indemnitee are against public policy and void.
Legislative Description
Additional insured in construction projects. Declares void and unenforceable a contractual or insurance provision requiring insurance coverage for an additional insured with respect to certain construction projects to the extent the additional insured would be indemnified for certain liability.
Last Action
First reading: referred to Committee on Insurance
1/19/2016