Senate Bill 83 Summary

• Adds Chapter 24 to Indiana Code Title 27-2, effective July 1, 2016, establishing protections for innocent coinsured individuals under property or casualty insurance policies entered into, amended, or renewed after June 30, 2016.

• Defines "innocent coinsured" as an individual who is insured under the policy, did not cooperate in or intentionally contribute to a property loss caused by another insured, signs a sworn affidavit to that effect, and cooperates in claim investigation, police investigation, and criminal prosecution.

• Prohibits insurers from denying, excluding, or limiting payment of claims by innocent coinsured for property loss coverage, except that payment cannot exceed policy coverage limits or the actual cost to repair or replace the property.

• Prohibits insurers from refusing to renew or issue a policy or adding a surcharge or rating factor to a premium solely because an insured or prospective insured has been an innocent coinsured.

• Applies to property or casualty insurance in Classes 2 and 3 under Indiana Code 27-1-5-1, but excludes insurance in Class 2(a).