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IN SB0467
Bill
AI Summary
SB 467 Summary
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Adds new Chapter 24 to Indiana Code regarding fire department reimbursement under property insurance policies issued or renewed after 2017.
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Requires insurers to pay fire departments directly for fire protection services when a claim is filed after December 31, 2017, under policies with reimbursement coverage and the insurer is liable to the claimant.
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Limits direct payments to the lesser of either the state fire marshal's recommended schedule of charges or the reimbursement coverage amount specified in the policy.
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Allows insurers offering reimbursement coverage to limit coverage to services provided by volunteer fire departments, paid fire departments, or both.
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Requires insurers to notify claimants when fire department reimbursement is made under the claimant's reimbursement coverage; effective July 1, 2017.
Legislative Description
Fire department reimbursement. Requires payment under a property insurance policy that provides coverage for reimbursement for fire protection services (policy) to pay the fire department's charges, subject to certain limitations, in response to a claim for which the insurer is liable under the policy. Requires notice to the claimant when a fire department is reimbursed under a policy.
Last Action
First reading: referred to Committee on Insurance
3/7/2017