IC 27-2-15-1 — "Available insurance proceeds" defined
Chapter 15. Available Insurance Proceeds Set Aside
Section text
Sec. 1. As used in this chapter, "available insurance proceeds" means the proceeds payable under an insurance policy based upon a claim for damage to or loss of a building or other structure caused by fire or explosion, minus proceeds paid to: (1) the insured for emergency living expenses; (2) take emergency action necessary to secure the premises; (3) prevent further damage to the premises; or (4) a lienholder or mortgagee who is not the target of an investigation by an authorized agency (as defined in IC 27-2-13-1).
As added by P.L.247-1989, SEC.2.
Source: official publisher (2026 edition)