Use of Credit Information in Personal Insurance and Virtual Claim Payments for Dental Care Services (IC 27-2-21, IC 27-4-10): Indiana Code Title 27

What this document is

Indiana Code Title 27 - Use of Credit Information in Personal Insurance and Virtual Claim Payments for Dental Care Services (IC 27-2-21, IC 27-4-10) is a state statute published by Indiana General Assembly (iga.in.gov). It is one of the Indiana documents that insurance license exam questions are written from, including indiana property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• IC § 27-2-21-17(a) (Use of Credit Information in Personal Insurance; Incorrect or Incomplete Credit Information)

  “Sec. 17. (a) If: (1) a determination is made through the dispute resolution process set forth in the federal Fair Credit Reporting Act, 15 U.S.C. 1681i(a)(5), that the credit information of a current insured was incorrect or incomplete; and (2) the insurer receives notice of the determination from...”

• IC § 27-2-21-16(a)(1) and (a)(2) (Use of Credit Information in Personal Insurance; Requirements for Insurer Use)

  “Sec. 16. (a) An insurer that uses credit information to underwrite or rate risks shall not do the following: (1) Use an insurance score that is calculated using income, gender, address, ZIP code, ethnic group, religion, marital status, or nationality of the consumer as a factor. (2) Deny, cancel,...”

• IC § 27-2-21-19(b) (Adverse Action Based on Credit Information; Content of the Reason Given)

  “(b) The reason provided under subsection (a)(2) must be provided in sufficiently clear and specific language so that an individual can identify the basis for the insurer's decision to take an adverse action. The notice must include a description of all factors up to four (4) primary factors that...”

• IC § 27-2-21-21 (Use of Credit Information in Personal Insurance; Insurance Producer Indemnification, Defense, and Hold Harmless)

  “Sec. 21. (a) An insurer shall indemnify and defend an insurance producer and hold an insurance producer harmless from and against liability, fees, and costs arising out of or related to the actions, errors, or omissions of the insurance producer relating to a use of credit information if the...”

• IC § 27-2-21-22 (Use of Credit Information in Personal Insurance; Consumer Reporting Agency Prohibitions)

  “Sec. 22. (a) A consumer reporting agency may not provide or sell data or lists that include information submitted in conjunction with: (1) an insurance inquiry about a consumer's credit information; or (2) a request for a credit report or insurance score; including the expiration dates of an...”

• IC § 27-2-21-18(a) (Use of Credit Information in Personal Insurance; Disclosure of Use)

  “Sec. 18. (a) If an insurer uses credit information in underwriting or rating a consumer, the insurer or the insurer's agent shall disclose, either on the insurance application or at the time the insurance application is taken, that the insurer may obtain credit information in connection with the...”

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Questions about this source

More Indiana sources

• Indiana Code IC 27-4-1 - Unfair Competition; Unfair or Deceptive Acts and Practices (IC 27-4-1-1 to 27-4-1-19)State statute
• Indiana Code Title 27, Article 8, Chapter 5 - Accident and Sickness Insurance: Policy Provisions (IC 27-8-5, individual and general provisions)State statute
• Indiana Code Title 27, Article 1, Chapter 3.5 - Annual Audited Financial Reports (IC 27-1-3.5)State statute
• Indiana Code Title 27, Article 7 - Uninsured Motorist Coverage and Underinsured Motorist Coverage, Miscellaneous Motor Vehicle Insurance Provisions, and Cancellation of Automobile Insurance Policies (IC 27-7-5, 27-7-5.1, 27-7-6)State statute
• Indiana Code Title 27, Article 1 - Classification of Insurance, Admission of Foreign and Alien Companies to Transact Business in Indiana, and Additional Provisions Pertaining to Foreign and Alien Companies (IC 27-1-5, 27-1-17, 27-1-18)State statute
• Indiana Code Title 35, Article 50 - Sentences: General Provisions, Sentences for Felonies, and Sentences for Misdemeanors (IC 35-50-1, 35-50-2, 35-50-3)State statute
• Indiana Code Title 27, Article 1 - Department of Insurance: Department Created, Incorporation by Reference, Application of Article and Definitions, General Powers and Duties of the Department, and Examinations (IC 27-1-1, 27-1-1.5, 27-1-2, 27-1-3, 27-1-3.1)State statute
• Indiana Code Title 9, Article 25 - Financial Responsibility (IC 9-25-1 through IC 9-25-11.5)State statute