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State statute · Indiana

Mine Subsidence Insurance, Termination of Residential Policies, and Cancellation and Nonrenewal of Commercial Property and Casualty Insurance (IC 27-7-9, 27-7-12, IC 27-1-31): Indiana Code Title 27

Publisher
Indiana General Assembly
Edition
Indiana Code 2026 edition
Last checked
2026-09-19
Status
IN statutes, public domain
Edition and licensing notes

Publisher. Indiana General Assembly (iga.in.gov)

Edition. Indiana Code 2026 edition (page meta T_ICTITLE_S_YEAR="2026"; the publisher's own article PDF prints "Indiana Code 2026" in the footer of every page; source credits run through P.L. numbers dated 2026)

Status. IN statutes, public domain (state government edict).

Read the official textPractice questions from this source

What this document is

Indiana Code Title 27 - Mine Subsidence Insurance, Termination of Residential Policies, and Cancellation and Nonrenewal of Commercial Property and Casualty Insurance (IC 27-7-9, 27-7-12, IC 27-1-31) 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 § 27-7-9-8(a)(1) (Mine Subsidence Insurance; Extent of Coverage Necessary; Deductible)
    “(1) the loss in actual cash value of the covered structure due to mine subsidence, less a deductible that: (A) must be equal to two percent (2%) of the insured value of the structure under the policy; but (B) must be: (i) no less than two hundred fifty dollars ($250); and (ii) no more than five...”
  • IC § 27-7-12-2(f) (Termination of Residential Policies; Definitions; "Termination")
    “(f) As used in this chapter, "termination" means a cancellation or nonrenewal. The term does not include: (1) the requirement of a reasonable deductible; (2) reasonable changes in the amount of insurance; or (3) reasonable reductions in policy limits or coverage; if the requirements or changes are...”
  • IC § 27-7-12-5(b) (Termination of Residential Policies; Coverage Considered Renewed Where Notice Not Given)
    “(b) If notice is not provided under section 4 of this chapter, coverage is considered to be renewed only for the ensuing policy period upon payment of the appropriate premiums under the same terms and conditions, and subject to section 6 of this chapter, unless the named insured has accepted...”
  • IC § 27-1-31-3(b) (Cancellation and Nonrenewal of Commercial Property and Casualty Insurance; Notice of Nonrenewal; Municipal and County Coverage)
    “(b) This subsection does not apply to worker's compensation insurance. If an insurer refuses to renew a policy of insurance written by the insurer, the insurer shall mail written notice of nonrenewal to the insured at least sixty (60) days before the anniversary date of the policy if the coverage...”
  • IC § 27-7-9-3.5 (Mine Subsidence Insurance; "Peril")
    “Sec. 3.5. As used in this chapter, "peril" means the cause of a loss, such as a fire, an explosion, or a flood.”
  • IC § 27-7-9-8.5(b) (Mine Subsidence Insurance; One Mine Subsidence Occurrence)
    “(b) For the purposes of this section, all damage that is caused by: (1) a single mine subsidence event; or (2) two (2) or more mine subsidence events that are continuous; shall be considered as having been caused by one (1) mine subsidence occurrence.”
  • IC § 27-7-12-7 (Termination of Residential Policies; Prohibited Grounds for Termination)
    “Sec. 7. Termination of property insurance coverage by an insurer is prohibited if the termination is based on any of the following: (1) Upon the race, religion, nationality, ethnic group, age, sex, or marital status of the applicant or named insured. (2) Solely upon the lawful occupation or...”
  • IC § 27-7-9-8.5(c) and (d) (Mine Subsidence Insurance; Duty to Investigate; Damage Occurring Before Issuance)
    “(c) Neither an insurer, an agent of an insurer, nor an employee of an insurer is obligated to investigate for mine subsidence damage that may have occurred before the issuance or renewal of a policy including mine subsidence coverage under this chapter, unless specifically informed of such damage...”
  • IC § 27-7-12-1(a) (Termination of Residential Policies; Applicability of Chapter)
    “Sec. 1. (a) Except as provided in subsection (b), this chapter applies to policies of insurance covering risks to property located in Indiana that take effect or are renewed after June 30, 2001, and that insure loss of or damage to:”
  • IC § 27-7-12-6 (Termination of Residential Policies; Grounds for Cancellation After the Opening Period)
    “Sec. 6. After coverage has been in effect for more than sixty (60) days or after the effective date of a renewal policy, a notice of cancellation shall not be issued unless cancellation is based on at least one (1) of the following: (1) Nonpayment of a premium. (2) Discovery of fraud or material...”
  • IC § 27-7-9-14(a) (Mine Subsidence Insurance; Subrogation Rights; Real Party in Interest)
    “Sec. 14. (a) The commissioner and each insurer issuing mine subsidence insurance under this chapter have the right of subrogation. In enforcing this subrogation right, the commissioner or the insurer shall be considered the real party in interest and shall pursue any action under the insurer's or...”
  • IC § 27-7-9-8(b) (Mine Subsidence Insurance; Informing the Prospective Policyholder)
    “(b) An insurer proposing to issue a policy providing the type of insurance described in Class 3(a) of IC 27-1-5-1 to cover one (1) or more structures located in a county identified under section 6 of this chapter shall inform the prospective policyholder of the availability of mine subsidence...”

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Indiana Property & Casualty practice test

Questions about this source

Indiana Code Title 27 - Mine Subsidence Insurance, Termination of Residential Policies, and Cancellation and Nonrenewal of Commercial Property and Casualty Insurance (IC 27-7-9, 27-7-12, IC 27-1-31) is a state statute published by Indiana General Assembly (iga.in.gov). Edition: Indiana Code 2026 edition (page meta T_ICTITLE_S_YEAR="2026"; the publisher's own article PDF prints "Indiana Code 2026" in the footer of every page; source credits run through P.L. numbers dated 2026).

No. This page summarizes the document and links to the official version. Always rely on the text published by Indiana General Assembly (iga.in.gov) for the current law.

Practice questions for Indiana Property & Casualty cite this document.

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