Ind. Code § 27-5.1-3-2

Sec. 2. A standard company that is issued a certificate of authority under this article may:

(1) perform the business of insurance on:

(A) an assessable;

(B) a mutual; and

(C) a nonprofit;

basis;

(2) insure the property of policyholders of the standard company against loss or damage that is caused by:

(A) fire;

(B) windstorm;

(C) causes specified under an extended coverage provision; and

(D) other perils that are not specifically excluded in the policy form; and

(3) insure the property of policyholders of the standard company against:

(A) loss of use;

(B) loss of occupancy;

(C) loss of rents; and

(D) additional expenses;

that result from direct loss or damage to covered property.