Sec. 2. (Purpose) The purpose of this chapter is to provide a mechanism for the payment of claims under certain insurance policies to avoid excessive delay in payment and to avoid excessive financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide an association to assess the cost of this protection among insurers.
Ind. Code § 27-6-8-2
Purpose
Known as the Indiana Insurance Guaranty Association Law
The act spans §§ 27-6-8-0.1 to 27-6-8-9 (21 sections).
Applied in 5 court decisions — leading case Indiana Insurance Guaranty Ass'n v. Blickensderfer (2002)
Most recently applied in Indiana Insurance Guaranty Ass'n v. Bedford Regional Medical Center (March 2007)
Formerly: Acts 1971, P.L.390, SEC.1.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.