Plain English Breakdown
The official source material does not provide details on specific actions required or the aim of ensuring fairness and transparency.
Insurance Rules for Aerial Photos
This bill changes Indiana's insurance laws by requiring insurers to follow specific steps if they decide not to renew property insurance based on aerial images.
What This Bill Does
- It sets new rules about using aerial photographs in the decision-making process of insurance companies when deciding whether or not to renew a policy.
- Insurance companies must take certain actions if they decide not to renew a property insurance policy based on aerial images.
Who It Names or Affects
- Property insurance providers in Indiana
- People who have property insurance in Indiana
Terms To Know
- Named insured
- The person or organization specifically mentioned and protected by an insurance policy.
- Aerial images
- Photos taken from the air, usually by drones or airplanes.
Limits and Unknowns
- It does not specify what actions insurers must take when using aerial photos.
- The bill has passed both chambers of the Indiana legislature but its final status is pending executive action.