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2004 Summary of New State Laws - Indiana

Issue

Bill #

Bill Description

Financial Regulation

HB 1150

Allows domestic property and casualty insurers to invest up to 10% of their assets in asset-backed securities. Effective 7/1/04. Public Law 40, Laws of 2004.

Licensure

HB 1005

Exempts certain individuals from insurance producer licensure and establishes education requirements for title insurance producers. Effective 7/1/04. Public Law 64, Laws of 2004.

Motor Vehicle Insurance

(Traffic Safety - Child Safety Seats)

HB 1098

Amends provisions regarding child restraint systems in motor vehicles. Effective 7/1/04. Public Laws 67, Laws of 2004.

(Traffic Safety - DUI)

HB 1264

Amends provisions regarding ignition interlock devices. Effective 7/1/04. Public Law 76, Laws of 2004.

(Traffic Safety - DUI)

HB 1394

Classifies various offenses of driving while intoxicated and causing death. Effective 7/1/04. Public Law 82, Laws of 2004.

The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.

This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.

Indiana State Resource Center