CHAPTER 11. DROUGHT INSURANCE

IC 27-7-11

    

Chapter 11. Drought Insurance

IC 27-7-11-1

"Drought insurance" defined

    

Sec. 1. As used in this chapter, "drought insurance" means
insurance that covers the loss of or damage to crops caused by an
insufficient amount of rainfall.

As added by P.L.250-1989, SEC.1.

IC 27-7-11-2

Policy effective date; cancellation

    

Sec. 2. A drought insurance policy becomes effective and is not
subject to cancellation:

        (1) at the time stated in the application for the insurance; or

        (2) fourteen (14) days after the applicant submits the premium
payment;

whichever occurs first, unless the application is refused in writing
and the premium payment is returned within fourteen (14) days after
the premium payment is submitted.

As added by P.L.250-1989, SEC.1.