First Regular Session 114th General Assembly (2005)
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SENATE ENROLLED ACT No. 125
AN ACT to amend the Indiana Code concerning insurance.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 27-7-5-1.5; (05)SE0125.1.1. -->
SECTION 1. IC 27-7-5-1.5 IS ADDED TO THE INDIANA CODE
AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2005]: Sec. 1.5. (a) As used in this section, "commercial vehicle
policy" means an insurance policy that provides coverage for at
least one (1) of the following:
(1) A motor vehicle that is rated or insured as a business or
(2) A motor vehicle that is licensed by the state as a
(3) A commercial motor vehicle business, including an:
(A) individual who; or
(B) entity that;
is in the business or occupation of selling, repairing, servicing,
storing, or parking motor vehicles, including a business that
is a commercial garage operation, an automobile sales entity,
a motor vehicle repair entity, a motor vehicle service station,
or a public parking operation.
(4) A motor vehicle that is used as a public or private livery or
a rental conveyance.
(5) A motor vehicle that is owned or used by a named insured
that is not a natural person.
(b) This chapter does not require an insurer to make available
uninsured motorist or underinsured motorist coverage described
in section 2 of this chapter in connection with the issuance of a:
(1) commercial liability policy, including a commercial vehicle
(2) commercial umbrella or excess liability policy;
(3) commercial liability policy that provides hired or
nonowned motor vehicle liability coverage; or
(4) commercial liability policy that provides limited or
incidental coverage for liability arising out of the ownership,
maintenance, operation, or use of a motor vehicle, including
a motor vehicle that is:
(A) not subject to motor vehicle registration; and
(B) not intended or designed to be used on a public
SOURCE: ; (05)SE0125.1.2. -->
SECTION 2. [EFFECTIVE JULY 1, 2005] (a) The department of
insurance shall, not later than December 31, 2007, assess and
report to the legislative council in an electronic format under
IC 5-14-6 the:
(1) market availability of;
(2) competition for; and
(3) sales since June 30, 2005, of;
commercial uninsured motorist and underinsured motorist
coverage in Indiana on July 1, 2007.
(b) This SECTION expires January 1, 2008.
SEA 125 _ Concur
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