1. (a) In a civil proceeding in which a plaintiff enters into a commercial litigation financing agreement, the contents of the commercial litigation financing agreement are subject to discovery under the Indiana Rules of Trial Procedure by:

   1. (1) a party other than the plaintiff; or
   2. (2) an insurer that has a duty to defend another party in the civil proceeding.

2. (b) In a civil proceeding in which a plaintiff enters into a commercial litigation financing agreement that is directly or indirectly financed by a foreign person, the plaintiff or the plaintiff's attorney shall provide to:

   1. (1) each of the other parties in the civil proceeding; and

   2. (2) each insurer that has a duty to defend another party in the civil proceeding;

      written notice that the plaintiff has entered into a commercial litigation financing agreement.

3. (c) A plaintiff or the plaintiff's attorney shall provide the written notice required by subsection (b) within a reasonable time after the date on which the commercial litigation financing agreement was executed.

As added by P.L.140-2024, SEC.2.