1. (a) An insurer, by or through its employees, affiliates, insurance producers, or third-party representatives, or an insurance producer acting on the insurance producer's own behalf, may offer or provide, for free or at a discounted price, value-added products or services:

   1. (1) that relate to or are provided in conjunction with a policy of insurance; and

   2. (2) that:

      1. (A) are primarily intended to:

         1. (i) educate about;
         2. (ii) assess;
         3. (iii) monitor;
         4. (iv) mitigate;
         5. (v) reduce;
         6. (vi) control; or

         7. (vii) prevent;

            risk, severity, or frequency of loss to persons or to persons' lives, health, or property;

      2. (B) are primarily designed to enhance the health, financial wellness, or safety of persons or of persons' lives, health, or property; or
      3. (C) have a nexus to or enhance the value of the insurance benefits of the policy.
2. (b) Offering or providing products or services under this section is not a violation of IC 27-1-20-30 , IC 27-1-22-18 , or IC 27-4-1-4 (a)(8).

As added by P.L.196-2021, SEC.33. Amended by P.L.226-2023, SEC.18.