1. (a) As used in this chapter, "policy" means a policy or certificate issued in Indiana after June 30, 2015, that provides the kind of insurance described in Class 1 of IC 27-1-5-1 .

2. (b) The term does not include the following:

   1. (1) A policy or certificate that provides a death benefit under:

      1. (A) an employee benefit plan that is subject to the federal Employee Retirement Income Security Act of 1974 (29 U.S.C. 1001 et seq.); or
      2. (B) a federal employee benefit program.
   2. (2) A policy or certificate that is used to fund a preneed funeral contract or prearrangement.
   3. (3) A policy or certificate of credit life or accidental death insurance.
   4. (4) A policy issued to a group policy owner for which the insurer does not provide record keeping services.

As added by P.L.90-2014, SEC.1. Amended by P.L.166-2015, SEC.3.