A third party may not:

1. (1) pay damages awarded under this chapter (or IC 34-1-70 before its repeal); or

2. (2) provide a defense or money for a defense;

   on behalf of an insured under a contract of insurance or indemnification.

   [Pre-1998 Recodification Citation: 34-1-70-13.]

As added by P.L.1-1998, SEC.19.