329 IAC 10-2-28
329 IAC 10-2-28 "Certificate of insurance" defined
Cite as Ind. Admin. Code tit. 329, r. 10-2-28
Sec. 28. "Certificate of insurance" means a contractual agreement under which an insurer agrees to compensate an insured person for losses.
By purchasing insurance, the insured person transfers financial risk to the insurer.