Indiana § 13-11-2-198 "Self-insurance"

Indiana Statutes

§ 13-11-2-198 — "Self-insurance"

Indiana·Art. 11 DEFINITIONS

"Self insurance", for purposes of IC 13-22-9, means the practice of meeting expenses when those expenses are incurred with financial resources that:

(1)were previously set aside for the purpose of meeting those expenses; or

(2)are not committed to another purpose; rather than through a trust fund, a surety bond, a letter of credit, or an insurance policy. [Pre-1996 Recodification Citation: 13-7-32-1.5.]

Free access — add to your briefcase to read the full text and ask questions with AI

"Self insurance", for purposes of IC 13-22-9, means the practice of meeting expenses when those expenses
are incurred with financial resources that:
(1) were previously set aside for the purpose of meeting those
expenses; or
(2) are not committed to another purpose;
rather than through a trust fund, a surety bond, a letter of credit, or an
insurance policy.
[Pre-1996 Recodification Citation: 13-7-32-1.5.]

Indiana § 13-11-2-198 ("Self-insurance") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.