Indiana § 13-23-8-6 Payment of claims if ELTF balance is low

Indiana Statutes

§ 13-23-8-6 — Payment of claims if ELTF balance is low

Indiana § 13-23-8-6

Art. 23UNDERGROUND STORAGE TANKS

Ch. 8Use of Money in Excess Liability Fund

This text of Indiana § 13-23-8-6 (Payment of claims if ELTF balance is low) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 13-23-8-6 (2026).

Text

(a)If the balance in the ELTF drops below twenty-five million dollars ($25,000,000), the administrator shall pay claims according to the priority payment system established by rules adopted by the financial assurance board under IC 13-23-11-7(a)(1)(D).

(b)If the balance in the ELTF is insufficient to pay:

(1)ELTF claims; and

(2)necessary personnel and administrative expenses associated with the ELTF; the administrator of the ELTF shall cease paying claims, and claimants may not use the ELTF to satisfy any financial responsibility requirements. [Pre-1996 Recodification Citation: 13-7-20-33(f).]

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(a) If the balance in the ELTF drops below
twenty-five million dollars ($25,000,000), the administrator shall pay
claims according to the priority payment system established by rules
adopted by the financial assurance board under IC 13-23-11-7(a)(1)(D).
(b) If the balance in the ELTF is insufficient to pay:
(1) ELTF claims; and
(2) necessary personnel and administrative expenses associated
with the ELTF;
the administrator of the ELTF shall cease paying claims, and claimants
may not use the ELTF to satisfy any financial responsibility
requirements.
[Pre-1996 Recodification Citation: 13-7-20-33(f).]