§ 20-40-12-10 — Incurred claim basis

(a) A self-insurance program must be
written on an incurred claims basis.
(b) The governing body must fund a self-insurance program as
described in section 4(2) of this chapter to include coverage for all
eligible incurred claims.
(c) Subject to this chapter and notwithstanding any other law:
(1) contributions made on behalf of individuals covered under the
self-insurance program, including employee and employer
contributions; and
(2) transfers or allocations of funds by a governing body;
for coverage for health care services under a self-insurance program
must be directly deposited into the fund and may not be transferred to
other accounts or expended for any other purpose.
[Pre-2006 Recodification Citation: 21-2-19-5.]

Legislative History

As added by P.L.2-2006, SEC.163.