Indiana § 25-28.5-2-5 Claims exceeding dollar limitations; joinder of claims; payment of
claims; insufficient funds

Indiana Statutes

§ 25-28.5-2-5 — Claims exceeding dollar limitations; joinder of claims; payment of claims; insufficient funds

Indiana § 25-28.5-2-5

Title 25PROFESSIONS AND OCCUPATIONS

Art. 28.5PLUMBERS

Ch. 2Plumbers Recovery Fund

This text of Indiana § 25-28.5-2-5 (Claims exceeding dollar limitations; joinder of claims; payment of claims; insufficient funds) 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 § 25-28.5-2-5 (2026).

Text

(a)If the payment in full of two (2) or more pending valid claims that have been filed by aggrieved persons against a single plumbing contractor would exceed the fifty thousand dollar ($50,000) limit set forth in section 4 of this chapter, the fifty thousand dollars ($50,000) shall be distributed among the aggrieved persons in the ratio that their respective claims bear to the aggregate of all valid claims or in any other manner that the plumbing commission may determine equitable. This money shall be distributed among the persons entitled to share in it without regard to the order of priority in which their respective judgments have been obtained or their claims have been filed.

(b)The plumbing commission shall consider pending applications filed by all claimants and prospective claiman

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(a) If the payment in full of two (2) or more
pending valid claims that have been filed by aggrieved persons against
a single plumbing contractor would exceed the fifty thousand dollar
($50,000) limit set forth in section 4 of this chapter, the fifty thousand
dollars ($50,000) shall be distributed among the aggrieved persons in
the ratio that their respective claims bear to the aggregate of all valid
claims or in any other manner that the plumbing commission may
determine equitable. This money shall be distributed among the
persons entitled to share in it without regard to the order of priority in
which their respective judgments have been obtained or their claims
have been filed.
(b) The plumbing commission shall consider pending applications
filed by all claimants and prospective claimants against a single
plumbing licensee jointly to the end that the respective rights of all the
claimants to the plumbing commission may be equitably adjudicated
and settled.
(c) On June 30 and December 31 of each year, the plumbing
commission shall identify each claim that the plumbing commission
orders to be paid during the six (6) month period that ended on that
day. The plumbing commission shall pay the part of each claim that is
so identified within fifteen (15) days after the end of the six (6) month
period in which the claim is ordered paid. However, if the balance in
the fund is insufficient to pay the full payable amount of each claim
that is ordered to be paid during a six (6) month period, the plumbing
commission shall pay a prorated portion of each claim that is ordered
to be paid during the period. Any part of the payable amount of a claim
left unpaid due to the prorating of payments under this subsection must
be paid (subject to the fifty thousand dollar ($50,000) limit described
in section 4 of this chapter) before the payment of claims ordered to be
paid during the following six (6) month period.