§ 26-4-5-2 — Reentry into program; conditions; date coverage commences

Indiana § 26-4-5-2

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 4: GRAIN INDEMNITY PROGRAM
• Ch. 5: Withdrawal From and Reentry Into the Grain Indemnity

Text

(a) A producer who has received a refund of a
producer premium under section 1 of this chapter after June 30, 2015,
and has made a request for reentry may reenter the grain indemnity
program if the following conditions are satisfied:
(1) The producer petitions the board for approval of reentry into
the grain indemnity program by hand delivering or sending by
certified mail, return receipt requested, a written request in a form
required by the board.
(2) The board reviews the producer's petition for reentry and
approves the petition.
(3) The producer pays into the fund:
(A) all previous producer premium refunds; and
(B) interest on the refunds;
as determined by the board.
(b) A producer that reenters the grain indemnity program under
subsection (a)(3) is protected by the program from the time all previous
producer premium refunds that were claimed after June 30, 2015, and
interest on the refunds, are paid to the fund.
(c) A producer who reenters the grain indemnity program may not
make a claim on the fund that arises from the revocation of a license
that occurs until six (6) months after the producer meets the
requirements for reentry described in subsection (a).

Legislative History

As added by P.L.250-1995, SEC.1. Amended by P.L.145-2017, SEC.19; P.L.114-2025, SEC.71.