Indiana § 27-1-29-29 Expiration of chapter; certification by commissioner

Indiana Statutes

§ 27-1-29-29 — Expiration of chapter; certification by commissioner

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 29 Indiana Political Subdivision Risk Management

(a)Except as provided in subsection (b), this chapter expires when the insurance commissioner certifies to the executive director of the legislative services agency that:

(1)the fund has no remaining members;

(2)all payments of liabilities of former members of the fund have been determined and finalized; and

(3)the balance in the fund has been distributed to former members of the fund in accordance with section 28(c)(4) of this chapter.

(b)This chapter does not expire under subsection (a) unless IC 27-1-29.1:

(1)has previously expired under IC 27-1-29.1-24; or

(2)expires under IC 27-1-29.1-24 at the same time as this chapter expires under subsection (a)(1) through (a)(3).

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(a) Except as provided in subsection (b), this
chapter expires when the insurance commissioner certifies to the
executive director of the legislative services agency that:
(1) the fund has no remaining members;
(2) all payments of liabilities of former members of the fund have
been determined and finalized; and
(3) the balance in the fund has been distributed to former
members of the fund in accordance with section 28(c)(4) of this
chapter.
(b) This chapter does not expire under subsection (a) unless IC 27-1-29.1:
(1) has previously expired under IC 27-1-29.1-24; or
(2) expires under IC 27-1-29.1-24 at the same time as this chapter
expires under subsection (a)(1) through (a)(3).

Indiana § 27-1-29-29 (Expiration of chapter; certification by commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.