Indiana Statutes
§ 27-1-29-5 — Creation; purpose; membership; appointment; term; qualifications; vacancies; per diem and expenses; tax exempt property of commission
Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 29 Indiana Political Subdivision Risk Management
(a)The Indiana political subdivision risk
management commission is created as a separate body corporate and
politic, constituting an instrumentality of the state for the public
purposes set out in this chapter, but not a state agency. The commission
is separate from the state in its corporate and sovereign capacity. The
purpose of the commission is aiding political subdivisions in protecting
themselves against liabilities. The commission is not subject to IC 27-6-8, and the Indiana guaranty association created by IC 27-6-8-5 has
no obligation to insureds or claimants of the commission.
(b)The commission consists of the insurance commissioner, who
shall serve as chairman, and nine (9) other commission members.
Except for the insurance commissioner, the members of the
commission shall be a
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Indiana § 27-1-29-5 (Creation; purpose; membership; appointment; term; qualifications; vacancies; per diem and expenses; tax exempt property of commission) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Legislative History
As added by P.L.162-1986, SEC.1. Amended by P.L.272-1987,
SEC.1; P.L.53-2014, SEC.141; P.L.46-2023, SEC.1.
Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"