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
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