Indiana § 27-1-29.1-20 Implementing rules; coverage limitations; commission powers; rules
governing relinquishment of membership in fund

Indiana Statutes

§ 27-1-29.1-20 — Implementing rules; coverage limitations; commission powers; rules governing relinquishment of membership in fund

Indiana § 27-1-29.1-20

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 29.1Political Subdivision Catastrophic Liability Fund

This text of Indiana § 27-1-29.1-20 (Implementing rules; coverage limitations; commission powers; rules governing relinquishment of membership in fund) 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 § 27-1-29.1-20 (2026).

Text

(a)The commission shall adopt rules under IC 4-22-2 to implement this chapter.

(b)The commission, in accordance with the rules adopted under subsection (a), may, in whole or in part, conform or limit the coverage provided to a member of the fund under this chapter (as described in the coverage document issued to the member by the commission) with the provisions of insurance policies providing underlying coverage to the fund member.

(c)In accordance with the rules adopted under subsection (a), the commission may provide, to a member of the fund that is not a member of the political subdivision risk management fund under IC 27-1-29, coverage of a liability that exceeds the amount of one million dollars ($1,000,000) but that is subject to reduction by exhaustion of the aggregate limits of

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(a) The commission shall adopt rules
under IC 4-22-2 to implement this chapter.
(b) The commission, in accordance with the rules adopted under
subsection (a), may, in whole or in part, conform or limit the coverage
provided to a member of the fund under this chapter (as described in
the coverage document issued to the member by the commission) with
the provisions of insurance policies providing underlying coverage to
the fund member.
(c) In accordance with the rules adopted under subsection (a), the
commission may provide, to a member of the fund that is not a member
of the political subdivision risk management fund under IC 27-1-29,
coverage of a liability that exceeds the amount of one million dollars
($1,000,000) but that is subject to reduction by exhaustion of the
aggregate limits of liability in the fund member's underlying coverage.
(d) In accordance with the rules adopted under subsection (a), the
commission may provide, to a member of the fund that is also a
member of the political subdivision risk management fund under IC 27-1-29, coverage of liabilities for which no coverage is provided
under IC 27-1-29.
(e) Except as otherwise specifically provided in this chapter, the
commission has the same powers in the administration of the fund as
it has in the administration of the political subdivision risk
management fund under IC 27-1-29-7(b). A rule adopted by the
commission to establish the procedure by which a political subdivision
can withdraw from membership in the fund may not provide that a
political subdivision continues to be a member of the fund more than
twelve (12) months after the political subdivision gives notice to the
commissioner of its intention to relinquish its membership.