Indiana Statutes
§ 27-2-15-6 — Claims against set aside; use of funds
Indiana·Title 27 INSURANCE·Art. 2 POWERS AND DUTIES OF INSURERS·Ch. 15 Available Insurance Proceeds Set Aside
(a)Upon a judgment being rendered under IC 36-7-9-13(c) or IC 36-7-9-13(d), the municipality is entitled to the
available insurance proceeds set aside only:
(1)to the extent of the costs set forth in IC 36-7-9-12; and
(2)for demolition and rehabilitation expenses certified under
section 5(b) of this chapter.
Available insurance proceeds set aside under section 5 of this chapter
may not be used to pay the costs of fire service, police service, or any
other service provided in the normal course of the municipality's
business.
(b)All claims by the municipality against the available insurance
proceeds must be made within one (1) year after the date of the fire or
explosion or within one (1) year after the final outcome of a case or
appeal initiated under IC 36-7-9, whichever is later. Proc
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Legislative History
As added by P.L.247-1989, SEC.2. Amended by P.L.238-2013,
SEC.9.
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Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10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"