§ 28-7-5-5 — Initial and renewal applications; fees; financial statement; proof of bond and insurance; standards; tax warrant list

(a) The initial application and any renewal
application shall be accompanied by a fee fixed by the department
under IC 28-11-3-5. The initial application and any renewal application
must include a financial statement that:
(1) is prepared in accordance with standards adopted by the
director;
(2) indicates the applicant meets minimum financial responsibility
standards adopted by the director; and
(3) is prepared by a third party acceptable to the director.
(b) The initial application and any renewal application must be
accompanied by proof that the applicant:
(1) has executed a bond in accordance with section 5.5 of this
chapter and payable to the state, in an amount determined by the
director; and
(2) has obtained property and casualty insurance coverage, in an
amount determined by the director;
in accordance with standards adopted by the director.
(c) Any standards adopted by the director and described in
subsection (a)(1), (a)(2), or (b) must be made available:
(1) for public inspection and copying at the offices of the
department under IC 5-14-3; and
(2) electronically through the computer gateway administered by
the office of technology established by IC 4-13.1-2-1.
(d) If the department of state revenue notifies the department that a
person is on the most recent tax warrant list, the department shall not
issue or renew the person's license until:
(1) the person provides to the department a statement from the
department of state revenue that the person's tax warrant has been
satisfied; or
(2) the department receives a notice from the commissioner of the
department of state revenue under IC 6-8.1-8-2(k).
Formerly: Acts 1935, c.195, s.5. As amended by P.L.14-1992,
SEC.134; P.L.42-1993, SEC.75; P.L.45-1995, SEC.23; P.L.80-1998,
SEC.12; P.L.10-2006, SEC.40 and P.L.57-2006, SEC.40;
P.L.172-2011, SEC.133; P.L.216-2013, SEC.35.