Indiana § 4-13-1-17 Insurance; loss or damage to property

Indiana Statutes

§ 4-13-1-17 — Insurance; loss or damage to property

Indiana·Art. 13 ADMINISTRATIVE MANAGEMENT OF STATE·Ch. 1 Department of Administration

(a)A state agency may not purchase insurance to cover loss or damage to property.

(b)This section does not prohibit any of the following:

(1)The purchase of title insurance by a state agency.

(2)The purchase of insurance by a body corporate and politic.

(3)The purchase of insurance to meet requirements for receipt of federal funds by a state agency.

(4)The requiring of contractors to carry insurance.

(5)The purchase of insurance to cover loss or damage to real property owned by the Indiana public retirement system.

(6)The purchase of insurance to cover loss or destruction of money or securities under the control of the treasurer of state.

(7)The purchase of insurance by a state agency to cover loss or damage to exhibits, artifacts, or other materials that are loaned to the agency.

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(a) A state agency may not purchase
insurance to cover loss or damage to property.
(b) This section does not prohibit any of the following:
(1) The purchase of title insurance by a state agency.
(2) The purchase of insurance by a body corporate and politic.
(3) The purchase of insurance to meet requirements for receipt of
federal funds by a state agency.
(4) The requiring of contractors to carry insurance.
(5) The purchase of insurance to cover loss or damage to real
property owned by the Indiana public retirement system.
(6) The purchase of insurance to cover loss or destruction of
money or securities under the control of the treasurer of state.
(7) The purchase of insurance by a state agency to cover loss or
damage to exhibits, artifacts, or other materials that are loaned to
the agency.
(8) The purchase of casualty and liability insurance for foster
parents (as defined in IC 27-1-30-4) on a group basis.
(9) The purchase of personal liability insurance under IC 4-13-20.
(10) The purchase of insurance to cover the loss and damages
under IC 15-17 related to a prevalent animal disease incident.

Indiana § 4-13-1-17 (Insurance; loss or damage to property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.24-1985, SEC.2. Amended by P.L.14-1986, SEC.1; P.L.28-1987, SEC.1; P.L.29-1987, SEC.1; P.L.28-1989, SEC.1; P.L.35-2012, SEC.19; P.L.223-2013, SEC.1; P.L.67-2019, SEC.1.