Indiana § 8-21-3-8 "Proof of financial responsibility"

Indiana Statutes

§ 8-21-3-8 — "Proof of financial responsibility"

Indiana·Art. 21 AERONAUTICS·Ch. 3 Aircraft Financial Responsibility Act

For purposes of this article, "proof of financial responsibility" means proof of the ability to satisfy a claim for damages arising from liability for the ownership, maintenance, or use of an aircraft, in the following amounts:

(1)One hundred thousand dollars ($100,000) for the bodily injury or death of one (1) person.

(2)Two hundred thousand dollars ($200,000) for the bodily injury or death of two (2) or more persons in any one (1) accident.

(3)One hundred thousand dollars ($100,000) for damage to property in any one (1) accident. Formerly: Acts 1951, c.267, s.8. As amended by P.L.102-2015, SEC.4.

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For purposes of this article, "proof of financial
responsibility" means proof of the ability to satisfy a claim for damages
arising from liability for the ownership, maintenance, or use of an
aircraft, in the following amounts:
(1) One hundred thousand dollars ($100,000) for the bodily injury
or death of one (1) person.
(2) Two hundred thousand dollars ($200,000) for the bodily injury
or death of two (2) or more persons in any one (1) accident.
(3) One hundred thousand dollars ($100,000) for damage to
property in any one (1) accident.
Formerly: Acts 1951, c.267, s.8. As amended by P.L.102-2015,
SEC.4.

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