§ 9-25-2-3 — "Proof of financial responsibility"

Indiana § 9-25-2-3

• Jurisdiction: Indiana
• Title 9: MOTOR VEHICLES
• Art. 25: FINANCIAL RESPONSIBILITY
• Ch. 2: Definitions

Text

"Proof of financial responsibility" means proof
of ability to respond in damages for each motor vehicle registered by
a person for liability that arises out of the ownership, maintenance, or
use of the motor vehicle in the following amounts:
(1) Twenty-five thousand dollars ($25,000) because of bodily
injury to or death of any one (1) person.
(2) Subject to the limit in subdivision (1), fifty thousand dollars
($50,000) because of bodily injury to or death of two (2) or more
persons in any one (1) accident.
(3) Before July 1, 2018, ten thousand dollars ($10,000) because
of injury to or destruction of property in any one (1) accident.
Beginning July 1, 2018, twenty-five thousand dollars ($25,000)
because of injury to or destruction of property in any one (1)
accident.
[Pre-1991 Recodification Citation: 9-2-1-6(b) part.]

Legislative History

As added by P.L.2-1991, SEC.13. Amended by P.L.124-2016, SEC.1; P.L.24-2017, SEC.1.