Indiana § 9-25-4-4 When financial responsibility in effect; necessary provisions in and
approval of insurance policies

Indiana Statutes

§ 9-25-4-4 — When financial responsibility in effect; necessary provisions in and approval of insurance policies

Indiana·Title 9 MOTOR VEHICLES·Art. 25 FINANCIAL RESPONSIBILITY

(a)For the purposes of this article, financial responsibility is in effect with respect to a motor vehicle if:

(1)a motor vehicle liability insurance policy issued with respect to the motor vehicle or operator under IC 9-25-5-7;

(2)a bond executed with respect to the motor vehicle under section 7 of this chapter; or

(3)the status of the owner or operator of the motor vehicle as a self-insurer, as recognized by the bureau through the issuance of a certificate of self-insurance under section 11 of this chapter; provides the ability to respond in damages for liability arising out of the ownership, maintenance, or use of the motor vehicle in amounts at least equal to those set forth in section 5 or 6 of this chapter.

(b)A motor vehicle liability policy under this article must contain the

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(a) For the purposes of this article, financial
responsibility is in effect with respect to a motor vehicle if:
(1) a motor vehicle liability insurance policy issued with respect
to the motor vehicle or operator under IC 9-25-5-7;
(2) a bond executed with respect to the motor vehicle under
section 7 of this chapter; or
(3) the status of the owner or operator of the motor vehicle as a
self-insurer, as recognized by the bureau through the issuance of
a certificate of self-insurance under section 11 of this chapter;
provides the ability to respond in damages for liability arising out of the
ownership, maintenance, or use of the motor vehicle in amounts at least
equal to those set forth in section 5 or 6 of this chapter.
(b) A motor vehicle liability policy under this article must contain
the terms, conditions, and provisions required by statute and must be
approved by the state insurance commissioner.
[Pre-1991 Recodification Citation: 9-2-1.5-2.]

Indiana § 9-25-4-4 (When financial responsibility in effect; necessary provisions in and approval of insurance policies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.