Indiana § 9-25-7-1 Insolvency of insurer formerly authorized and qualified to do business
in Indiana

Indiana Statutes

§ 9-25-7-1 — Insolvency of insurer formerly authorized and qualified to do business in Indiana

Indiana·Title 9 MOTOR VEHICLES·Art. 25 FINANCIAL RESPONSIBILITY·Ch. 7 Miscellaneous Provisions

The bureau may not suspend or revoke the driver's license, driving privileges, or registration plates of the owner or operator of a motor vehicle who has been involved in a motor vehicle accident resulting in bodily injury or death or in damage to property in excess of two thousand five hundred dollars ($2,500) solely because of failure to provide evidence of financial responsibility whenever the:

(1)owner or operator was insured by an insurance company for public liability and property damage at the time of the accident; and

(2)insurance company becomes insolvent after the accident or within fifteen (15) days before the accident; if the insurance company was authorized and qualified to do business in Indiana on the effective date of the policy. [Pre-1991 Recodification Citation: 9-2-2-1

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The bureau may not suspend or revoke the
driver's license, driving privileges, or registration plates of the owner
or operator of a motor vehicle who has been involved in a motor
vehicle accident resulting in bodily injury or death or in damage to
property in excess of two thousand five hundred dollars ($2,500) solely
because of failure to provide evidence of financial responsibility
whenever the:
(1) owner or operator was insured by an insurance company for
public liability and property damage at the time of the accident;
and
(2) insurance company becomes insolvent after the accident or
within fifteen (15) days before the accident;
if the insurance company was authorized and qualified to do business
in Indiana on the effective date of the policy.
[Pre-1991 Recodification Citation: 9-2-2-1.]

Indiana § 9-25-7-1 (Insolvency of insurer formerly authorized and qualified to do business in Indiana) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.