§ 9-32-11-14 — Liability coverage

Indiana § 9-32-11-14

• Jurisdiction: Indiana
• Title 9: MOTOR VEHICLES
• Art. 32: DEALER SERVICES
• Ch. 11: Regulation of Vehicle Merchandising

Text

At the time of each license application and
upon request of the secretary, a person licensed under this article shall
furnish evidence that the person:
(1) has garage liability insurance of at least five hundred thousand
dollars ($500,000) covering the person's established place of
business;
(2) is a member of a risk retention group that is regulated by the
Indiana department of insurance; or
(3) has a liability insurance policy or garage liability policy
covering the person's established place of business with limits of
at least the following:
(A) One hundred thousand dollars ($100,000) for bodily injury
to one (1) person.
(B) Three hundred thousand dollars ($300,000) for bodily
injury for each accident.
(C) Fifty thousand dollars ($50,000) for property damage.
The minimum amounts required by this section must be maintained
during the time the license is valid.

Legislative History

As added by P.L.92-2013, SEC.78. Amended by P.L.174-2016, SEC.92; P.L.20-2022, SEC.14.