Indiana § 9-32-11-14 Liability coverage

Indiana Statutes

§ 9-32-11-14 — Liability coverage

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

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 require

Free access — add to your briefcase to read the full text and ask questions with AI

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.