Section 9-25-4-5 - Minimum amounts of financial responsibility Except as provided in section 6 of this chapter, the minimum amounts of financial responsibility are as follows:
(1) Subject to the limit set forth in subdivision (2), twenty-five thousand dollars ($25,000) for bodily injury to or the death of one (1) individual.(2) Fifty thousand dollars ($50,000) for bodily injury to or the death of two (2) or more individuals in any one (1) accident.(3) Before July 1, 2018, ten thousand dollars ($10,000) for damage to or the destruction of property in one (1) accident. Beginning July 1, 2018, twenty-five thousand dollars ($25,000) for damage to or the destruction of property in one (1) accident.Pre-1991 Recodification Citation: 9-2-1.5-3.
Amended by P.L. 24-2017,SEC. 2, eff. 7/1/2017.Amended by P.L. 124-2016, SEC. 2, eff. 7/1/2016.As added by P.L. 2-1991, SEC.13.