329 Ind. Admin. Code 10-2-68

Current through May 29, 2024
Section 329 IAC 10-2-68 - "Face amount" defined

Authority: IC 13-14-8-7; IC 13-15-2-1; IC 13-19-3-1

Affected: IC 13-30-2; IC 25-31; IC 36-9-30

Sec. 68.

"Face amount" means the total amount the insurer is obligated to pay under the insurance policy. Actual payments by the insurer will not change the face amount, although the insurer's future liability will be lowered by the amount of the payments.

329 IAC 10-2-68

Solid Waste Management Board; 329 IAC 10-2-68; filed Mar 14, 1996, 5:00 p.m.: 19 IR 1772