Statutes, codes, and regulations
Indiana Administrative Code
Title 760 - DEPARTMENT OF INSURANCEArticle 1 - GENERAL PROVISIONS
Rule 760 IAC 1-75 - School Trusts
Section 760 IAC 1-75-13 - Liability of risk pool participants

760 Ind. Admin. Code 1-75-13

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Current through December 12, 2024
Section 760 IAC 1-75-13 - Liability of risk pool participants

Authority: IC 20-42.5-2-1

Affected: IC 20-42.5-2-1

Sec. 13.

(a) The liability of each risk pool participant for the obligations of the risk pool is joint and several.
(b) Each risk pool participant has a contingent assessment liability under this section for payment of actual losses and expenses incurred during participation in the risk pool.
(c) Each participation agreement issued by the risk pool must contain a statement of the contingent liability of risk pool participants as required by section 14 of this rule.

760 IAC 1-75-13

Department of Insurance; 760 IAC 1-75-13; filed Apr 14, 2008, 10:28 a.m.: 20080514-IR-760070144FRA
Readopted filed 11/17/2014, 3:39 p.m.: 20141217-IR-760140197RFA
Readopted filed 11/24/2020, 10:27 a.m.: 20201223-IR-760200464RFA