Ind. Code § 13-11-2-198

Current through P.L. 171-2024

Section 13-11-2-198 - "Self-insurance"

"Self insurance", for purposes of IC 13-22-9, means the practice of meeting expenses when those expenses are incurred with financial resources that:

(1) were previously set aside for the purpose of meeting those expenses; or

(2) are not committed to another purpose;

rather than through a trust fund, a surety bond, a letter of credit, or an insurance policy.

IC 13-11-2-198

Pre-1996 Recodification Citation: 13-7-32-1.5.

As added by P.L. 1-1996, SEC.1.