Section 28-7-5-5 - Initial and renewal applications; fees; financial statement; proof of bond and insurance; standards; tax warrant list(a) The initial application and any renewal application shall be accompanied by a fee fixed by the department under IC 28-11-3-5. The initial application and any renewal application must include a financial statement that: (1) is prepared in accordance with standards adopted by the director;(2) indicates the applicant meets minimum financial responsibility standards adopted by the director; and(3) is prepared by a third party acceptable to the director.(b) The initial application and any renewal application must be accompanied by proof that the applicant: (1) has executed a bond in accordance with section 5.5 of this chapter and payable to the state, in an amount determined by the director; and(2) has obtained property and casualty insurance coverage, in an amount determined by the director; in accordance with standards adopted by the director.
(c) Any standards adopted by the director and described in subsection (a)(1), (a)(2), or (b) must be made available:(1) for public inspection and copying at the offices of the department under IC 5-14-3; and(2) electronically through the computer gateway administered by the office of technology established by IC 4-13.1-2-1.(d) If the department of state revenue notifies the department that a person is on the most recent tax warrant list, the department shall not issue or renew the person's license until:(1) the person provides to the department a statement from the department of state revenue that the person's tax warrant has been satisfied; or(2) the department receives a notice from the commissioner of the department of state revenue under IC 6-8.1-8-2(k).Amended by P.L. 216-2013, SEC. 35, eff. 7/1/2014.Amended by P.L. 172-2011, SEC. 133, eff. 1/1/2012.(Formerly: Acts 1935, c.195, s.5.) As amended by P.L. 14-1992, SEC.134; P.L. 42-1993, SEC.75; P.L. 45-1995, SEC.23; P.L. 80-1998, SEC.12; P.L. 10-2006, SEC.40 and P.L. 57-2006, SEC.40.