Section 7.1-3-1-6.4 - Insurance coverage requirements(a) This section applies to the holder of one (1) or more of the following: (2) A craft manufacturer's permit.(b) A permit holder must maintain during the permit term:(1) a liquor liability insurance policy that has total coverage of at least five hundred thousand dollars ($500,000); or(2) a liquor liability endorsement:(A) to a general liability insurance policy; and(B) that has total coverage of at least five hundred thousand dollars ($500,000). However, the insurance coverage requirements do not apply while a permit is on deposit under IC 7.1-3-1.1.
(c) If an establishment operates under:(1) a retailer's permit; and(2) a craft manufacturer's permit; the insurance coverage requirements under subsection (b) apply to the establishment as a whole. The permit holder is not required to maintain the total insurance coverage requirements for each permit that is issued to the establishment.
(d) A permit holder must provide the commission with proof of insurance coverage: (1) to apply for or renew a permit;(2) before the commission may make a permit active that is on deposit under IC 7.1-3-1.1; or(3) at any time, upon the request of the commission.(e) The commission may deny, suspend, revoke, or not renew a permit, if the permit holder fails to maintain the insurance coverage required under this section.(f) After June 30, 2024, the commission may not:(1) issue, renew, or transfer a permit; or(2) make a permit active that is on deposit under IC 7.1-3-1.1; unless the permit applicant or permit holder complies with this section. This subsection expires July 1, 2027.
(g) A permit holder that holds an active permit issued before July 1, 2024, must comply with this section not later than January 1, 2025, or the commission may suspend or revoke the permit. This subsection expires July 1, 2027.Added by P.L. 167-2024,SEC. 4, eff. 7/1/2024.