Section 9-32-11-14 - Liability coverageAt the time of each license application and upon request of the secretary, a person licensed under this article shall furnish evidence that the person:
(1) has garage liability insurance of at least five hundred thousand dollars ($500,000) covering the person's established place of business;(2) is a member of a risk retention group that is regulated by the Indiana department of insurance; or(3) has a liability insurance policy or garage liability policy covering the person's established place of business with limits of at least the following:(A) One hundred thousand dollars ($100,000) for bodily injury to one (1) person.(B) Three hundred thousand dollars ($300,000) for bodily injury for each accident.(C) Fifty thousand dollars ($50,000) for property damage. The minimum amounts required by this section must be maintained during the time the license is valid.
Amended by P.L. 20-2022,SEC. 14, eff. 7/1/2022.Amended by P.L. 174-2016, SEC. 92, eff. 7/1/2016.Added by P.L. 92-2013, SEC. 78, eff. 7/1/2013.