Indiana Code
Chapter 29.1. Political Subdivision Catastrophic Liability Fund
27-1-29.1-12. Liabilities of Members That Are or Are Not Also Members of Political Subdivision Risk Management Fund; Conditional Payment

Sec. 12. (a) A liability of a member of the fund that is not a member of the political subdivision risk management fund under IC 27-1-29 does not qualify for partial payment under this chapter unless the total amount of the liability exceeds:
(1) one million dollars ($1,000,000); or
(2) another sum that is:
(A) greater than one million dollars ($1,000,000); and
(B) approved by the commission as a provision of the fund member's coverage because the fund member has underlying coverage with limits of liability that exceed one million dollars ($1,000,000).
(b) A liability of a member of the fund that is also a member of the political subdivision risk management fund under IC 27-1-29 does not qualify for partial payment under this chapter unless the amount of the liability exceeds the amount of liability payable by the commission under IC 27-1-29 under the terms of the coverage document that is issued to the fund member and applicable to the liability.
As added by P.L.272-1987, SEC.7.

Structure Indiana Code

Indiana Code

Title 27. Insurance

Article 1. Department of Insurance

Chapter 29.1. Political Subdivision Catastrophic Liability Fund

27-1-29.1-1. "Commission" Defined

27-1-29.1-2. "Fund" Defined

27-1-29.1-3. "Liability" Defined

27-1-29.1-4. "Member" Defined

27-1-29.1-5. "Political Subdivision" Defined

27-1-29.1-6. "Underlying Coverage" Defined

27-1-29.1-7. Establishment of Fund; Purpose; Administration; Expenses; Depositories; Investment

27-1-29.1-8. Reserve Account; Issuance of Bonds to Establish Account; Use of Funds

27-1-29.1-9. Membership Eligibility; Rights and Duties

27-1-29.1-10. Liabilities Qualifying for Partial Payment From Fund; Notice of Claim

27-1-29.1-11. Preexisting Liabilities Qualifying for Partial Payment

27-1-29.1-12. Liabilities of Members That Are or Are Not Also Members of Political Subdivision Risk Management Fund; Conditional Payment

27-1-29.1-13. Liability Partial Payment Determination; Formula

27-1-29.1-14. Excess Coverage Provided

27-1-29.1-15. Single or Installment Payments; Limits

27-1-29.1-16. Defense of Claims; Expenses

27-1-29.1-17. Biannual Recognition of Liabilities; Payment; Proration in Event of Insufficient Funds

27-1-29.1-18. Punitive Damages; Bodily Injury or Property Damage; Installment Payments; Structured Settlements

27-1-29.1-19. Notice of Intent to Become Member of Fund

27-1-29.1-20. Implementing Rules; Coverage Limitations; Commission Powers; Rules Governing Relinquishment of Membership in Fund

27-1-29.1-21. Relinquishment of Membership in Fund; Prerelinquishment Liabilities; Assessments

27-1-29.1-22. Assessments on Members of Fund