Sec. 22. (a) The department may, in its discretion, upon the application of such a person issue a certificate of self-insurance when it is reasonably satisfied that such person is possessed of and will continue to be possessed of financial ability to respond to judgments, as hereinbefore described, obtained against such person, arising out of the ownership, maintenance, use or operation of any such person's aircraft.
(b) Upon not less than five (5) days' notice and a hearing pursuant to such notice, the department may, in its discretion and upon reasonable grounds, cancel a certificate of self-insurance.
Formerly: Acts 1951, c.267, s.24. As amended by Acts 1980, P.L.74, SEC.333.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 3. Aircraft Financial Responsibility Act
8-21-3-2. Proof of Financial Responsibility
8-21-3-5. Injunction of Operation of Aircraft
8-21-3-6. Payment From Security Deposit; Information Regarding Security
8-21-3-8. "Proof of Financial Responsibility"
8-21-3-10. Filing of Insurance Certificates
8-21-3-11. Default of Foreign Insurance Carrier
8-21-3-12. "Aircraft Liability Policy" Defined
8-21-3-13. Certificate of Issuance of Insurance Policy
8-21-3-14. Notice of Cancellation
8-21-3-15. Bond Giving Proof of Financial Responsibility
8-21-3-16. Deposit With Treasurer Giving Proof of Financial Responsibility
8-21-3-17. Substitution of Proof of Financial Responsibility
8-21-3-18. Inadequate Security; Requiring Alternative Security
8-21-3-19. Cancellation; Waiver of Proof of Financial Responsibility
8-21-3-19.5. Aircraft Rental; Notice of Insurance Coverage
8-21-3-20. Violations; Penalties
8-21-3-21. Construction of Chapter