Sec. 5. Except as provided in section 6 of this chapter, the minimum amounts of financial responsibility are as follows:
(1) Subject to the limit set forth in subdivision (2), twenty-five thousand dollars ($25,000) for bodily injury to or the death of one (1) individual.
(2) Fifty thousand dollars ($50,000) for bodily injury to or the death of two (2) or more individuals in any one (1) accident.
(3) Before July 1, 2018, ten thousand dollars ($10,000) for damage to or the destruction of property in one (1) accident. Beginning July 1, 2018, twenty-five thousand dollars ($25,000) for damage to or the destruction of property in one (1) accident.
[Pre-1991 Recodification Citation: 9-2-1.5-3.]
As added by P.L.2-1991, SEC.13. Amended by P.L.124-2016, SEC.2; P.L.24-2017, SEC.2.
Structure Indiana Code
Article 25. Financial Responsibility
Chapter 4. Financial Responsibility
9-25-4-3. Continuous Maintenance; Verification; Suspension; Third Party Contract
9-25-4-5. Minimum Amounts of Financial Responsibility
9-25-4-6. Recovery Vehicles; Minimum Amounts of Financial Responsibility; Violation
9-25-4-7. Methods of Proving Financial Responsibility
9-25-4-8. Proof of Financial Responsibility