Sec. 198. "Self insurance", for purposes of IC 13-22-9 , means the practice of meeting expenses when those expenses are incurred with financial resources that: (1) were previously set aside for the purpose of meeting those expenses; or (2) are not committed to another purpose; rather than through a trust fund, a surety bond, a letter of credit, or an insurance policy. [Pre-1996 Recodification Citation: 13-7-32-1.5.]
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.