Sec. 6. (a) If the balance in the ELTF drops below twenty-five million dollars ($25,000,000), the administrator shall pay claims according to the priority payment system established by rules adopted by the financial assurance board under IC 13-23-11-7 (a)(1)(D). (b) If the balance in the ELTF is insufficient to pay: (1) ELTF claims; and (2) necessary personnel and administrative expenses associated with the ELTF; the administrator of the ELTF shall cease paying claims, and claimants may not use the ELTF to satisfy any financial responsibility requirements. [Pre-1996 Recodification Citation: 13-7-20-33(f).]
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