IC 13-23-8-6 — Payment of claims if ELTF balance is low
Chapter 8. Use of Money in Excess Liability Fund
Section text
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.
As added by P.L.1-1996, SEC.13. Amended by P.L.14-2001, SEC.11; P.L.1-2002, SEC.66; P.L.96-2016, SEC.28.
Source: official publisher (2026 edition)