IC 34-24-3-2 — Irrebuttable presumption of retailer's pecuniary loss; insurance or indemnification prohibited
Chapter 3. Treble Damages Allowed in Certain Civil Actions by Crime Victims
Section text
Sec. 2. (a) For purposes of determining the amount of damages recoverable under section 1(1) of this chapter, there is an irrebuttable presumption that a retailer who brings a civil action under this chapter (or IC 34-4-30 before its repeal) as the result of a violation of IC 35-43-4-2 (theft), IC 35-43-4-2.2 (organized retail theft), or IC 35-43-4-3 (conversion) suffers a pecuniary loss in the amount of: (1) one hundred dollars ($100) regardless of whether: (A) the property is returned to the retailer; or (B) the actual retail value of the property is less than one hundred dollars ($100); or (2) the retailer's actual damages; whichever is greater. (b) An individual found liable in a civil action under this chapter (or IC 34-4-30 before its repeal) for violating IC 35-43-4-2, IC 35-43-4-2.2, or IC 35-43-4-3 may not be indemnified or insured for any penalties, damages, or settlement arising from the violation.
As added by P.L.1-1998, SEC.19. Amended by P.L.185-2023, SEC.3.
Source: official publisher (2026 edition)