27-1-29.1-3. "Liability" defined

IN Code § 27-1-29.1-3 (2019) (N/A)
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Sec. 3. As used in this chapter, "liability" means an obligation arising from:

(1) multiple claims for the payment of money that are within the limits set forth in IC 34-13-3-4 (or IC 34-4-16.5-4 before its repeal) and that arise from a single catastrophic occurrence; or

(2) any other claim for which coverage is provided for members of the fund under rules adopted by the commission.

As added by P.L.272-1987, SEC.7. Amended by P.L.1-1998, SEC.146.