9-32-8-6. Evidence of liability coverage

IN Code § 9-32-8-6 (2019) (N/A)
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Sec. 6. (a) Upon request of the secretary, a person licensed under this chapter shall furnish evidence that the person:

(1) currently has liability insurance covering the person's place of business; or

(2) is a member of a risk retention group that is regulated by the Indiana department of insurance.

(b) A liability insurance policy described in subsection (a)(1) must have limits of not less than the following:

(1) One hundred thousand dollars ($100,000) for bodily injury to one (1) person.

(2) Three hundred thousand dollars ($300,000) per accident.

(3) Fifty thousand dollars ($50,000) for property damage.

The minimum amounts must be maintained during the time the license is valid.

As added by P.L.92-2013, SEC.78. Amended by P.L.174-2016, SEC.74.