Indiana Code 20-40-12-10. Incurred claim basis
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Sec. 10. (a) A self-insurance program must be written on an incurred claims basis.
(c) Subject to this chapter and notwithstanding any other law:
(b) The governing body must fund a self-insurance program as described in section 4(2) of this chapter to include coverage for all eligible incurred claims.
Terms Used In Indiana Code 20-40-12-10
- fund: refers to a self-insurance fund established under section 4 of this chapter. See Indiana Code 20-40-12-1
- health care services: has the meaning set forth in IC 27-8-11-1. See Indiana Code 20-40-12-2
- self-insurance program: means a program of self-insurance established or maintained by a governing body to provide coverage for health care services to a school corporation's employees and the employees' dependents. See Indiana Code 20-40-12-3
(1) contributions made on behalf of individuals covered under the self-insurance program, including employee and employer contributions; and
(2) transfers or allocations of funds by a governing body;
for coverage for health care services under a self-insurance program must be directly deposited into the fund and may not be transferred to other accounts or expended for any other purpose.
[Pre-2006 Recodification Citation: 21-2-19-5.]
As added by P.L.2-2006, SEC.163.