Sec. 4. The governing body of each school corporation:

(1) may establish a self-insurance fund in accordance with this chapter for the purposes described in:

Terms Used In Indiana Code 20-40-12-4

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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
(A) section 5(1) through 5(3) of this chapter; and

(B) section 5(4) of this chapter as section 5(4) of this chapter applies to governing body or school employee coverage other than coverage for health care services; and

(2) shall, if the governing body elects to provide a self-insurance program to cover health care services, establish a self-insurance fund for the purposes described in section 5(4) of this chapter as section 5(4) of this chapter applies to health care services.

[Pre-2006 Recodification Citation: 21-2-5.6-1 part.]

As added by P.L.2-2006, SEC.163.

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