Sec. 22. (a) The department may, in its discretion, upon the application of such a person issue a certificate of self-insurance when it is reasonably satisfied that such person is possessed of and will continue to be possessed of financial ability to respond to judgments, as hereinbefore described, obtained against such person, arising out of the ownership, maintenance, use or operation of any such person’s aircraft.

     (b) Upon not less than five (5) days’ notice and a hearing pursuant to such notice, the department may, in its discretion and upon reasonable grounds, cancel a certificate of self-insurance.

Formerly: Acts 1951, c.267, s.24. As amended by Acts 1980, P.L.74, SEC.333.

Terms Used In Indiana Code 8-21-3-22

  • Aircraft: means any contrivance used or designed for navigation of or flight in the air. See Indiana Code 8-21-3-1
  • Department: refers to the Indiana department of transportation; and "state" or "this state" means the state of Indiana. See Indiana Code 8-21-3-1
  • Person: means any individual, firm, partnership, corporation, company, limited liability company, association, joint stock association, or body politic; and includes any trustee, receiver, assignee, or other similar representative of an entity described in this subdivision. See Indiana Code 8-21-3-1
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