Indiana Code 8-21-3-8. “Proof of financial responsibility”
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Sec. 8. For purposes of this article, “proof of financial responsibility” means proof of the ability to satisfy a claim for damages arising from liability for the ownership, maintenance, or use of an aircraft, in the following amounts:
(2) Two hundred thousand dollars ($200,000) for the bodily injury or death of two (2) or more persons in any one (1) accident.
(1) One hundred thousand dollars ($100,000) for the bodily injury or death of one (1) person.
Terms Used In Indiana Code 8-21-3-8
- Aircraft: means any contrivance used or designed for navigation of or flight in the air. See Indiana Code 8-21-3-1
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) One hundred thousand dollars ($100,000) for damage to property in any one (1) accident.
Formerly: Acts 1951, c.267, s.8. As amended by P.L.102-2015, SEC.4.