Indiana Code 9-25-7-1. Insolvency of insurer formerly authorized and qualified to do business in Indiana
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Sec. 1. The bureau may not suspend or revoke the driver’s license, driving privileges, or registration plates of the owner or operator of a motor vehicle who has been involved in a motor vehicle accident resulting in bodily injury or death or in damage to property in excess of two thousand five hundred dollars ($2,500) solely because of failure to provide evidence of financial responsibility whenever the:
(2) insurance company becomes insolvent after the accident or within fifteen (15) days before the accident;
(1) owner or operator was insured by an insurance company for public liability and property damage at the time of the accident; and
Terms Used In Indiana Code 9-25-7-1
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
if the insurance company was authorized and qualified to do business in Indiana on the effective date of the policy.
[Pre-1991 Recodification Citation: 9-2-2-1.]
As added by P.L.2-1991, SEC.13. Amended by P.L.157-2003, SEC.1; P.L.59-2013, SEC.26; P.L.88-2022, SEC.1.