summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
03/09/2022
03/09/2022
Introduced Session
2022 Regular Session
Bill Summary
Risk management and catastrophic liability funds. Permits the commissioner of the department of insurance to cease operation of the political subdivision risk management fund and the political subdivision catastrophic liability fund upon a determination by the commissioner that: (1) all members have withdrawn from the fund; and (2) all payment of liabilities of former members of the fund have been determined and finalized. Removes a requirement that notice of a claim against a political subdivision be provided to the political subdivision risk management commission.
AI Summary
This bill permits the Commissioner of the Department of Insurance to cease operation of the political subdivision risk management fund and the political subdivision catastrophic liability fund upon a determination that all members have withdrawn from the fund and all payment of liabilities of former members have been finalized. It also removes a requirement that notice of a claim against a political subdivision be provided to the political subdivision risk management commission. The bill sets expiration dates for the relevant chapters of the Indiana Code, either July 1, 2027, or the date when the actions specified in the bill are completed, whichever is earlier.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
First reading: referred to Committee on Insurance and Financial Institutions (on 01/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://iga.in.gov/legislative/2022/bills/senate/362/ |
| Bill | http://iga.in.gov/static-documents/f/5/0/3/f503c58a/SB0362.01.INTR.pdf |
| Fiscal Note #1: Introduced Senate Bill (S) | http://iga.in.gov/static-documents/f/6/d/b/f6dbd1e5/SB0362.01.INTR.FN001.pdf |
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