Nonresidents; proof of financial responsibility
Sec. 10. (a) A nonresident may give proof of financial
responsibility in one (1) of the following ways:
(1) The nonresident owner of a foreign vehicle may give proof
of financial responsibility by filing with the bureau a written
certificate of an insurance carrier authorized to transact
business in the state in which the motor vehicle described in the
certificate is registered.
(2) A nonresident who does not own a motor vehicle may give
proof of financial responsibility by filing with the bureau a
written certificate of an insurance carrier authorized to transact
business in the state in which the nonresident resides.
(b) A certificate filed under subsection (a) must conform to this
chapter.
(c) The bureau shall accept a certificate filed under subsection (a)
if the insurance carrier complies with the following:
(1) Executes a power of attorney authorizing the bureau to
accept service on the insurance carrier's behalf of notice of
process in an action arising out of a motor vehicle accident in
Indiana.
(2) Adopts a binding resolution declaring that the insurance
carrier's policies are considered to comply with Indiana law
relating to the terms of motor vehicle liability policies issued in
Indiana.
(3) Agrees to accept as final and binding a judgment of a court
of competent jurisdiction in Indiana rendered in an action
arising out of a motor vehicle accident.
(d) If a foreign insurance carrier that has qualified to furnish proof
of financial responsibility under subsection (c) defaults in an
undertaking or agreement, the bureau may not accept a certificate of
the defaulting foreign carrier as long as the default continues,
whether the certificate was filed before or after the default.
As added by P.L.2-1991, SEC.13.
Last modified: May 27, 2006