Insolvency of insurer formerly authorized and qualified to do
business in Indiana
Sec. 1. The bureau may not revoke the driving license 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 one thousand
dollars ($1,000) solely because of failure to provide evidence of
financial responsibility whenever the:
(1) owner or operator was insured by an insurance company for
public liability and property damage at the time of the accident;
and
(2) insurance company becomes insolvent after the accident or
within fifteen (15) days before the accident;
if the insurance company was authorized and qualified to do business
in Indiana on the effective date of the policy.
As added by P.L.2-1991, SEC.13. Amended by P.L.157-2003, SEC.1.
Last modified: May 27, 2006