Section 13-23-8-6 - Payment of claims if ELTF balance is low(a) If the balance in the ELTF drops below twenty-five million dollars ($25,000,000), the administrator shall pay claims according to the priority payment system established by rules adopted by the financial assurance board under IC 13-23-11-7(a)(1)(D).(b) If the balance in the ELTF is insufficient to pay: (2) necessary personnel and administrative expenses associated with the ELTF; the administrator of the ELTF shall cease paying claims, and claimants may not use the ELTF to satisfy any financial responsibility requirements.
Pre-1996 Recodification Citation: 13-7-20-33(f).
Amended by P.L. 96-2016, SEC. 28, eff. 7/1/2016.As added by P.L. 1-1996, SEC.13. Amended by P.L. 14-2001, SEC.11; P.L. 1-2002, SEC.66.