Section 20-40-12-10 - Incurred claim basis(a) A self-insurance program must be written on an incurred claims basis.(b) The governing body must fund a self-insurance program as described in section 4(2) of this chapter to include coverage for all eligible incurred claims.(c) Subject to this chapter and notwithstanding any other law:(1) contributions made on behalf of individuals covered under the self-insurance program, including employee and employer contributions; and(2) transfers or allocations of funds by a governing body; for coverage for health care services under a self-insurance program must be directly deposited into the fund and may not be transferred to other accounts or expended for any other purpose.
Pre-2006 Recodification Citation: 21-2-19-5.
As added by P.L. 2-2006, SEC.163.