Section 20-40-12-4 - Establishment of fund The governing body of each school corporation:
(1) may establish a self-insurance fund in accordance with this chapter for the purposes described in: (A) section 5(1) through 5(3) of this chapter; and(B) section 5(4) of this chapter as section 5(4) of this chapter applies to governing body or school employee coverage other than coverage for health care services; and(2) shall, if the governing body elects to provide a self-insurance program to cover health care services, establish a self-insurance fund for the purposes described in section 5(4) of this chapter as section 5(4) of this chapter applies to health care services.Pre-2006 Recodification Citation: 21-2-5.6-1 part.
As added by P.L. 2-2006, SEC.163.