"Self-insurance"
Ind. Code § 13-11-2-198
in effectSec. 198. "Self insurance", for purposes of IC 13-22-9, means the practice of meeting expenses when those expenses are incurred with financial resources that:
(1) were previously set aside for the purpose of meeting those expenses; or
(2) are not committed to another purpose;
rather than through a trust fund, a surety bond, a letter of credit, or an insurance policy.
[Pre-1996 Recodification Citation: 13-7-32-1.5.]
As added by P.L.1-1996, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/13Fetched: 10/17/2026