140 IAC 1-7-5 Schedule of claims incurred; additional collateral

Sec. 5. (a) Each self-insurer shall, at the time of application or renewal for self-insurance, furnish a schedule of all motor vehicle claims incurred during the preceding calendar year. (b) The commissioner may determine that the self-insurer must provide additional collateral above the minimum amounts if the number or dollar amount of claims incurred by the self-insurer is determined to be excessive or could not be covered by the minimum requirements, or both. However, this additional amount shall not exceed forty thousand dollars ($40,000) per vehicle.