762 IAC 2-1-1 Definitions

Sec. 1. The following definitions apply throughout this rule: (1) "Additional assessments" means any assessments made in excess of those paid by the member or former member in order to meet the eligibility requirements of IC 27-1-29-11, IC 27-1-29-12, IC 27-1-29.1-9, and IC 27-1-29.1-22. (2) "Assessment" means the assessment set forth in IC 27-1-29-12 or IC 27-1-29.1-22. (3) "Capitalization" means the annual surcharge set forth in IC 27-1-29-7(b)(10). (4) "Catastrophic liability fund" means the political subdivision catastrophic liability fund established by IC 27-1-29.1. (5) "Commission" means the Indiana political subdivision risk management commission established by IC 27-1-29-5. (6) "Commissioner" means the commissioner of the Indiana department of insurance. (7) "Member" means a political subdivision that is a member of the risk management fund or the catastrophic liability fund. (8) "Political subdivision" has the meaning set forth in IC 34-6-2-110 [IC 34-6-2 repealed by P.L. 186-2025 SECTION 175, effective July 1, 2025]. (9) "Risk management fund" means the political subdivision risk management fund established by IC 27-1-29.