140 IAC 1-7-4 Payments from collateral

Sec. 4. If the self-insurer is not able to discharge its legal obligations, including judgments that result from the insurer's operation of a motor vehicle, the administrator may petition the commissioner to pay any of the outstanding obligations from the financial collateral posted by the self-insurer or may cause the obligation to be paid out of any other collateral posted in accordance with these regulations. Any sums withdrawn from the collateral must be replaced within seventy-two (72) hours from the date of withdrawal in order to retain the certificate of self-insurance.