The fund may be used to provide money for the following purposes:

1. (1) The payment of a judgment rendered against the school corporation, or rendered against an officer or employee of the school corporation for which the school corporation is liable under IC 34-13-2 , IC 34-13-3 , or IC 34-13-4 (or IC 34-4-16.5 , IC 34-4-16.6 , or IC 34-4-16.7 before their repeal).
2. (2) The payment of a claim or settlement for which the school corporation is liable under IC 34-13-2 , IC 34-13-3 , or IC 34-13-4 (or IC 34-4-16.5 , IC 34-4-16.6 , or IC 34-4-16.7 before their repeal).
3. (3) The payment of a premium, management fee, claim, or settlement for which the school corporation is liable under a federal or state statute, including IC 22-3 and IC 22-4 .

4. (4) The payment of a settlement or claim for which insurance coverage is permitted under IC 20-26-5-4 (a)(15).

   [Pre-2006 Recodification Citation: 21-2-5.6-2.]

As added by P.L.2-2006, SEC.163. Amended by P.L.233-2015, SEC.290; P.L.118-2016, SEC.15.