1. (a) The minimum standards for financial responsibility for a recovery vehicle with a gross vehicle weight rating greater than sixteen thousand (16,000) pounds are a combined single limit of seven hundred fifty thousand dollars ($750,000) for bodily injury and property damage in any one (1) accident or as follows:

   1. (1) Subject to the limit set forth in subdivision (2), five hundred thousand dollars ($500,000) for bodily injury to or the death of one (1) individual.
   2. (2) One million dollars ($1,000,000) for bodily injury to or the death of two (2) or more individuals in any one (1) accident.
   3. (3) One hundred thousand dollars ($100,000) for damage to or the destruction of property in one (1) accident.

2. (b) The minimum standards for financial responsibility for a recovery vehicle with a gross vehicle weight rating equal to or less than sixteen thousand (16,000) pounds are a combined single limit of three hundred thousand dollars ($300,000) for bodily injury and property damage in any one (1) accident or as follows:

   1. (1) Subject to the limit set forth in subdivision (2), one hundred thousand dollars ($100,000) for bodily injury to or the death of one (1) individual.
   2. (2) Three hundred thousand dollars ($300,000) for bodily injury to or the death of two (2) or more individuals in any one (1) accident.
   3. (3) Fifty thousand dollars ($50,000) for damage to or the destruction of property in one (1) accident.

3. (c) A person that operates a recovery vehicle in violation of this section commits a Class B infraction.

   [Pre-1991 Recodification Citation: 9-7-14-7.5.]

As added by P.L.2-1991, SEC.13. Amended by P.L.198-2016, SEC.541.