Authority: IC 27-1-29-16; IC 27-1-29.1-20

Affected: IC 27-1-29; IC 27-1-29.1-9; IC 27-1-29.1-22

Sec. 1. The following definitions apply throughout this rule:

1. (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. (2) "Assessment" means the assessment set forth in IC 27-1-29-12 or IC 27-1-29.1-22.
3. (3) "Capitalization" means the annual surcharge set forth in IC 27-1-29-7(b)(10).
4. (4) "Catastrophic liability fund" means the political subdivision catastrophic liability fund established by IC 27-1-29.1.
5. (5) "Commission" means the Indiana political subdivision risk management commission established by IC 27-1-29-5.
6. (6) "Commissioner" means the commissioner of the Indiana department of insurance.
7. (7) "Member" means a political subdivision that is a member of the risk management fund or the catastrophic liability fund.
8. (8) "Political subdivision" has the meaning set forth in IC 34-6-2-110 [IC 34-6-2 repealed by P.L. 186-2025 SECTION 175, effective July 1, 2025].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. (9) "Risk management fund" means the political subdivision risk management fund established by IC 27-1-29.

(Indiana Political Subdivision Risk Management Commission; 762 IAC 2-1-1; filed Sep 3, 2002, 3:34 p.m.: 26 IR 27; readopted filed Nov 20, 2008, 3:38 p.m.: 20081210-IR-762080737RFA; readopted filed Nov 17, 2014, 3:47 p.m.: 20141217-IR-762140198RFA; readopted filed Nov 24, 2020, 10:28 a.m.: 20201223-IR-762200465RFA)