2017 Indiana Code
TITLE 9. Motor Vehicles
ARTICLE 32. DEALER SERVICES
CHAPTER 11. Regulation of Vehicle Merchandising
9-32-11-14. Liability coverage
Sec. 14. (a) At the time of each license application and upon request of the secretary, a person licensed under this article shall furnish evidence that the person:
(1) has liability insurance or garage liability insurance covering the person's place of business; or
(2) is a member of a risk retention group that is regulated by the Indiana department of insurance.
(b) A policy described in subsection (a)(1) must have limits of at least the following:
(1) One hundred thousand dollars ($100,000) for bodily injury to one (1) person.
(2) Three hundred thousand dollars ($300,000) for bodily injury for each accident.
(3) Fifty thousand dollars ($50,000) for property damage.
The minimum amounts required by this subsection must be maintained during the time the license is valid.
As added by P.L.92-2013, SEC.78. Amended by P.L.174-2016, SEC.92.
