Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 760. DEPARTMENT OF INSURANCE |
Article 760IAC1. GENERAL PROVISIONS |
Rule 760IAC1-75. School Trusts |
Section 760IAC1-75-14. Written notice
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(a) The application for participation and the participation agreement must contain the following statement: "This is a fully assessable contract. In the event (the Risk Pool) is unable to pay its obligations, participating members will be required to contribute through an equitable assessment the money necessary to meet any unfulfilled obligations.".
(b) Every application and coverage form must contain the following notice: "Your coverage is issued by a Risk Pool. The Risk Pool is regulated by the Indiana Department of Insurance. State insurance guaranty funds are not available for your Risk Pool.". (Department of Insurance; 760 IAC 1-75-14; filed Apr 14, 2008, 10:28 a.m.: 20080514-IR-760070144FRA; readopted filed Nov 17, 2014, 3:39 p.m.: 20141217-IR-760140197RFA)