Indiana § 13-23-8-6 - Payment of claims if ELTF balance is low
Full text of Indiana Indiana Code § 13-23-8-6 — Payment of claims if ELTF balance is low, with citation guidance and answers to common questions.
§ 13-23-8-6. Payment of claims if ELTF balance is low
Sec. 6. (a) If the balance in the ELTF drops below twenty-five million dollars ($25,000,000), the administrator shall pay claims according to the priority payment system established by rules adopted by the financial assurance board under IC 13-23-11-7(a)(1)(D).
(b) If the balance in the ELTF is insufficient to pay:
(1) ELTF claims; and
(2) necessary personnel and administrative expenses associated with the ELTF;
the administrator of the ELTF shall cease paying claims, and claimants may not use the ELTF to satisfy any financial responsibility requirements.
[Pre-1996 Recodification Citation: 13-7-20-33(f).]
As added by P.L.1-1996, SEC.13. Amended by P.L.14-2001, SEC.11; P.L.1-2002, SEC.66; P.L.96-2016, SEC.28.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 13-23-8-6
What does Indiana Code § 13-23-8-6 cover?
Section 13-23-8-6 ("Payment of claims if ELTF balance is low") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 13-23-8-6?
A common citation format is "Indiana Code § 13-23-8-6" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 13-23-8-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.