Indiana § 27-1-29-28 - Authorized actions of commissioner; fund
Full text of Indiana Indiana Code § 27-1-29-28 — Authorized actions of commissioner; fund, with citation guidance and answers to common questions.
§ 27-1-29-28. Authorized actions of commissioner; fund
Sec. 28. (a) As used in this section, "fund" means the political subdivision risk management fund established by section 10 of this chapter.
(b) Upon a determination by the commissioner that:
(1) all members have withdrawn from the fund; and
(2) all payments of liabilities of former members of the fund have been determined and finalized;
the commissioner is authorized to take action under subsection (c).
(c) Under the circumstances set forth in subsection (b), the commissioner shall do the following with respect to the fund:
(1) Prevent any political subdivision that is not already a member of the fund from becoming a member.
(2) Decline to renew the membership of the political subdivisions that are members of the fund.
(3) Cease the operation of the fund.
(4) Distribute the balance in the fund, including the reserve account created under section 10(f) of this chapter, to former members of the fund, distributing to each former member of the fund an amount proportional to the total of:
(A) assessments paid under section 12 of this chapter; and
(B) surcharges paid under section 7(b)(10) of this chapter;
by the former member, regardless of when the former member withdrew from the fund.
As added by P.L.103-1998, SEC.1. Amended by P.L.46-2023, SEC.2.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-1-29-28
What does Indiana Code § 27-1-29-28 cover?
Section 27-1-29-28 ("Authorized actions of commissioner; fund") 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 § 27-1-29-28?
A common citation format is "Indiana Code § 27-1-29-28" (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 § 27-1-29-28 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.