IN SB0353 | 2023 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 5-3)
Status: Passed on April 20 2023 - 100% progression
Action: 2023-04-20 - Public Law 46
Text: Latest bill text (Enrolled) [PDF]

Summary

Risk management and catastrophic liability funds. Authorizes the insurance commissioner to cease operation of the political subdivision risk management fund upon a determination by the insurance commissioner that: (1) all political subdivisions that were members of the fund have withdrawn from the fund; and (2) all payment of the liabilities of former members of the fund have been determined and finalized. Authorizes the insurance commissioner to cease operation of the political subdivision catastrophic liability fund upon a determination by the insurance commissioner that: (1) all political subdivisions that were members of the fund have withdrawn from the fund; and (2) all payment of the liabilities of former members of the fund have been determined and finalized. Requires the insurance commissioner, when ceasing operation of one of the funds, to distribute the balance in the fund to former members of the fund, distributing to each former member an amount proportional to the total of assessments and (in the case of the political subdivision risk management fund) surcharges paid by the former member. Provides that the laws establishing the political subdivision risk management fund and the political subdivision catastrophic liability fund expire when the insurance commissioner certifies to the executive director of the legislative services agency that: (1) the funds have no remaining members; (2) all payments of liabilities of former members of the funds have been determined and finalized; and (3) the balances in the funds have been distributed to former members of the funds. Amends a provision of the law concerning tort claims against governmental entities to provide that giving notice of a tort claim against a political subdivision to the political subdivision risk management commission is not required if the law establishing the political subdivision risk management commission has expired.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Risk management and catastrophic liability funds.

Sponsors


Roll Calls

2023-04-04 - House - House - Third reading (Y: 96 N: 1 NV: 1 Abs: 2) [PASS]
2023-02-13 - Senate - Senate - Third reading (Y: 47 N: 1 NV: 1 Abs: 1) [PASS]

History

DateChamberAction
2023-04-20SenatePublic Law 46
2023-04-20SenateSigned by the Governor
2023-04-17SenateSigned by the President of the Senate
2023-04-11HouseSigned by the Speaker
2023-04-06SenateSigned by the President Pro Tempore
2023-04-05HouseReturned to the Senate without amendments
2023-04-04HouseThird reading: passed; Roll Call 357: yeas 96, nays 1
2023-04-03HouseSecond reading: ordered engrossed
2023-03-30HouseCommittee report: do pass, adopted
2023-03-23HouseReferred to the Committee on Ways and Means pursuant to House Rule 127
2023-03-23HouseCommittee report: do pass, adopted
2023-02-28HouseFirst reading: referred to Committee on Insurance
2023-02-16HouseRepresentative Moseley added as cosponsor
2023-02-14SenateReferred to the House
2023-02-13SenateCosponsors: Representatives Pressel and Harris
2023-02-13SenateHouse sponsor: Representative Slager
2023-02-13SenateThird reading: passed; Roll Call 108: yeas 47, nays 1
2023-02-09SenateSecond reading: ordered engrossed
2023-02-06SenateSenator Randolph added as coauthor
2023-02-06SenateCommittee report: do pass, adopted
2023-02-02SenateSenator Melton added as coauthor
2023-01-17SenateFirst reading: referred to Committee on Appropriations
2023-01-17SenateAuthored by Senators Charbonneau and Pol

Subjects


Indiana State Sources


Bill Comments

feedback