IC 27-1-29-29: Expiration of chapter; certification by commissioner

Sec. 29. (a) Except as provided in subsection (b), this chapter expires when the insurance commissioner certifies to the executive director of the legislative services agency that:

(1) the fund has no remaining members;

(2) all payments of liabilities of former members of the fund have been determined and finalized; and

(3) the balance in the fund has been distributed to former members of the fund in accordance with section 28(c)(4) of this chapter.

(b) This chapter does not expire under subsection (a) unless IC 27-1-29.1:

(1) has previously expired under IC 27-1-29.1-24; or

(2) expires under IC 27-1-29.1-24 at the same time as this chapter expires under subsection (a)(1) through (a)(3).