{"data":{"id":"us-in/ic-27-1-7.5-4","jurisdiction":"us-in","citation":"IC 27-1-7.5-4","heading":"\"Liability\" defined","body":"Sec. 4. As used in this chapter, \"liability\" means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 7.5. Indemnification of Directors"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-7.5-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"a86e8f8447a188f7cde08305fba921815e177e31fe6f3c4af1b2db5ff72c995b","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-7.5-3","next":"us-in/ic-27-1-7.5-5"},"notice":"GroundRules: Original legal text. Not legal advice."}