{"data":{"id":"us-in/ic-9-25-7-1","jurisdiction":"us-in","citation":"IC 9-25-7-1","heading":"Insolvency of insurer formerly authorized and qualified to do business in Indiana","body":"Sec. 1. The bureau may not suspend or revoke the driver's license, driving privileges, or registration plates of the owner or operator of a motor vehicle who has been involved in a motor vehicle accident resulting in bodily injury or death or in damage to property in excess of two thousand five hundred dollars ($2,500) solely because of failure to provide evidence of financial responsibility whenever the:\n(1) owner or operator was insured by an insurance company for public liability and property damage at the time of the accident; and\n(2) insurance company becomes insolvent after the accident or within fifteen (15) days before the accident;\nif the insurance company was authorized and qualified to do business in Indiana on the effective date of the policy.","path":["TITLE 9. MOTOR VEHICLES","ARTICLE 25. FINANCIAL RESPONSIBILITY","Chapter 7. Miscellaneous Provisions"],"source_url":"https://iga.in.gov/ic/2026/Title_9.html#9-25-7-1","current_through":"2026","vintage":"2026","retrieved_at":"2026-07-08T17:54:09Z","sha256":"dd1d7a3a421e361e6f35803a88fbacf126b8ec7f3b9f7a0e6669416b35eb8046","source_id":"us-in","stale":false,"prev":"us-in/ic-9-25-6-21","next":"us-in/ic-9-25-7-2"},"notice":"GroundRules: Original legal text. Not legal advice."}