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Auto Dealer Services Division

Auto Dealer Services Division > Requirements > Insurance Requirements Insurance Requirements

Liability insurance or garage liability insurance coverage [IC 9-23-2-10]

    Sec. 10.
  1. A person licensed under this article shall furnish evidence that the person currently has liability insurance or garage liability insurance covering the person's place of business. The policy must have limits of not less than the following:
    1. One hundred thousand dollars ($100,000) for bodily injury to one (1) person.
    2. Three hundred thousand dollars ($300,000) for bodily injury for each accident.
    3. Fifty thousand dollars ($50,000) for property damage.
  2. The minimum amounts required by subsection (a) must be maintained during the time the license is valid. As added by P.L.2-1991, SEC.11. Amended by P.L.39-2000, SEC.9.

IC 27-8-9-6

    Sec. 6.
  1. The definitions set forth in this section apply throughout this chapter.
  2. Garage liability policy refers to any motor vehicle liability insurance policy that affords coverage to a named insured engaged in the business of selling, leasing, repairing, servicing, delivering, testing, road testing, parking, or storing motor vehicles, but does not refer to a motor vehicle liability insurance policy that affords coverage to a vehicle used in the business of transporting property for hire.
  3. Motor vehicle insurance coverage means any type of insurance coverage described in IC 27-1-5-1, Class 2(f).
  4. Permittee means any person who is granted permission to operate a motor vehicle by the owner of the motor vehicle. As added by P.L.261-1983, SEC.2. Amended by P.L.81-1991, SEC.11; P.L.226-1993, SEC.3.