Financial Responsibility (IC 9-25-1 through IC 9-25-11.5)
Indiana Code Title 9, Article 25
Edition and licensing notes
Publisher. Indiana General Assembly (iga.in.gov)
Edition. Indiana Code 2026 edition (page meta T_ICTITLE_S_YEAR="2026"; the publisher's own article PDF prints "Indiana Code 2026" in the footer of every page; source credits run through P.L. numbers dated 2026)
Status. IN statutes, public domain (state government edict).
What this document is
Indiana Code Title 9, Article 25 - Financial Responsibility (IC 9-25-1 through IC 9-25-11.5) is a state statute published by Indiana General Assembly (iga.in.gov). It is one of the Indiana documents that insurance license exam questions are written from, including indiana property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- IC § 9-25-4-9(c) (Financial Responsibility; Bonds as Proof; Cancellation and Recovery on Earlier Claims)
“(c) A bond filed under this section may not be canceled unless ten (10) days written notice of cancellation is given to the bureau. Cancellation of a bond under this subsection does not prevent recovery on the bond due to a right or cause of action arising before the date of cancellation.”
- IC § 9-25-7-4 (Failure to Pay Under a Surety Bond After Judgment; Action in the Name of the State)
“Sec. 4. If a judgment is rendered against the principal of a surety bond upon a liability covered by the conditions of the bond and the judgment is not satisfied within sixty (60) days after the judgment becomes final, the judgment creditor may, for the judgment creditor's own use and benefit and...”
- IC § 9-25-4-11(b) (Certificate of Self-Insurance; Cancellation; Notice and Hearing)
“After not less than five (5) days notice and a hearing concerning the notice, the department may upon reasonable grounds cancel a certificate of self-insurance. Failure to pay a judgment within thirty (30) days after the judgment becomes final constitutes a reasonable ground for the cancellation of...”
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