§ 13-11-2-198

'Self insurance', for purposes of IC 13-22-9, means the practice of meeting expenses when those expenses are incurred with financial resources that:(1) were previously set aside for the purpose of meeting those expenses; or(2) are not committed to another purpose;rather than through a trust fund, a surety bond, a letter of credit, or an insurance policy.[Pre-1996 Recodification Citation: 13-7-32-1.5.]As added by P.L.1-1996, SEC.1.