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Ind. Code § 27-1-7.5-4

"Liability" defined

Indiana · Indiana Code Title 27 — Insurance · Status: effective

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Ind. Code § 27-1-7.5-4, "Liability" defined, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661570
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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.