Ind. Code § 13-23-8-4
Payment of ELTF claims; assignment of right to receive payment; action required within 45 days
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2025
As of January 1, 2018
Sec. 4. (a) The administrator shall pay ELTF claims that are:
Sec. 4. (a) The administrator shall pay ELTF claims that are:
(1) for costs related to eligible releases;
(1) for costs related to eligible releases;
(2) submitted by eligible parties; and
(2) submitted by eligible parties; and
(3) submitted in accordance with IC 13-23-8 and IC 13-23-9.
(3) submitted in accordance with IC 13-23-8 and IC 13-23-9.
(b) An eligible party may assign the right to receive payment of an ELTF claim to another person.
(b) An eligible party may assign the right to receive payment of an ELTF claim to another person.
(c) Not more than forty-five (45) business days after an ELTF claim is submitted, the administrator shall do one (1) of the following:
(1) Approve the ELTF claim and, under IC 13-23-9-2(c), forward the ELTF claim to the state comptroller for payment.
(2) Send to the claimant a written notice that:
(A) states that a correction, a clarification, or additional information is needed before the ELTF claim can be approved; and
(B) provides a clear explanation:
(i) of the correction, clarification, or additional information that is needed; and
(ii) of why it is needed.
(3) Deny the claim and provide the claimant with a statement of the reasons for the denial under IC 13-23-9-2(b).
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.