Sec. 4.2. (a) A self-insured entity that owns a vehicle that meets at least one (1) of the criteria set forth in section 3 of this chapter shall apply to the bureau within forty-five (45) days after the date of loss for a certificate of salvage title in the name of the self-insured entity's name.
(b) Any other person acquiring a wrecked or damaged vehicle that meets at least one (1) of the criteria set forth in section 3 of this chapter, which acquisition is not evidenced by a certificate of salvage title, shall apply to the bureau within forty-five (45) days after acquiring the vehicle for a certificate of salvage title.
(c) The bureau shall issue a certificate of salvage title as proof of ownership for a salvage vehicle when the acquiring person does the following:
(1) Makes a proper application in the manner and form prescribed by the bureau.
(2) Pays a salvage title fee of four dollars ($4). The fee shall be deposited in the motor vehicle highway account.
(3) If in the possession of the acquiring person, surrenders the vehicle's certificate of title or other proof of ownership.
(d) Except as provided in section 4.4 of this chapter, a person that violates this section commits a Class D infraction.