Indiana Administrative Code
Title 329 - SOLID WASTE MANAGEMENT DIVISION
Article 11 - SOLID WASTE PROCESSING FACILITIES
Rule 2 - Definitions
Section 2-10.3 - "Face amount" defined
Universal Citation: 329 IN Admin Code 2-10.3
Current through March 20, 2024
Authority: IC 13-14-8-7; IC 13-15-2-1; IC 13-19-3-1
Affected: IC 13-30-2; IC 25-31; IC 36-9-30
Sec. 10.3.
"Face amount" means the total amount the insurer is obligated to pay under the insurance policy. Actual payments by the insurer will not change the face amount, although the insurer's future liability will be lowered by the amount of the payments.
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