Board; authority to establish liability or loss insurance reserves

Sec. 1. The board of trustees of a state educational institution may establish liability or other loss insurance reserves or contribute those reserves or other capital to a risk retention group to provide insurance coverage against liability claims. [Pre-2007 Higher Education Recodification Citation: 20-12-6-1.2(a)(2).] As added by P.L.2-2007, SEC.275.