CHAPTER 5. WITHDRAWAL FROM AND REENTRY INTO THE GRAIN INDEMNITY PROGRAM
IC 26-4-5
Chapter 5. Withdrawal From and Reentry Into the Grain
Indemnity Program
IC 26-4-5-1
Refunds; form, restrictions, extension, notice
Sec. 1. (a) A producer upon and against whom a producer
premium is charged and collected under the provisions of this
chapter may demand of and by complying with this chapter receive
from the fund through the board a refund of the producer premiums
collected from the producer.
(b) The board shall develop the form on which a demand for a
refund must be filed. The board shall make the form available to
grain buyers, producers, and the public upon request.
(c) Except as provided in subsection (d), a demand for a refund
under this section is only valid if:
(1) made in writing and:
(A) hand delivered; or
(B) sent by first class mail;
to the board; and
(2) delivered or sent to the board not more than twelve (12)
months after the premium was collected.
(d) The board may for good cause grant an extension for filing a
demand for a refund under this chapter.
(e) A producer that requests and receives a refund under this
section is not protected and will not be compensated by the grain
indemnity program.
(f) Before January 1 of each year in which producer premiums
were collected during the immediately preceding calendar year, the
board shall send a notice to each producer who requested a refund of
producer premiums in any previous year. The notice must inform the
producer of the time frame in which a request for a refund must be
made and the method of filing for a refund.
As added by P.L.250-1995, SEC.1.
IC 26-4-5-2
Reentry into program; conditions; date coverage commences
Sec. 2. (a) A producer who has received a refund of a producer
premium under section 1 of this chapter and has made a request for
reentry may reenter the grain indemnity program if the following
conditions are satisfied:
(1) The producer petitions the board for approval of reentry into
the grain indemnity program by hand delivering or sending by
certified mail, return receipt requested, a written request in a
form required by the board.
(2) The board reviews the producer's petition for reentry and
approves the petition.
(3) The producer pays into the fund:
(A) all previous producer premium refunds; and
(B) interest on the refunds;
as determined by the board.
(b) A producer that reenters the grain indemnity program under
subsection (a)(3) is protected by the program from the time all
previous producer premium refunds and interest on the refunds are
paid to the fund.
As added by P.L.250-1995, SEC.1.
IC 26-4-5-3
Repealed
(Repealed by P.L.75-2010, SEC.35.)