§ 34-24-3-2 Irrebuttable presumption of retailer's pecuniary loss; insurance or indemnification prohibited

Codes > Indiana Code > Title 34 > Article 24 : Chapter 3 > 34-24-3-2 Irrebuttable

34-24-3-2 Irrebuttable presumption of retailer's pecuniary loss; insurance or indemnification prohibited

    Sec. 2. (a) For purposes of determining the amount of damages recoverable under section 1(1) of this chapter, there is an
irrebuttable presumption that a retailer who brings a civil action under this chapter (or IC 34-4-30 before its repeal) as the result of a violation of IC 35-43-4-2 (theft) or IC 35-43-4-3 (conversion) suffers a pecuniary loss in the amount of:

        (1) one hundred dollars ($100) regardless of whether:

            (A) the property is returned to the retailer; or

            (B) the actual retail value of the property is less than one hundred dollars ($100); or

        (2) the retailer's actual damages; whichever is greater.

    (b) An individual found liable in a civil action under this chapter (or IC 34-4-30 before its repeal) for violating IC 35-43-4-2 or IC 35-43-4-3 may not be indemnified or insured for any penalties, damages, or settlement arising from the violation.