Indiana Code Title 26. Commercial Law § 26-4-6-4

Sec. 4. (a) A claimant who has incurred a storage loss due to the revocation of a warehouse operator license under IC 26-3-7 is entitled to be compensated by the board from the fund for one hundred percent (100%) of the storage loss incurred less all credits and offsets and any producer premium that would have been due on the sale of the grain.  The gross amount of the storage loss shall be as determined by the agency for warehouses licensed under IC 26-3-7 or by the United States Department of Agriculture for warehouses licensed under the United States Warehouse Act.  The warehouse operator, agency, and claimants may submit to the board evidence related to outstanding charges against stored grain.  If the evidence is submitted, the agency shall determine the storage loss payable by the board.  However, the outstanding charges may not include uncollected storage charges.

(b) Before a storage loss may be paid, the producer must provide to the board evidence that storage fees were paid to the facility for the time during which the grain was stored.  The board shall use the following minimum storage fees to determine the storage loss:

(c) A claimant who has incurred a financial loss due to the revocation of a license of a grain buyer is entitled to be compensated by the board from the fund for eighty percent (80%) of the loss incurred less all credits and offsets and any producer premium that should have been due on the sale of the grain.  The board shall determine the loss incurred in the following manner:

(d) If a producer appeals under IC 4-21.5-3 an order issued by the director under IC 26-3-7-16.5 that postpones the agency from notifying the board of the amount of loss for proven claimants under IC 26-3-7-16.5(m), the board may issue partial payments to any claimants who have not appealed their claims.