Indiana § 27-1-17-6 Deposit

Indiana Statutes

§ 27-1-17-6 — Deposit

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 17 Admission of Foreign and Alien Companies to Transact

Every alien company shall deposit with the
department securities of the amount and value of one hundred thousand
dollars ($100,000) invested in the classes of securities in which
insurance companies are permitted by the laws of this state to make
investments, or, satisfy the department that it has on deposit with the
proper official of a state of the United States, authorized by the laws of
such state to accept such deposit, securities of the amount and value of
one hundred thousand dollars ($100,000), of the classes in which like
insurance companies of such state are permitted to make their
investments, for the benefit and security of all its policyholders and
creditors in the United States, and the company shall file with the
department the certificate of such official of any such deposi

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Every alien company shall deposit with the
department securities of the amount and value of one hundred thousand
dollars ($100,000) invested in the classes of securities in which
insurance companies are permitted by the laws of this state to make
investments, or, satisfy the department that it has on deposit with the
proper official of a state of the United States, authorized by the laws of
such state to accept such deposit, securities of the amount and value of
one hundred thousand dollars ($100,000), of the classes in which like
insurance companies of such state are permitted to make their
investments, for the benefit and security of all its policyholders and
creditors in the United States, and the company shall file with the
department the certificate of such official of any such deposit held by
him.
Formerly: Acts 1935, c.162, s.231.

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