Indiana § 27-1-20-1 Insurance of deposited securities

Indiana Statutes

§ 27-1-20-1 — Insurance of deposited securities

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 20 Additional Provisions Pertaining to All Insurance

The department, in the name of the State of
Indiana, and for the benefit of the owners of all securities subject to
negotiation by delivery, and deposited with the department or under its
supervision, shall purchase and maintain insurance, in an aggregate
amount not to exceed one million dollars, against loss from any cause
that the department may deem appropriate.
Formerly: Acts 1935, c.162, s.248; Acts 1971, P.L.385,
SEC.5.

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The department, in the name of the State of
Indiana, and for the benefit of the owners of all securities subject to
negotiation by delivery, and deposited with the department or under its
supervision, shall purchase and maintain insurance, in an aggregate
amount not to exceed one million dollars, against loss from any cause
that the department may deem appropriate.
Formerly: Acts 1935, c.162, s.248; Acts 1971, P.L.385,
SEC.5.

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