§ 27-1-20-10 — Disposition of interest earned by securities on deposit

The department shall permit companies
having on deposit with it stocks or bonds as security, to collect the
interest accruing on such deposits, delivering to their authorized agents,
respectively, the coupons or other evidences of interest as the same
become due; but upon default by any company to deposit additional
security as called for by the department or pending any proceedings for
rehabilitation, liquidation or conservation of such company, the
department shall collect the interest as it becomes due and add the
same to the securities in its possession, or under its control, belonging
to such company.
Formerly: Acts 1935, c.162, s.257.