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

Indiana Statutes

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

Indiana § 27-1-20-10

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 20Additional Provisions Pertaining to All Insurance

This text of Indiana § 27-1-20-10 (Disposition of interest earned by securities on deposit) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-20-10 (2026).

Text

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.

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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.