Indiana § 27-1-20-4 Revaluation of investments omitting interest or dividends

Indiana Statutes

§ 27-1-20-4 — Revaluation of investments omitting interest or dividends

Indiana § 27-1-20-4

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 20Additional Provisions Pertaining to All Insurance

This text of Indiana § 27-1-20-4 (Revaluation of investments omitting interest or dividends) 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 § 27-1-20-4 (2026).

Text

If any investment when made or purchased conforms to the requirements of this law, or of any law of this state at the date of such deposit, it shall continue to be eligible for deposit for the full amount thereof so long as:

(a)in the case of an interest-bearing investment, the interest is not in default for more than two (2) years; and (b) in the case of a dividend-paying investment, the dividends are not unpaid for more than two (2) years: Provided, however, That when there shall be a default in the payment of interest, or a failure to pay dividends, for a period of more than two (2) years, the commissioner may, if he deems it advisable, require the company to furnish reasonable proof of the then fair value of the investment and the same shall thereafter continue to be a proper investme

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If any investment when made or purchased
conforms to the requirements of this law, or of any law of this state at
the date of such deposit, it shall continue to be eligible for deposit for
the full amount thereof so long as: (a) in the case of an interest-bearing
investment, the interest is not in default for more than two (2) years;
and (b) in the case of a dividend-paying investment, the dividends are
not unpaid for more than two (2) years: Provided, however, That when
there shall be a default in the payment of interest, or a failure to pay
dividends, for a period of more than two (2) years, the commissioner
may, if he deems it advisable, require the company to furnish
reasonable proof of the then fair value of the investment and the same
shall thereafter continue to be a proper investment and available for
deposit for the fair value thus determined, not exceeding the amount
due on any given promise to pay or the amount paid for a given share
of stock.
Formerly: Acts 1935, c.162, s.251.