Indiana Statutes
§ 27-1-20-7 — Withdrawal from deposit to pledge for loan; effect; redeposit
Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 20 Additional Provisions Pertaining to All Insurance
Nothing in this article shall prevent a life
insurance company, with the commissioner's consent, from
withdrawing investments from deposit for the purpose of pledging
them for a loan or loans, in which case the difference between the
deposit value of such investments and the amount of the obligation or
obligations thereby secured shall, unless and until such pledge is
foreclosed, continue as a deposit credit, and when such investments are
offered for deposit they shall be reinstated in all respects to their former
status as a deposit.
Formerly: Acts 1935, c.162, s.254. As amended by
P.L.252-1985, SEC.89.
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Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"