Indiana § 27-1-20-9 Substitution of securities on deposit; withdrawal of securities in excess
of requirements

Indiana Statutes

§ 27-1-20-9 — Substitution of securities on deposit; withdrawal of securities in excess of requirements

Indiana § 27-1-20-9

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 20Additional Provisions Pertaining to All Insurance

This text of Indiana § 27-1-20-9 (Substitution of securities on deposit; withdrawal of securities in excess of requirements) 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 § 27-1-20-9 (2026).

Text

Companies shall have the right at any time to
change their securities on deposit, by substituting for those withdrawn
a like amount in other securities of the character provided for in this
article, and whenever the net cash value of policies outstanding and in
force against any company is less than the amount of securities then on
deposit with the department, said company shall have the right to
withdraw such excess, but at least twenty-five thousand dollars
($25,000) shall remain on deposit.
Formerly: Acts 1935, c.162, s.256. As amended by
P.L.252-1985, SEC.90.

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Companies shall have the right at any time to
change their securities on deposit, by substituting for those withdrawn
a like amount in other securities of the character provided for in this
article, and whenever the net cash value of policies outstanding and in
force against any company is less than the amount of securities then on
deposit with the department, said company shall have the right to
withdraw such excess, but at least twenty-five thousand dollars
($25,000) shall remain on deposit.
Formerly: Acts 1935, c.162, s.256. As amended by
P.L.252-1985, SEC.90.