Indiana § 27-10-3-12 Deposits in accounts of insurers or agents; reports

Indiana Statutes

§ 27-10-3-12 — Deposits in accounts of insurers or agents; reports

Indiana·Title 27 INSURANCE·Art. 10 INDIANA BAIL LAW·Ch. 3 Licensure and Registration

All insurers or general agents requiring bail
bond agents to post deposits pursuant to their bail bond writing
authority must maintain those deposits in a bank, savings association,
or credit union in this state. Each insurer or general agent shall report
to the commissioner the location of each agent's account at the time of
the agent's license issuance or renewal. Any change in the location of
an agent's account shall be reported by the insurer or general agent to
the commissioner within thirty (30) days of the change of location.

Free access — add to your briefcase to read the full text and ask questions with AI

All insurers or general agents requiring bail
bond agents to post deposits pursuant to their bail bond writing
authority must maintain those deposits in a bank, savings association,
or credit union in this state. Each insurer or general agent shall report
to the commissioner the location of each agent's account at the time of
the agent's license issuance or renewal. Any change in the location of
an agent's account shall be reported by the insurer or general agent to
the commissioner within thirty (30) days of the change of location.

Indiana § 27-10-3-12 (Deposits in accounts of insurers or agents; reports) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.