Indiana Statutes
§ 27-10-3-15 — Insurers; deposits; engaging in bail bond business
All insurers must deposit with the
commissioner cash, United States treasury notes, or bonds in bearer
form with coupons attached having a par value of at least seventy-five
thousand dollars ($75,000) in order to obtain a license to engage in the
bail bond business, out of which the commissioner shall satisfy
judgment on all forfeitures which have not been paid. Such deposit
shall be subject to all laws and rules as are deposits by domestic
insurance companies.
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Legislative History
As added by P.L.261-1985, SEC.1. Amended by P.L.255-1995,
SEC.12.
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Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10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"