Indiana § 27-10-3-15 Insurers; deposits; engaging in bail bond business

Indiana Statutes

§ 27-10-3-15 — Insurers; deposits; engaging in bail bond business

Indiana § 27-10-3-15

Title 27INSURANCE

Art. 10INDIANA BAIL LAW

Ch. 3Licensure and Registration

This text of Indiana § 27-10-3-15 (Insurers; deposits; engaging in bail bond business) 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 § 27-10-3-15 (2026).

Text

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.

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

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.