Indiana § 27-7-3-7 Deposits; title insurance fund

Indiana Statutes

§ 27-7-3-7 — Deposits; title insurance fund

Indiana·Title 27 INSURANCE·Art. 7 SPECIAL TYPES OF INSURANCE·Ch. 3 Abstract and Title Insurance

Every company described in section 3 of this
chapter, before engaging in business, shall deposit with the department
the sum of fifty thousand dollars ($50,000) either out of its capital or
surplus. The deposit shall be known as the title insurance fund and
must be deposited in securities of the kind and character designated by
IC 27-1-13-3(b).
Formerly: Acts 1937, c.104, s.7. As amended by P.L.252-1985,
SEC.253; P.L.159-1986, SEC.5; P.L.161-1986, SEC.2; P.L.184-1996,
SEC.3.

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

Every company described in section 3 of this
chapter, before engaging in business, shall deposit with the department
the sum of fifty thousand dollars ($50,000) either out of its capital or
surplus. The deposit shall be known as the title insurance fund and
must be deposited in securities of the kind and character designated by
IC 27-1-13-3(b).
Formerly: Acts 1937, c.104, s.7. As amended by P.L.252-1985,
SEC.253; P.L.159-1986, SEC.5; P.L.161-1986, SEC.2; P.L.184-1996,
SEC.3.

Indiana § 27-7-3-7 (Deposits; title insurance fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.