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

Indiana Statutes

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

Indiana § 27-7-3-7

Title 27INSURANCE

Art. 7SPECIAL TYPES OF INSURANCE

Ch. 3Abstract and Title Insurance

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Bluebook

Ind. Code § 27-7-3-7 (2026).

Text

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.

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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.