Indiana Statutes

§ 27-7-9-7 — Mine subsidence insurance fund; deposits; investment

Indiana § 27-7-9-7
JurisdictionIndiana
Title 27INSURANCE
Art. 7SPECIAL TYPES OF INSURANCE
Ch. 9Mine Subsidence Insurance

This text of Indiana § 27-7-9-7 (Mine subsidence insurance fund; deposits; investment) 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 § 27-7-9-7 (2026).

Text

(a)The mine subsidence insurance fund is established for the purpose of making mine subsidence insurance available to owners of property located in counties identified under section 6 of this chapter. The fund shall be administered by the commissioner. Money shall be deposited in the fund from:
(1)premiums for mine subsidence insurance remitted by insurers to the commissioner; and
(2)funds obtained through federal grants or any other source.
(b)The expenses of administering the fund shall be paid from money in the fund.
(c)The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
(d)Money in the

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

Legislative History

As added by P.L.164-1986, SEC.1.

Nearby Sections

15
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
Indiana § 27-7-9-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-7-9-7.