Indiana Statutes
§ 27-7-9-7 — Mine subsidence insurance fund; deposits; investment
(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
Indiana § 27-7-9-7 (Mine subsidence insurance fund; deposits; investment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.164-1986, SEC.1.
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Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10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"