Indiana Statutes

§ 27-8-3-13 — Authority to deposit securities; investment of reserve funds

Indiana § 27-8-3-13
JurisdictionIndiana
Title 27INSURANCE
Art. 8LIFE, ACCIDENT, AND HEALTH
Ch. 3Mutual Life and Accident─Formation

This text of Indiana § 27-8-3-13 (Authority to deposit securities; investment of reserve funds) 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 § 27-8-3-13 (2026).

Text

This chapter shall not be construed to limit the accumulation of a reserve or emergency fund by any corporation, association, or society subject to the provisions of this chapter. Any such corporation, association, or society may, in its discretion, through its officers or directors, deposit with the insurance commissioner such securities and for such amounts as may be approved by him, and, when so deposited, shall be retained by him for the purposes described in this chapter. All other investments of reserve funds shall be made in the same class of securities as are allowed by law for the investment of funds by insurance corporations. Formerly: Acts 1897, c.195, s.13. As amended by P.L.252-1985, SEC.285.

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Bluebook (online)
Indiana § 27-8-3-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-8-3-13.