Indiana § 27-9-1-6 Bonds of commissioner and deputies

Indiana Statutes

§ 27-9-1-6 — Bonds of commissioner and deputies

Indiana·Title 27 INSURANCE·Art. 9 SUPERVISION; REHABILITATION;·Ch. 1 General Provisions

In any proceeding under IC 27-9, the
commissioner and his deputies are responsible on their official bonds
for the faithful performance of their duties. If the court considers it
desirable for the protection of the insurer's assets, the court may at any
time require an additional bond from the commissioner or his deputies.
Those bonds shall be paid for out of the assets of the insurer as a cost
of administration.
As added by Acts 1979, P.L.255, SEC.1.

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

In any proceeding under IC 27-9, the
commissioner and his deputies are responsible on their official bonds
for the faithful performance of their duties. If the court considers it
desirable for the protection of the insurer's assets, the court may at any
time require an additional bond from the commissioner or his deputies.
Those bonds shall be paid for out of the assets of the insurer as a cost
of administration.
As added by Acts 1979, P.L.255, SEC.1.

Indiana § 27-9-1-6 (Bonds of commissioner and deputies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.