Indiana Code Title 26. Commercial Law § 26-3-7-14.2

Sec. 14.2. (a) A licensee under this chapter shall maintain a minimum current ratio of one to one (1:1) or better.  The current ratio is determined by dividing a licensee's current assets by the licensee's current liabilities, as demonstrated by the licensee's financial statement submitted to the agency, the quotient of which is rounded to the nearest ten-thousandth (0.0001) decimal place.

(b) For purposes of subsection (a), a better ratio includes the absence of a current ratio where the value of a licensee's current liabilities, as demonstrated by the licensee's financial statement submitted to the agency, is zero (0).

(c) The addition by the licensee of an amount required under this section does not itself constitute or effect a cure of a current ratio deficiency.

(d) If the licensee's demonstrated current ratio is less than the required amount but greater than eighty-five percent (85%) of the required amount, then:

(e) If the licensee's demonstrated current ratio is less than or equal to eighty-five percent (85%) of the required amount or has not cured the ratio deficiency as required in subsection (d)(2), then the director shall hold an informal meeting in accordance with this chapter and, within thirty (30) days of the conclusion of the informal meeting, issue either:

(f) If a licensee, after an informal meeting in subsection (e):

the license or licenses of the licensee.

(g) Subject to section 31.8 of this chapter, the director shall assess a fine of one thousand dollars ($1,000) against a licensee that does not maintain the minimum ratio requirement under subsection (a).