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Indiana Code Title 27. Insurance § 27-13-13-1

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 1. Except as provided in this chapter, a health maintenance organization shall deposit with the commissioner or, at the discretion of the commissioner, with any bank or bank and trust company or other trustee acceptable to the commissioner through which a custodial or controlled account is used:

(1) cash;

(2) certificates of deposit;

(3) United States government obligations acceptable to the commissioner;

(4) any other securities acceptable to the commissioner;  or

(5) a combination of items described in subdivisions (1) through (4);

which at all times must have a value of at least five hundred thousand dollars ($500,000).

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-13-13-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-13-13-1/

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