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Indiana Code Title 27. Insurance § 27-7-3.6-7

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

Sec. 7. (a) A person that purchases a title insurance policy shall pay to the title insurer that issues the title insurance policy a fee of five dollars ($5) as a fee for the title insurance enforcement fund at the time of payment for the title insurance policy.

(b) A title insurer shall:

(1) retain two dollars ($2) of the fee collected under subsection (a) as an administrative fee;  and

(2) pay to the department three dollars ($3) of the fee collected under subsection (a) for deposit in the title insurance enforcement fund.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-7-3.6-7 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-7-3-6-7/

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