Indiana Code Title 27. Insurance § 27-9-3-2

Sec. 2. (a) An order to rehabilitate the business of a domestic insurer, or an alien insurer domiciled in Indiana, must:

(b) The filing or recording of the order with the clerk of the Marion County circuit court or recorder of deeds of the county in which the principal business of the company is conducted, or the county in which its principal office or place of business is located, shall impart the same notice as a deed, bill of sale, or other evidence of title duly filed or recorded with that recorder of deeds would have imparted.  The order to rehabilitate the insurer shall by operation of law vest title to all assets of the insurer in the rehabilitator.

(c) An order issued under this section must require accounting by the rehabilitator to the Marion County circuit court.  Accountings shall be at intervals as the Marion County circuit court specifies in its order.

(d) Entry of an order of rehabilitation does not constitute an anticipatory breach of any contracts of the insurer.