Indiana Code Title 28. Financial Institutions § 28-5-1-16

Sec. 16.  (a) The board of directors shall develop a records retention policy.  In developing the policy, the board of directors shall consider:

(b) Except for records that must be permanently retained, a company may dispose of a record that has been retained for the period required and in the manner required by the records retention policy.  A company is not under a duty to produce the record in an action or proceeding after the disposal of the record.

(c) The department may require each such company to prepare and submit such reports of condition as are deemed necessary in any year, and if the department so orders, any such company shall publish such statement of condition in the manner and form prescribed by the department.