Sec. 6. Every alien company shall deposit with the department securities of the amount and value of one hundred thousand dollars ($100,000) invested in the classes of securities in which insurance companies are permitted by the laws of this state to make investments, or, satisfy the department that it has on deposit with the proper official of a state of the United States, authorized by the laws of such state to accept such deposit, securities of the amount and value of one hundred thousand dollars ($100,000), of the classes in which like insurance companies of such state are permitted to make their investments, for the benefit and security of all its policyholders and creditors in the United States, and the company shall file with the department the certificate of such official of any such deposit held by him.
Formerly: Acts 1935, c.162, s.231.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana
27-1-17-1. Necessity of Certificate of Authority
27-1-17-4. Documents Required for Admittance
27-1-17-4.2. Service of Process in Action on Surety Bonds
27-1-17-5. Capital and Surplus or Surplus of Assets Over Liabilities; Investment of Surplus
27-1-17-7. Trustees of Assets of Alien Insurer