Sec. 9. Companies shall have the right at any time to change their securities on deposit, by substituting for those withdrawn a like amount in other securities of the character provided for in this article, and whenever the net cash value of policies outstanding and in force against any company is less than the amount of securities then on deposit with the department, said company shall have the right to withdraw such excess, but at least twenty-five thousand dollars ($25,000) shall remain on deposit.
Formerly: Acts 1935, c.162, s.256. As amended by P.L.252-1985, SEC.90.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 20. Additional Provisions Pertaining to All Insurance Companies
27-1-20-1. Insurance of Deposited Securities
27-1-20-3. Eligibility of Investments for Deposit; Existing Investments
27-1-20-4. Revaluation of Investments Omitting Interest or Dividends
27-1-20-5. Deposit of Securities Acquired From Foreign Life Insurer Under Reinsurance Agreement
27-1-20-7. Withdrawal From Deposit to Pledge for Loan; Effect; Redeposit
27-1-20-9. Substitution of Securities on Deposit; Withdrawal of Securities in Excess of Requirements
27-1-20-10. Disposition of Interest Earned by Securities on Deposit
27-1-20-11. Discontinuance of Business; Procedure for Return of Deposited Securities
27-1-20-12. Retaliatory Provisions
27-1-20-13. Fees of Secretary of State
27-1-20-14. Pension Plan for Officers and Employees
27-1-20-15. Automatic Revocation of Authority for Failure to Timely Complete Organization
27-1-20-19. Misrepresentation of Funds Available to Pay Losses or Policy Claims
27-1-20-20. Financial Statement; Requirements; Violations; Penalties
27-1-20-21. Annual Financial Statement; Microfilm Copies
27-1-20-21.2. Civil Penalty; Failure to Comply With Ic 27-1-20-21
27-1-20-21.3. Actuarial Opinions
27-1-20-22. Verification of Accounts and Reports
27-1-20-26. Exemption From Article of a Farm Mutual Insurance Company
27-1-20-27. Exemption of Domestic Mutual Fire Insurance Companies
27-1-20-29. Exemption of Abstract and Title Insurance Companies
27-1-20-30. Rebate of Premium or Commission; Unfair Competition
27-1-20-31. Restrictions on Interlocking Directorates
27-1-20-32. Effect of Captions
27-1-20-33. Annual Statement Blank, Additional Filings and Quarterly Statements; Filings With Naic
27-1-20-35. Insurer Response to Department Request
27-1-20-36. Health Insurer Withdrawal From Individual Market