Sec. 15. All insurers must deposit with the commissioner cash, United States treasury notes, or bonds in bearer form with coupons attached having a par value of at least seventy-five thousand dollars ($75,000) in order to obtain a license to engage in the bail bond business, out of which the commissioner shall satisfy judgment on all forfeitures which have not been paid. Such deposit shall be subject to all laws and rules as are deposits by domestic insurance companies.
As added by P.L.261-1985, SEC.1. Amended by P.L.255-1995, SEC.12.
Structure Indiana Code
Chapter 3. Licensure and Registration
27-10-3-1. Bail Agent and Recovery Agent; Licenses; Qualifications
27-10-3-2. Expiration of License; Reinstatement
27-10-3-3. Applications; Qualifications
27-10-3-4. Examination; Fees; Fingerprints and Photographs
27-10-3-5. Recovery Agent; Additional Licensing Requirements; Fees; Fingerprints and Photographs
27-10-3-6. Examination; Application
27-10-3-7. Renewal; Fees; Continuing Education
27-10-3-7.1. Continuing Education Course Approval; Fees; Criteria
27-10-3-8. Denial, Suspension, or Revocation of Licenses; Refusal to Renew
27-10-3-9. Suspension or Revocation of Licenses; Hearings; Witnesses; Attorneys; Penalty
27-10-3-10. Suspension or Revocation of Licenses; Appeals
27-10-3-11. Surety Bail Agents; Terminating Appointment; Premiums Owed; Remedies
27-10-3-12. Deposits in Accounts of Insurers or Agents; Reports
27-10-3-13. Discontinuing Business; Return of License
27-10-3-14. Recovery Agent; Use of Licensed Persons; List
27-10-3-15. Insurers; Deposits; Engaging in Bail Bond Business
27-10-3-17. Registration of Licenses; Power of Attorney
27-10-3-19. Duty of Commissioner Upon Receipt of Support Order; Reinstatement