Sec. 4. (a) All income from deposits made under this chapter is an asset of the organization that made the deposits.
(b) A health maintenance organization that has made a deposit under this chapter may replace the deposit or any part of the deposit with an equal amount and value of:
(1) cash;
(2) certificates of deposit;
(3) United States government obligations acceptable to the commissioner;
(4) any other securities acceptable to the commissioner; or
(5) any combination of subdivisions (1) through (4).
(c) Any obligations of the United States government must be approved by the commissioner before being deposited or substituted under this chapter.
As added by P.L.26-1994, SEC.25.
Structure Indiana Code
Article 13. Health Maintenance Organizations
Chapter 13. Protection Against Insolvency; Deposit Requirements
27-13-13-1. Items Deposited; Minimum Value
27-13-13-3. Deposits Considered Admitted Asset
27-13-13-4. Income From Deposits; Replacing Deposits
27-13-13-6. Reduction or Elimination of Deposit Requirements for Foreign Corporations