Indiana Code § 27-13-13-4

Income from deposits; replacing deposits
Open in Lexace · Ask the AI about this section
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.

‹ Prev All Indiana sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.