Sec. 3. (a) A discount medical card program organization may, instead of maintaining a surety bond under section 2 of this chapter, maintain a deposit with: (1) the commissioner; or (2) at the discretion of the commissioner, an organization or a trustee approved by the commissioner and using a custodial or controlled account; cash, securities, a combination of cash and securities, or another measure approved by the commissioner and having at all times a market value equal to at least thirty-five thousand dollars ($35,000). (b) Income that results from a deposit made under subsection (a) is an asset of the discount medical card program organization.
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