Ind. Code § 27-1-20-9
Substitution of securities on deposit; withdrawal of securities in excess of requirements
Indiana · Indiana Code Title 27 — Insurance · Status: effective
Cite this
- Citation
- Ind. Code § 27-1-20-9, Substitution of securities on deposit; withdrawal of securities in excess of requirements, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661950
- Permanent ID
ys:prov:1661950@1- SHA-256
6023f3b58bfa753ae7bb164363fae7c53832c181f6d07100e55b73db4df69bd8
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
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 Companies shall have the right at any time to change their securities on deposit, by substituting for those withdrawn a like amount in other securities of the character provided for in this article, and whenever the net cash value of policies outstanding and in force against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.