Ind. Code § 27-7-9-7
Mine subsidence insurance fund; deposits; investment
Indiana · Indiana Code Title 27 — Insurance · Status: effective
Cite this
- Citation
- Ind. Code § 27-7-9-7, Mine subsidence insurance fund; deposits; investment, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663568
- Permanent ID
ys:prov:1663568@1- SHA-256
c226829ba3460da481b7dc93cce8a458c068ec43aaa7c76b4575d34de7a8cf94
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. 7.
(a) The mine subsidence insurance fund is established for the purpose of making mine subsidence insurance available to owners of property located in counties identified under section 6 of this chapter. The fund shall be administered by the commissioner. Money shall be deposited in the fund from:
(1) premiums for mine subsidence insurance remitted by insurers to the commissioner; and
(2) funds obtained through federal grants or any other source.
(b) The expenses of administering the fund shall be paid from money in the fund.
(c) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund.
(d) Money in the fund at the end of a particular fiscal year does not revert to the state general fund.