Sec. 4. (a) All income from deposits made under this chapter is an asset of the organization that made the deposits.

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Terms Used In Indiana Code 27-13-13-4

  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
     (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.

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