Investment of Surplus Premiums Over Losses; Segregation of Funds

Checkout our iOS App for a better way to browser and research.

Sec. 8. All money appropriated by the state and any surplus of premiums over losses and expenses received by the authority shall be placed in a segregated fund and shall be invested and reinvested by the commissioner within the limitations set forth in IC 27-1-13. Investment income generated shall remain in the segregated fund.

[Pre-1998 Recodification Citation: 27-12-17-8.]

As added by P.L.1-1998, SEC.13.


Download our app to see the most-to-date content.