Sec. 38. The director or agency may adopt rules under IC 4-22-2 to carry out the purposes and intent of this chapter, including the following:
(1) Inspections permitted under this chapter.
(2) The receipt and retention of cash deposits.
(3) The distribution of interest that may accrue from funds held by the agency for the payment of claims.
(4) Acceptable terms for letters of credit.
(5) Fines for violations of this chapter.