Sec. 7. Every company described in section 3 of this chapter, before engaging in business, shall deposit with the department the sum of fifty thousand dollars ($50,000) either out of its capital or surplus. The deposit shall be known as the title insurance fund and must be deposited in securities of the kind and character designated by IC 27-1-13-3(b).
Ind. Code § 27-7-3-7
Deposits; title insurance fund
Known as the The Indiana Abstract and Title Insurance Law
The act spans §§ 27-7-3-1 to 27-7-3-9 (24 sections).
Formerly: Acts 1937, c.104, s.7
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.