Sec. 6. In any proceeding under IC 27-9, the commissioner and his deputies are responsible on their official bonds for the faithful performance of their duties. If the court considers it desirable for the protection of the insurer's assets, the court may at any time require an additional bond from the commissioner or his deputies. Those bonds shall be paid for out of the assets of the insurer as a cost of administration.
Ind. Code § 27-9-1-6
Bonds of commissioner and deputies
Applied in 2 court decisions — leading case 57 Wash. App. 783 - Allied Fidelity Insurance v. Ruth (1990)
Most recently applied in 57 Wash. App. 783 - Allied Fidelity Insurance v. Ruth (May 1990)
As added by Acts 1979, P.L.255, SEC.1.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.