Sec. 1005. A licensee shall maintain a policy of insurance, issued by an insurer authorized to do business in Indiana, that insures the applicant against loss by a criminal act or by an act of dishonesty. The principal sum of the policy shall be at least equal to the amount of the surety bond required under section 1002 of this chapter.
Ind. Code § 28-8-4.1-1005
Policy of insurance against loss by criminal act or act of dishonesty; required sum
Known as the Money Transmission Modernization Act
The act spans §§ 28-8-4.1-1001 to 28-8-4.1-903 (53 sections).
As added by P.L.198-2023, SEC.4.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.