IC 27-13-13-4: Income from deposits; replacing deposits

Sec. 4. (a) All income from deposits made under this chapter is an asset of the organization that made the deposits.

(b) A health maintenance organization that has made a deposit under this chapter may replace the deposit or any part of the deposit with an equal amount and value of:

(1) cash;

(2) certificates of deposit;

(3) United States government obligations acceptable to the commissioner;

(4) any other securities acceptable to the commissioner; or

(5) any combination of subdivisions (1) through (4).

(c) Any obligations of the United States government must be approved by the commissioner before being deposited or substituted under this chapter.