{"data":{"id":"us-in/ic-27-17-9-3","jurisdiction":"us-in","citation":"IC 27-17-9-3","heading":"Option to maintain a deposit; income","body":"Sec. 3. (a) A discount medical card program organization may, instead of maintaining a surety bond under section 2 of this chapter, maintain a deposit with:\n(1) the commissioner; or\n(2) at the discretion of the commissioner, an organization or a trustee approved by the commissioner and using a custodial or controlled account;\ncash, securities, a combination of cash and securities, or another measure approved by the commissioner and having at all times a market value equal to at least thirty-five thousand dollars ($35,000).\n(b) Income that results from a deposit made under subsection (a) is an asset of the discount medical card program organization.","path":["TITLE 27. INSURANCE","ARTICLE 17. DISCOUNT MEDICAL CARD PROGRAM ORGANIZATIONS","Chapter 9. Financial Requirements"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-17-9-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"9bce6f4c3e3f2020ec46c31136d15fdacd033d68eaf98268cc6163aa6fb14ff8","source_id":"us-in","stale":false,"prev":"us-in/ic-27-17-9-2","next":"us-in/ic-27-17-9-4"},"notice":"GroundRules: Original legal text. Not legal advice."}