§ 27-1-20-1

The department, in the name of the State of Indiana, and for the benefit of the owners of all securities subject to negotiation by delivery, and deposited with the department or under its supervision, shall purchase and maintain insurance, in an aggregate amount not to exceed one million dollars, against loss from any cause that the department may deem appropriate.Formerly: Acts 1935, c.162, s.248; Acts 1971, P.L.385, SEC.5.