If:(1) a health maintenance organization ceases operation for reasons other than:(A) insolvency; or(B) receivership;(2) the organization is not a debtor in any pending bankruptcy proceeding;(3) the health maintenance organization submits a request in writing to the commissioner for the return of the deposit made by the organization; and(4) the health maintenance organization has furnished the commissioner with written proof that all claims liabilities of the health maintenance organization have been paid;the commissioner shall return all or a part of the deposit to the health maintenance organization not more than thirty (30) days after the commissioner receives written proof from the organization under subdivision (4).As added by P.L.26-1994, SEC.25.
Indiana Legal Code