Indiana Code 27-2-15-10. Rules
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Terms Used In Indiana Code 27-2-15-10
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
Sec. 10. The insurance commissioner may adopt rules under IC 4-22-2 necessary to implement this chapter. These rules must include a procedure for the administration of escrow accounts established under section 5 of this chapter, including the disposition of any funds in the escrow account not claimed under section 6 of this chapter.
As added by P.L.247-1989, SEC.2.