312 IAC 6-5-5
312 IAC 6-5-5 Bonds
Cite as Ind. Admin. Code tit. 312, r. 6-5-5
Sec. 5. (a) Except as provided in this section, a bond shall be posted by the license applicant with the department to assure prompt
compliance with the terms and conditions of the license. Bond shall be in the form of a surety bond, a cash bond, or a certificate of deposit. No surety
bond shall be approved unless issued by a company holding an applicable certificate of authority from the department of insurance, state of
Indiana.
(b) The bond for any extraction resulting from surface coal mining operations shall be as determined under IC 14-34 and
312 IAC 25.
(c) The bond for any well for oil and gas purposes shall be as determined under IC 14-37 and 312 IAC 16-4.