Section 28-7-1-31.5 - Insurance; examinations(a) Before transacting business in Indiana, a credit union shall insure its shares and other deposits with the National Credit Union Share Insurance Fund or a similar insurance company approved by the department.(b) The department may examine any organization that insures the shares of a credit union that is subject to this chapter. The reasonable costs of an examination conducted under this subsection may be charged to the organization that is examined.As added by P.L. 270-1983, SEC.8. Amended by P.L. 263-1995, SEC.28.