Ind. Code § 27-1-26-11 — Indiana Code / Title 27 / Article 1 / Chapter 26 / Section 27-1-26-11
Regulations
Status: in_force

Sec. 11. The commissioner may adopt regulations under IC 4-22-2 necessary to administer this chapter.

As added by Acts 1981, P.L.245, SEC.1.
Ind. Code § 27-8-5.9-1 — Indiana Code / Title 27 / Article 8 / Chapter 5.9 / Section 27-8-5.9-1
"Covered individual"
Status: in_force

Sec. 1. As used in this chapter, "covered individual" means an individual entitled to coverage under a short term insurance plan.

As added by P.L.288-2019, SEC.7.
Ind. Code § 27-1-45.2-7 — Indiana Code / Title 27 / Article 1 / Chapter 45.2 / Section 27-1-45.2-7
"Out of network provider"
Status: in_force

Sec. 7. As used in this chapter, "out of network provider" means a provider that is not contracted with a health carrier to provide health care services to covered individuals at not more than a preestablished rate or amount of compensation.

As added by P.L.119-2026, SEC.1.
Ind. Code § 27-13-12-1 — Indiana Code / Title 27 / Article 13 / Chapter 12 / Section 27-13-12-1
"Net worth" defined; computation
Status: in_force

Sec. 1. (a) As used in this chapter, "net worth" means the excess of total assets over total liabilities, excluding liabilities that have been subordinated in a manner acceptable to the commissioner.

(b) For the purposes of computing net worth, the total assets must be reduced by the value assigned to the following intangible assets:

(1) Goodwill.

(2) Going concern value.

(3) Organizational expense.

(4) Start-up costs.

(5) Long term prepayments of deferred charges.

(6) Nonreturnable deposits.

(7) Obligations of officers, directors, owners, or affiliates, except short term obligations of affiliates for goods or services that:

(A) arise in the normal course of business;

(B) are payable on the same terms as equivalent transactions with nonaffiliates; and

(C) are not past due.

(c) For purposes of computing net worth, the health maintenance organization may include in its assets the value assigned to the following:

(1) Medical equipment that:

(A) is owned by the health maintenance organization and is not subject to any lien, claim, or encumbrance;

(B) is used in the treatment, diagnosis, or care of enrollees of the health maintenance organization;

(C) has an initial cost of at least three thousand dollars ($3,000) for each piece of equipment; and

(D) has a useful life of at least two (2) years.

(2) Data processing equipment that is:

(A) owned by the health maintenance organization and is not subject to any lien, claim, or encumbrance; and

(B) used in the operation of the health maintenance organization.

(d) The value assigned to the assets described in subsection (c) must equal the lesser of:

(1) the fair market value; or

(2) the cost of the equipment, minus its accumulated depreciation, calculated in accordance with generally accepted accounting principles.

(e) The aggregate value of the medical equipment described in subsection (c)(1) may not exceed thirty percent (30%) of the total assets permitted to be included in the computation of net worth.

As added by P.L.26-1994, SEC.25. Amended by P.L.195-1996, SEC.6.
Ind. Code § 27-13-34-0.1 — Indiana Code / Title 27 / Article 13 / Chapter 34 / Section 27-13-34-0.1
Application of certain amendments to chapter
Status: in_force

Sec. 0.1. The amendments made to section 12 of this chapter by P.L.69-1998 apply to contracts that are entered into, renewed, or modified after June 30, 1998.

As added by P.L.220-2011, SEC.461.
Ind. Code § 27-6-9-7 — Indiana Code / Title 27 / Article 6 / Chapter 9 / Section 27-6-9-7
Reinsurance intermediary-broker
Status: in_force

Sec. 7. As used in this chapter, "reinsurance intermediary-broker" or, "RB" means any person, other than an officer or employee of the ceding insurer, "firm," association, or corporation who solicits, negotiates, or places reinsurance cessions or retrocessions on behalf of a ceding insurer without the authority or power to bind reinsurance on behalf of that insurer.

As added by P.L.26-1991, SEC.26.
Ind. Code § 27-1-22-26.1 — Indiana Code / Title 27 / Article 1 / Chapter 22 / Section 27-1-22-26.1
Motor vehicle insurance; rating plan for active and reserve members of armed forces; violation
Status: in_force

Sec. 26.1. (a) As used in this section, "armed forces" means the active and reserve components of the following:

(1) The United States Army.

(2) The United States Navy.

(3) The United States Air Force.

(4) The United States Marine Corps.

(5) The United States Space Force.

(6) The United States Coast Guard.

(7) The Indiana National Guard.

(b) As used in this section, "motor vehicle insurance" means any type of insurance described in IC 27-1-5-1, Class 2(f).

(c) As used in this chapter, "rating plan" means the rating schedule or rating plan of an insurer:

(1) concerning premium rates for motor vehicle insurance;

(2) that has been filed with the commissioner; and

(3) that is in effect under section 4 of this chapter.

(d) An insurer that issues or renews a policy of motor vehicle insurance may not set the premium rate for a policy of motor vehicle insurance that covers an individual who is serving in one (1) of the armed forces at an amount higher than the applicable rate set forth in the rating plan for a policy of motor vehicle insurance that covers an individual who is not serving in one (1) of the armed forces.

(e) A violation of this section is an unfair and deceptive act or practice in the business of insurance under IC 27-4-1-4.

As added by P.L.39-2005, SEC.1. Amended by P.L.238-2025, SEC.81.
Ind. Code § 27-7-14-3 — Indiana Code / Title 27 / Article 7 / Chapter 14 / Section 27-7-14-3
"Group"
Status: in_force

Sec. 3. As used in this chapter, "group" means a group of individuals who:

(1) have similar professional attributes;

(2) belong to the group for purposes other than that of obtaining insurance; and

(3) are eligible to purchase motor vehicle insurance.

As added by P.L.146-2015, SEC.31.
Ind. Code § 27-8-3-7 — Indiana Code / Title 27 / Article 8 / Chapter 3 / Section 27-8-3-7
Accumulation of reserve or emergency fund; investment; additional funds; use of excess
Status: in_force

Sec. 7. Every such life insurance corporation, association, or society shall accumulate and maintain a reserve or emergency fund equal to such sum as might be realized from one (1) assessment on, or periodical payment by, policy or certificate holders thereof, and, in no event, less than the amount of its maximum policy or certificate. Such fund, if not already accumulated, shall be accumulated by every such corporation, association, or society existing on March 9, 1897, by September 9, 1897, and by every corporation, association, or society formed under this chapter after March 9, 1897, within six (6) months from the date of its incorporation or organization, and shall be held as a trust fund for the purposes for which such fund was created or accumulated. In case such fund or any portion thereof shall have been used by the corporation, association, or society for the purpose or purposes for which the same was created or accumulated and the amount thereof thereby reduced to less than the amount of one (1) death assessment or periodical payment, the amount of such reduction below the amount of one (1) death assessment or periodical payment shall be made up and restored to said fund within six (6) months thereafter. Such fund may be held in cash or invested in the same class of securities required by law for the investment of funds by insurance corporations; and nothing contained in this chapter shall prevent the creation and accumulation of other funds in excess of the amount required in this chapter to provide for the purposes of such corporation, association, or society. If such fund is in excess of the amount of one (1) death assessment or periodical payment upon all certificate or policyholders and not less than the sum of fifty thousand dollars ($50,000), the excess or any portion thereof may be used in the reduction of assessment or periodical payments by policy or certificate holders by ratable cash dividends or credits, or in such other equitable division or apportionment thereof as its bylaws or rules may provide, and such use shall not be deemed or construed to mean a profit received by members within the meaning of the statutes of this state, or the pro rata excess on any policy or certificate terminated by death or surrender may be refunded to the holder or beneficiary, as may be provided for in said policy or contract; provided, that nothing contained in this chapter shall be construed to permit any contract promising any fixed cash payment to any living certificate or policyholder excepting in the contingency of physical disability.

Formerly: Acts 1897, c.195, s.7. As amended by P.L.252-1985, SEC.280.
Ind. Code § 27-1-15.8-1 — Indiana Code / Title 27 / Article 1 / Chapter 15.8 / Section 27-1-15.8-1
Definitions; application
Status: in_force

Sec. 1. (a) Except as provided in this section, the definitions in IC 27-1-15.6-2 apply throughout this chapter.

(b) As used in this chapter, "affiliate" means, with respect to an insured, an entity that controls, is controlled by, or is under common control with the insured.

(c) As used in this chapter, "affiliated group" means a group of affiliates.

(d) As used in this chapter, "control" means:

(1) ownership or power to vote at least twenty-five percent (25%) of any class of voting securities; or

(2) power to determine the election of a majority of the directors or trustees;

of an entity.

(e) As used in this chapter, "home state" means the following:

(1) With respect to an insured:

(A) the state in which the insured maintains:

(i) the insured's principal place of business; or

(ii) if the insured is an individual, the insured's principal residence; or

(B) if one hundred percent (100%) of the insured risk is located outside the state described in clause (A), the state to which the greatest percentage of the insured's taxable premium for the insurance contract is allocated.

(2) With respect to an affiliated group, if more than one (1) insured from the affiliated group is a named insured on a single nonadmitted insurance policy or contract, the home state determined under subdivision (1) of the member of the affiliated group that has the largest percentage of premium attributed to the member under the nonadmitted insurance policy or contract.

(f) As used in this chapter, "nonadmitted insurance policy or contract" means an insurance policy or contract that is issued by an insurer that is not authorized to transact the business of insurance under the law of the home state.

(g) As used in this chapter, "principal place of business" means, with respect to determining the home state of an insured, the state where the:

(1) insured maintains the insured's headquarters; and

(2) insured's officers direct, control, and coordinate the business activities of the insured.

As added by P.L.132-2001, SEC.5. Amended by P.L.208-2018, SEC.6.
Ind. Code § 27-1-24.7-3 — Indiana Code / Title 27 / Article 1 / Chapter 24.7 / Section 27-1-24.7-3
"Health plan"
Status: in_force

Sec. 3. As used in this chapter, "health plan" means the following:

(1) A state employee health plan (as described in IC 5-10-8-7).

(2) A policy of accident and sickness insurance (as defined in IC 27-8-5-1).

(3) An individual contract (as defined in IC 27-13-1-21) and a group contract (as defined in IC 27-13-1-16).

(4) Any other plan or program that provides payment, reimbursement, or indemnification to a covered individual for the cost of prescription drugs.

As added by P.L.216-2025, SEC.42.
Ind. Code § 27-8-31-5 — Indiana Code / Title 27 / Article 8 / Chapter 31 / Section 27-8-31-5
Commission members; action; bylaws
Status: in_force

Sec. 5. (a) Each compacting state shall have and be limited to one (1) member. Each member shall be qualified to serve in that capacity under applicable law of the compacting state. Any member may be removed or suspended from office as provided by the law of the state from which the member is appointed. Any vacancy occurring in the commission shall be filled in accordance with the laws of the compacting state where the vacancy exists. Nothing in this section shall be construed to affect the manner in which a compacting state determines the election or appointment and qualification of the compacting state's commissioner.

(b) Each member is entitled to one (1) vote and is entitled to an opportunity to participate in the governance of the commission in accordance with the bylaws. Notwithstanding any provision in this chapter to the contrary, no action of the commission with respect to the promulgation of a uniform standard is effective unless two-thirds (2/3) of the members vote in favor of adoption.

(c) The commission shall, by a majority of the members, prescribe bylaws to govern the commission's conduct as may be necessary or appropriate to carry out the purposes and exercise the powers of the compact, including the following:

(1) Establishing the fiscal year of the commission.

(2) Providing reasonable procedures for appointing and electing members and holding meetings of the management committee.

(3) Providing reasonable standards and procedures:

(A) for the establishment and meetings of other committees; and

(B) governing any general or specific delegation of any authority or function of the commission.

(4) Providing reasonable procedures for calling and conducting meetings of the commission and ensuring reasonable advance notice of each meeting, including:

(A) requiring a majority of commission members to attend a meeting;

(B) providing for the right of citizens to attend the meetings with enumerated exceptions designed to:

(i) protect the public interest;

(ii) protect the privacy of individuals; and

(iii) insure proprietary information, including trade secrets;

(C) allowing a meeting in camera only after a majority of the members of the commission votes to close a meeting en toto or in part, with no proxy voting; and

(D) providing for the commission, as soon as practicable after a vote to close a meeting as described in clause (C), to make public:

(i) a copy of the vote to close the meeting revealing the vote of each member; and

(ii) votes taken during the meeting.

(5) Establishing the titles, duties, authority, and reasonable procedures for the election of the officers of the commission.

(6) Providing reasonable standards and procedures for the establishment of the personnel policies and programs of the commission. Notwithstanding any civil service or other similar laws of any compacting state, the bylaws shall exclusively govern the personnel policies and programs of the commission.

(7) Promulgating a code of ethics to address permissible and prohibited activities of commission members and employees.

(8) Providing a mechanism for winding up the operations of the commission and the equitable disposition of any surplus funds that may exist after the termination of the compact after the payment and reserving of all the commission's debts and obligations.

(d) The commission shall publish bylaws in a convenient form and file a copy of the bylaws and amendments to the bylaws with the appropriate agency or officer in each compacting state.

As added by P.L.138-2005, SEC.3.
Ind. Code § 27-11-8-8 — Indiana Code / Title 27 / Article 11 / Chapter 8 / Section 27-11-8-8
Application or petition for injunction
Status: in_force

Sec. 8. No application or petition for injunction against any domestic, foreign, or alien society, or lodge shall be recognized in any court of Indiana unless made by the attorney general upon request of the commissioner.

As added by P.L.262-1985, SEC.1.
Ind. Code § 27-3-3-2 — Indiana Code / Title 27 / Article 3 / Chapter 3 / Section 27-3-3-2
Manner of acquisition
Status: in_force

Sec. 2. (a) Any parent corporation may acquire all of the issued and outstanding voting stock of its subsidiary insurer not owned by the parent corporation in exchange for shares or other securities of the parent corporation, or cash, other consideration, or any combination of the foregoing, in the manner provided in this section. The board of directors of the parent corporation, by resolution approved by a majority of the whole board, shall adopt a plan of acquisition setting forth:

(1) the name of the subsidiary insurer;

(2) the designation and a description of the voting rights of each class, and any series thereof, of voting stock of the subsidiary insurer;

(3) the total number of issued and outstanding shares of each class, and any series thereof, of voting stock of the subsidiary insurer, the number of such shares owned by the parent corporation and, if either of the foregoing is subject to change prior to the proposed acquisition, the manner in which any change may occur;

(4) the terms and conditions of the acquisition, including the consideration to be paid and the proposed effective date of acquisition, and a statement clearly describing the rights of shareholders dissenting from the plan of acquisition;

(5) if the parent corporation is not authorized to do business in this state, its consent to the enforcement against it in this state of the rights of shareholders pursuant to the plan of acquisition or the rights of shareholders dissenting from that plan, and a designation of the commissioner as the agent upon whom process may be served against the parent corporation in any action or proceeding to enforce those rights; and

(6) such other provisions with respect to the acquisition as the board of directors of the parent corporation deems necessary or appropriate.

(b) Upon adoption of a plan of acquisition, the parent corporation shall submit that plan to the commissioner in duplicate, certified by the secretary or an assistant secretary of the parent corporation as having been adopted in accordance with the provisions of this chapter. Within thirty (30) days from the date the plan is submitted to the commissioner, the commissioner shall endorse the commissioner's approval or disapproval and the date thereof on both copies of the plan, file one (1) copy of the plan in the commissioner's offices, and deliver the other copy to the parent corporation. No plan of acquisition shall take effect unless the approval of the commissioner has been obtained. The commissioner shall approve the plan of acquisition if the commissioner is satisfied that the plan complies with this chapter and that the terms and conditions of the plan of acquisition are fair and reasonable. If the commissioner disapproves the plan, the commissioner shall advise the parent corporation in writing of the reasons for disapproval. The commissioner's disapproval of a plan of acquisition shall be subject to judicial review upon the petition of the parent corporation in accordance, so far as practical, with IC 4-21.5-5.

(c) If the commissioner approves the plan of acquisition, and if the plan has not been abandoned, the parent corporation shall deliver a copy of the plan or a summary thereof approved by the commissioner to each person who, as of the date of delivery, is a holder of record of voting stock to be acquired pursuant to the plan. Delivery shall be made either in person or by depositing a copy of the plan or an approved summary thereof in the United States mails, postage prepaid, addressed to the shareholder at the shareholder's address of record as furnished by the subsidiary insurer or its transfer agent. The parent corporation shall thereafter file with the commissioner an affidavit of its secretary or assistant secretary setting forth that the delivery was made and the date of delivery.

(d) Notwithstanding approval by the commissioner of the plan of acquisition or delivery of the plan or of an approved summary thereof to shareholders, the plan of acquisition may be abandoned at any time prior to the proposed effective date of acquisition pursuant to a provision for abandonment, if any, contained in the plan.

(e) Upon compliance with the requirements of this section and if the plan of acquisition has not been abandoned, ownership of the voting stock to be acquired pursuant to the plan shall automatically vest in the parent corporation on the date of acquisition proposed in the plan, without any physical transfer or deposit of certificates representing that voting stock, and the parent corporation shall be entitled to have new certificates therefor registered in its name. Shareholders whose voting stock is so acquired shall cease to be shareholders and shall have only the right to receive the consideration to be paid in exchange for their voting stock pursuant to the plan of acquisition.

Formerly: Acts 1973, P.L.278, SEC.1. As amended by P.L.7-1987, SEC.144; P.L.86-2018, SEC.205.
Ind. Code § 27-2-29-4 — Indiana Code / Title 27 / Article 2 / Chapter 29 / Section 27-2-29-4
"Marketplace plan"
Status: in_force

Sec. 4. As used in this chapter, "Marketplace plan" means:

(1) a policy of accident and sickness insurance;

(2) a health maintenance organization contract; or

(3) an exclusive provider organization plan, point of service plan, preferred provider organization plan, or any other plan or program;

that is a qualified health plan available from a marketplace under the Affordable Care Act.

As added by P.L.226-2023, SEC.21.
Ind. Code § 27-1-3.5-3.3 — Indiana Code / Title 27 / Article 1 / Chapter 3.5 / Section 27-1-3.5-3.3
"Internal control over financial reporting"
Status: in_force

Sec. 3.3. As used in this chapter, "internal control over financial reporting" means a process effected by a domestic insurer's board of directors, management, or other personnel that is designed to provide reasonable assurance regarding the reliability of financial statements of the domestic insurer, including the following:

(1) The items specified in section 7(c)(2) through section 7(c)(6) and section 7(d) of this chapter.

(2) Policies and procedures that do the following:

(A) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect transactions and deposit of assets.

(B) Provide reasonable assurance that:

(i) transactions are recorded as necessary to permit preparation of the financial statements; and

(ii) receipts and expenditures are made only in accordance with the authorization of management and the board of directors.

(C) Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of assets that may have a material effect on the financial statements.

As added by P.L.146-2015, SEC.7.
Ind. Code § 27-9-3.1-6 — Indiana Code / Title 27 / Article 9 / Chapter 3.1 / Section 27-9-3.1-6
"Netting agreement"
Status: in_force

Sec. 6. (a) As used in this chapter, "netting agreement" means a new agreement that:

(1) allows the parties to a previous agreement to aggregate the amounts owing by each party under all transactions that are outstanding under the previous agreement; and

(2) replaces the amounts owing under the previous agreement with a single net amount:

(A) resulting from the aggregation under subdivision (1); and

(B) owing:

(i) by one (1) party; and

(ii) to the other party;

to the previous agreement.

(b) The single net amount described in subsection (a)(2) may be determined as follows:

(1) In the event of a relevant default (including counterparty bankruptcy) as specified in the previous agreement, all transactions of a certain type are netted at:

(A) market value; or

(B) if:

(i) otherwise specified in the contract; or

(ii) market value is impossible to obtain;

an amount equal to the loss suffered by the nondefaulting party as a result of the default.

(2) Under the new agreement, the parties agree that legal obligations of the parties to make required payments under at least one (1) series of related transactions under the previous agreement are:

(A) canceled; and

(B) replaced by a new legal obligation to make payments on only the single net amount under the new agreement.

(3) In the event of a cash settled trade, the parties agree that legal obligations of:

(A) the parties; or

(B) a party and parents or affiliates of a party;

under related or unrelated transactions are canceled and replaced by the cash settled trade.

As added by P.L.11-2011, SEC.36.
Ind. Code § 27-1-37.6-9 — Indiana Code / Title 27 / Article 1 / Chapter 37.6 / Section 27-1-37.6-9
"Health plan"
Status: in_force

Sec. 9. (a) As used in this chapter, "health plan" means any of the following:

(1) A policy of accident and sickness insurance (as defined in IC 27-8-5-1). However, the term does not include the coverages described in IC 27-8-5-2.5(a).

(2) A contract with a health maintenance organization (as defined in IC 27-13-1-19) that provides coverage for basic health care services (as defined in IC 27-13-1-4).

(3) A self-insurance program established under IC 5-10-8-7(b) to provide health care coverage.

(b) The term includes the following:

(1) The insurer that issues a policy of accident and sickness insurance described in subsection (a)(1).

(2) The health maintenance organization referred to in subsection (a)(2).

(3) The entity with which the state contracts for the administration of the self-insurance program established under IC 5-10-8-7(b) to provide health care coverage.

(c) The term does not include a Medicaid managed care organization, as defined in IC 12-7-2.1-218.

As added by P.L.203-2023, SEC.19. Amended by P.L.145-2026, SEC.143.
Ind. Code § 27-1-15.9-6 — Indiana Code / Title 27 / Article 1 / Chapter 15.9 / Section 27-1-15.9-6
"Portable electronics insurance"
Status: in_force

Sec. 6. (a) As used in this chapter, "portable electronics insurance" means insurance that provides coverage for the repair or replacement of portable electronics, including coverage for loss, theft, inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss.

(b) The term does not include the following:

(1) A service contract or extended warranty that provides coverage for repair, replacement, or maintenance only to address operational or structural failure caused by:

(A) a defect in materials or workmanship;

(B) accidental damage from a power surge; or

(C) normal wear and tear.

(2) A policy of insurance that covers a seller's or manufacturer's obligations under a warranty.

(3) Any of the following:

(A) A homeowner's insurance policy.

(B) A renter's insurance policy.

(C) A private passenger automobile insurance policy.

(D) A commercial multi-peril insurance policy.

(E) An insurance policy that provides coverage similar to the insurance provided by a policy described in clauses (A) through (D).

As added by P.L.4-2012, SEC.3.
Ind. Code § 27-8-22-4 — Indiana Code / Title 27 / Article 8 / Chapter 22 / Section 27-8-22-4
Providing copy of claim information to patient
Status: in_force

Sec. 4. (a) A health care provider shall routinely provide to a patient or the patient's representative, upon request, a copy of the claim information for health care services to the patient that the health care provider submits to the patient's insurance company, Medicare, or other third party payor except Medicaid.

(b) A health care provider is not required by this section to provide the patient with more than one (1) copy of a patient's claim information.

As added by P.L.1-1994, SEC.139.
Ind. Code § 27-1-7.5-1 — Indiana Code / Title 27 / Article 1 / Chapter 7.5 / Section 27-1-7.5-1
"Corporation" defined
Status: in_force

Sec. 1. As used in this chapter, "corporation" has the meaning set forth in IC 27-1-2-3. The term also includes any domestic or foreign predecessor entity of a corporation in a merger or other transaction in which the predecessor's existence ceased upon consummation of the transaction.

As added by P.L.266-1987, SEC.6.
Ind. Code § 27-7-5-1 — Indiana Code / Title 27 / Article 7 / Chapter 5 / Section 27-7-5-1
Repealed
Status: repealed

Formerly: Acts 1965, c.138, s.1; Acts 1969, c.124, s.1. Repealed by Acts 1982, P.L.166, SEC.6.
Ind. Code § 27-1-3.1-12 — Indiana Code / Title 27 / Article 1 / Chapter 3.1 / Section 27-1-3.1-12
Orders; findings and conclusions; appeal; hearing
Status: in_force

Sec. 12. (a) All orders entered under section 11(a) of this chapter shall be accompanied by findings and conclusions resulting from the commissioner's consideration and review of the examination report, relevant examiner workpapers, and any written submissions or rebuttals.

(b) Any order entered under section 11(a) of this chapter shall be considered a final administrative decision that may be appealed under IC 4-21.5-5, and shall be served upon the company by certified mail, together with a copy of the adopted examination report. Within thirty (30) days of the issuance of the adopted report, the company shall file an affidavit stating that each director has received a copy of the adopted report and related orders.

(c) Any hearing conducted under section 11(a)(3) of this chapter by the commissioner or an authorized representative shall be conducted as a nonadversarial confidential investigatory proceeding as necessary for the resolution of any inconsistencies, discrepancies, or disputed issues apparent upon the face of the filed examination report or raised by or as a result of the commissioner's review of relevant workpapers or by the written submission or rebuttal of the company. Within twenty (20) days of the conclusion of the hearing, the commissioner shall enter an order under section 11 of this chapter.

As added by P.L.26-1991, SEC.5. Amended by P.L.130-1994, SEC.10; P.L.116-1994, SEC.14.
Ind. Code § 27-9-3.1-18 — Indiana Code / Title 27 / Article 9 / Chapter 3.1 / Section 27-9-3.1-18
Receiver's right of disaffirmance or repudiation
Status: in_force

Sec. 18. In exercising a receiver's right of disaffirmance or repudiation with respect to a netting agreement or qualified financial contract to which an insurer is a party, the receiver for the insurer shall either:

(1) disaffirm or repudiate all netting agreements and qualified financial contracts between a counterparty or an affiliate of a counterparty and the insurer that is the subject of the proceeding; or

(2) disaffirm or repudiate none of the netting agreements and qualified financial contracts referred to in subdivision (1) with respect to a counterparty or an affiliate of a counterparty.

As added by P.L.11-2011, SEC.36.
Ind. Code § 27-1-6-9 — Indiana Code / Title 27 / Article 1 / Chapter 6 / Section 27-1-6-9
Articles of incorporation; submission to attorney general
Status: in_force

Sec. 9. In the event the department approves the articles of incorporation of the proposed company, it shall then submit the proposed articles of incorporation to the attorney general for the state of Indiana, who shall examine said articles. If the attorney general finds that the articles of incorporation conform to the provisions of this article and are not inconsistent with the constitution of this state, and of the United States, he shall so certify and shall thereupon return the articles of incorporation to the department with his approval endorsed thereon.

Formerly: Acts 1935, c.162, s.69. As amended by P.L.252-1985, SEC.20.
Ind. Code § 27-1-23.5-14 — Indiana Code / Title 27 / Article 1 / Chapter 23.5 / Section 27-1-23.5-14
Civil penalties
Status: in_force

Sec. 14. (a) An insurer that fails, without just cause (as determined by the commissioner), to timely file an ORSA summary report as required by this chapter shall, after notice and hearing under IC 4-21.5, pay a civil penalty of one hundred dollars ($100) for each day of noncompliance, not to exceed ten thousand dollars ($10,000).

(b) The commissioner may reduce a penalty imposed under subsection (a) if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.

(c) A civil penalty collected under this section shall be deposited in the department of insurance fund established by IC 27-1-3-28.

As added by P.L.129-2014, SEC.8.
Ind. Code § 27-1-7.5-3 — Indiana Code / Title 27 / Article 1 / Chapter 7.5 / Section 27-1-7.5-3
"Expenses" defined
Status: in_force

Sec. 3. As used in this chapter, "expenses" includes counsel fees.

As added by P.L.266-1987, SEC.6.
Ind. Code § 27-1-23-3 — Indiana Code / Title 27 / Article 1 / Chapter 23 / Section 27-1-23-3
Registration; amendments; termination; disclaimer of affiliation; filing requirements; civil penalty
Status: in_force

Sec. 3. (a) Every insurer which is authorized to do business in this state and which is a member of an insurance holding company system shall register with the commissioner, except a foreign insurer subject to disclosure requirements and standards adopted by statute or regulation in the jurisdiction of its domicile which are substantially similar to those contained in:

(1) this section;

(2) section 4(a) and 4(c) of this chapter; and

(3) section 4(b) of this chapter or a provision such as the following:

Each registered insurer shall keep current the information required to be disclosed in its registration statement by reporting all material changes or additions within fifteen (15) days after the end of the month in which it learns of each such change or addition.

Any insurer which is subject to registration under this section shall register within fifteen (15) days after it becomes subject to registration, and annually thereafter by July 1 of each year for the previous calendar year, unless the commissioner for good cause shown extends the time for registration, and then within such extended time. The commissioner may require any authorized insurer which is a member of an insurance holding company system but not subject to registration under this section to furnish a copy of the registration statement or other information filed by such insurer with the insurance regulatory authority of its domiciliary jurisdiction.

(b) Every insurer subject to registration shall file a registration statement on a form prescribed by the commissioner, which shall contain current information about all of the following:

(1) The capital structure, general financial condition, ownership and management of the insurer and any person controlling the insurer.

(2) The identity of every member of the insurance holding company system.

(3) The following agreements in force, relationships subsisting, and transactions that are currently outstanding or that have occurred during the last calendar year between such insurer and its affiliates:

(A) loans, other investments, or purchases, sales or exchanges of securities of the affiliates by the insurer or of the insurer by its affiliates;

(B) purchases, sales, or exchanges of assets;

(C) transactions not in the ordinary course of business;

(D) guarantees or undertakings for the benefit of an affiliate which result in an actual contingent exposure of the insurer's assets to liability, other than insurance contracts entered into in the ordinary course of the insurer's business;

(E) all management and service contracts and all cost-sharing arrangements;

(F) reinsurance agreements;

(G) dividends and other distributions to shareholders; and

(H) consolidated tax allocation agreements.

(4) Any pledge of the insurer's stock, including stock of any subsidiary or controlling affiliate, for a loan made to any member of the insurance holding company system.

(5) If requested by the commissioner, financial statements of the insurance holding company system, the parent corporation of the insurer, or all affiliates, including annual audited financial statements filed with the federal Securities and Exchange Commission under the Securities Act of 1933 (15 U.S.C. 77a et seq.) or the federal Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).

(6) Statements reflecting that the insurer's:

(A) board of directors oversees corporate governance and internal controls; and

(B) officers or senior management have approved and implemented and maintain and monitor corporate governance and internal control procedures.

(7) Other matters concerning transactions between registered insurers and any affiliates as may be included from time to time in any registration forms prescribed by the commissioner.

(8) Other information that the commissioner requires under rules adopted under IC 4-22-2.

(c) Every registration statement must contain a summary outlining all items in the current registration statement representing changes from the prior registration statement.

(d) No information need be disclosed on the registration statement filed pursuant to subsection (b) if such information is not material for the purposes of this section. Unless the commissioner by rule or order provides otherwise, sales, purchases, exchanges, loans or extensions of credit, or investments, involving one-half of one percent (0.5%) or less of an insurer's admitted assets as of the thirty-first day of December next preceding shall not be deemed material for purposes of this section. Beginning January 1, 2026, the definition of materiality set forth in this subsection does not apply for purposes of the Group Capital Calculation or the Liquidity Stress Test Framework.

(e) Each registered insurer shall keep current the information required to be disclosed in its registration statement by reporting all material changes or additions on amendment forms prescribed by the commissioner within fifteen (15) days after the end of the month in which it learns of each such change or addition.

(f) A person within an insurance holding company system subject to registration under this chapter shall provide complete and accurate information to an insurer when that information is reasonably necessary to enable the insurer to comply with this chapter.

(g) The commissioner shall terminate the registration of any insurer which demonstrates that it no longer is subject to the provisions of this section.

(h) The commissioner may require or allow two (2) or more affiliated insurers subject to registration under this section to file a consolidated registration statement or consolidated reports amending their consolidated registration statement or their individual registration statements.

(i) The commissioner may allow an insurer which is authorized to do business in this state and which is a member of an insurance holding company system to register on behalf of any affiliated insurer which is required to register under subsection (a) and to file all information and material required to be filed under this section.

(j) The provisions of this section shall not apply to any insurer, information, or transaction if and to the extent that the commissioner by rule or order shall exempt the same from the provisions of this section.

(k) Any person may file with the commissioner a disclaimer of affiliation with any authorized insurer or such a disclaimer may be filed by such insurer or any member of an insurance holding company system. The disclaimer shall fully disclose all material relationships and bases for affiliation between such person and such insurer as well as the basis for disclaiming such affiliation. After a disclaimer has been filed, the insurer shall be relieved of any duty to register or report under this section which may arise out of the insurer's relationship with such person unless and until the commissioner disallows such disclaimer. A disclaimer of affiliation is considered to have been granted unless the commissioner, less than thirty (30) days after receiving a disclaimer, notifies the person filing the disclaimer that the disclaimer is disallowed. The commissioner shall disallow such disclaimer only after furnishing all parties in interest with notice and opportunity to be heard.

(l) The person that ultimately controls an insurer that is subject to registration shall file with the lead state commissioner of the insurance holding company system (as determined by the procedures in the Financial Analysis Handbook) an annual enterprise risk report that identifies, to the best of the person's knowledge, the material risks within the insurance holding company system that could pose enterprise risk to the insurer.

(m) This subsection is effective beginning January 1, 2026. Except as otherwise provided in subdivisions (1) through (7), the ultimate controlling person of every insurer subject to registration shall file, concurrently with the registration, an annual group capital calculation as directed by the lead state commissioner. The report shall be completed in accordance with the NAIC Group Capital Calculation Instructions, which may permit the lead state commissioner to allow a controlling person that is not the ultimate controlling person to file the group capital calculation. The report shall be filed with the lead state commissioner of the insurance holding company system as determined by the commissioner in accordance with the procedures within the Financial Analysis Handbook adopted by the NAIC. Insurance holding company systems described in the following are exempt from filing the group capital calculation:

(1) An insurance holding company system that has only one (1) insurer within its holding company structure, writes business only in its domestic state, is licensed only in its domestic state, and assumes no business from any other insurer.

(2) An insurance holding company system that is required to perform a group capital calculation specified by the United States Federal Reserve Board. The lead state commissioner shall request the calculation from the Federal Reserve Board under the terms of information sharing agreements in effect. If the Federal Reserve Board cannot share the calculation with the lead state commissioner, the insurance holding company system is not exempt from the group capital calculation filing.

(3) An insurance holding company system whose non-United States group wide supervisor is located within a Reciprocal Jurisdiction as described in IC 27-6-10.1 that recognizes the United States state regulatory approach to group supervision and group capital.

(4) An insurance holding company system:

(A) that provides information to the lead state that meets the requirements for accreditation under the NAIC financial standards and accreditation program, either directly or indirectly through the group wide supervisor, who has determined such information is satisfactory to allow the lead state to comply with the NAIC group supervision approach, as detailed in the Financial Analysis Handbook adopted by the NAIC; and

(B) whose non-United States group wide supervisor that is not in a Reciprocal Jurisdiction recognizes and accepts, as specified by the commissioner in regulation, the group capital calculation as the world wide group capital assessment for United States insurance groups that operate in that jurisdiction.

(5) Notwithstanding the provisions of subdivisions (3) and (4), a lead state commissioner shall require the group capital calculation for United States operations of any non-United States based insurance holding company system where, after any necessary consultation with other supervisors or officials, it is deemed appropriate by the lead state commissioner for prudential oversight and solvency monitoring purposes or for ensuring the competitiveness of the insurance marketplace.

(6) Notwithstanding the exemptions from filing the group capital calculation stated in subdivisions (1) through (4), the lead state commissioner has the discretion to exempt the ultimate controlling person from filing the annual group capital calculation or to accept a limited group capital filing or report in accordance with criteria as specified by the commissioner in regulation.

(7) If the lead state commissioner determines that an insurance holding company system no longer meets one (1) or more of the requirements for an exemption from filing the group capital calculation under this section, the insurance holding company system shall file the group capital calculation at the next annual filing date unless given an extension by the lead state commissioner based on reasonable grounds shown.

(n) This subsection is effective beginning January 1, 2026. The ultimate controlling person of every insurer that is subject to registration and is also scoped into the NAIC Liquidity Stress Test Framework shall file the results of a specific year's Liquidity Stress Test. The filing shall be made to the lead state commissioner of the insurance holding company system as determined by the procedures within the Financial Analysis Handbook adopted by the NAIC, subject to the following:

(1) The NAIC Liquidity Stress Test Framework includes Scope Criteria applicable to a specific data year. These Scope Criteria are reviewed at least annually by the NAIC Financial Stability Task Force or its successor. Any change to the NAIC Liquidity Stress Test Framework or to the data year for which the Scope Criteria are to be measured shall be effective on January 1 of the year following the calendar year when such changes are adopted. Insurers meeting at least one (1) threshold of the Scope Criteria are considered scoped into the NAIC Liquidity Stress Test Framework for the specified data year unless the lead state commissioner, in consultation with the NAIC Financial Stability Task Force or its successor, determines that the insurer should not be scoped into the NAIC Liquidity Stress Test Framework for that data year. Similarly, insurers that do not trigger at least one (1) threshold of the Scope Criteria are considered scoped out of the NAIC Liquidity Stress Test Framework for the specified data year unless the lead state commissioner, in consultation with the NAIC Financial Stability Task Force or its successor, determines that the insurer should be scoped into the NAIC Liquidity Stress Test Framework for that data year.

(2) The performance of, and the filing of the results from, a specific year's Liquidity Stress Test shall comply with the NAIC Liquidity Stress Test Framework's instructions and reporting templates for that year and any lead state commissioner determinations, in consultation with the NAIC Financial Stability Task Force or its successor, that are provided within the NAIC Liquidity Stress Test Framework.

(o) The commissioner may impose on a person a civil penalty of one hundred dollars ($100) per day that the person fails to file, within the period specified, a:

(1) registration statement; or

(2) summary of a registration statement or enterprise risk filing;

required by this section. The commissioner shall deposit a civil penalty collected under this subsection in the department of insurance fund established by IC 27-1-3-28.

Formerly: Acts 1971, P.L.387, SEC.1. As amended by Acts 1981, P.L.244, SEC.3; P.L.26-1991, SEC.11; P.L.81-2012, SEC.14; P.L.129-2014, SEC.7; P.L.72-2016, SEC.11; P.L.124-2018, SEC.41; P.L.158-2024, SEC.7.
Ind. Code § 27-5.1-3-2 — Indiana Code / Title 27 / Article 5.1 / Chapter 3 / Section 27-5.1-3-2
Powers; kinds of insurance coverage
Status: in_force

Sec. 2. A standard company that is issued a certificate of authority under this article may:

(1) perform the business of insurance on:

(A) an assessable;

(B) a mutual; and

(C) a nonprofit;

basis;

(2) insure the property of policyholders of the standard company against loss or damage that is caused by:

(A) fire;

(B) windstorm;

(C) causes specified under an extended coverage provision; and

(D) other perils that are not specifically excluded in the policy form; and

(3) insure the property of policyholders of the standard company against:

(A) loss of use;

(B) loss of occupancy;

(C) loss of rents; and

(D) additional expenses;

that result from direct loss or damage to covered property.

As added by P.L.129-2003, SEC.8.
Ind. Code § 27-8-19.8-2 — Indiana Code / Title 27 / Article 8 / Chapter 19.8 / Section 27-8-19.8-2
"Department" defined
Status: in_force

Sec. 2. As used in this chapter, "department" refers to the department of insurance.

As added by P.L.130-1994, SEC.47 and P.L.116-1994, SEC.70.
Ind. Code § 27-19-3-1 — Indiana Code / Title 27 / Article 19 / Chapter 3 / Section 27-19-3-1
Application of chapter
Status: in_force

Sec. 1. This chapter applies to a health benefit exchange operating in Indiana.

As added by P.L.278-2013, SEC.27.
Ind. Code § 27-19-4-4 — Indiana Code / Title 27 / Article 19 / Chapter 4 / Section 27-19-4-4
Implementation of chapter
Status: in_force

Sec. 4. The commissioner shall, in consultation with the secretary, do the following to implement this chapter:

(1) Develop a policy concerning conflicts of interest affecting navigators and application organizations, including conflicts of interest involving financial and nonfinancial considerations.

(2) Develop a consumer complaint procedure and applicable forms for filing a complaint.

(3) Define a reasonable period for the duration of navigator certification, after which the navigator must pay a renewal fee, complete continuing education, and reapply for certification.

(4) Define a reasonable period for the duration of application organization registration, after which the application organization must pay a renewal fee and reapply for registration.

(5) Develop a policy, procedure, and form for use by an application organization to attest to the commissioner that a navigator who provides the navigator's services on behalf of the application organization meets the requirements of section 3 of this chapter.

As added by P.L.278-2013, SEC.27.
Ind. Code § 27-13-15-6 — Indiana Code / Title 27 / Article 13 / Chapter 15 / Section 27-13-15-6
Right to provide prescription cost information; point of sale cost limit; pharmacist may not be required to collect higher copayment
Status: in_force

Sec. 6. (a) As used in this section, "drug" means a prescription drug.

(b) As used in this section, "health maintenance organization" refers to a health maintenance organization that provides coverage for drugs. The term includes the following:

(1) A limited service health maintenance organization.

(2) A person that administers drug benefits on behalf of a health maintenance organization or a limited service health maintenance organization.

(c) As used in this section, "pharmacy" refers to a pharmacist or pharmacy that is a participating provider.

(d) A pharmacy or pharmacist shall have the right to provide an enrollee with information concerning the amount of the enrollee's cost share for a prescription drug. Neither a pharmacy nor a pharmacist shall be proscribed by a health maintenance organization from discussing this information or from selling to the enrollee a more affordable alternative if an affordable alternative is available.

(e) A health maintenance organization that covers prescription drugs may not include a provision that requires an enrollee to make payment for a prescription drug at the point of sale in an amount that exceeds the lesser of:

(1) the contracted copayment amount; or

(2) the amount of total approved charges by the health maintenance organization at the point of sale.

This subsection does not prohibit the adjudication of claims in accordance with an individual contract or group contract issued or administered by a health maintenance organization. The enrollee is not liable for any additional charges or entitled to any credits as a result of the adjudicated claim.

(f) The health maintenance organization or a pharmacy benefit manager may not require a pharmacy or pharmacist to collect a higher copayment for a prescription drug from an enrollee than the health maintenance organization or pharmacy benefit manager allows the pharmacy or pharmacist to retain.

As added by P.L.209-2018, SEC.13. Amended by P.L.114-2020, SEC.21; P.L.9-2022, SEC.53.
Ind. Code § 27-1-36-33 — Indiana Code / Title 27 / Article 1 / Chapter 36 / Section 27-1-36-33
Notification by commissioner as regulatory action level event
Status: in_force

Sec. 33. If the commissioner notifies an insurer that the insurer's RBC plan or revised RBC plan is unsatisfactory, the commissioner may, subject to the insurer's right to a hearing under section 44 of this chapter, specify in the notification that the notification constitutes a regulatory action level event.

As added by P.L.186-1996, SEC.1.
Ind. Code § 27-1-20-21.1 — Indiana Code / Title 27 / Article 1 / Chapter 20 / Section 27-1-20-21.1
Repealed
Status: repealed

As added by P.L.267-1987, SEC.3; P.L.244-1989, SEC.3. Repealed by P.L.1-1990, SEC.257.
Ind. Code § 27-1-29.1-6 — Indiana Code / Title 27 / Article 1 / Chapter 29.1 / Section 27-1-29.1-6
"Underlying coverage" defined
Status: in_force

Sec. 6. As used in this chapter, "underlying coverage" refers to any liability insurance policy that names a member of the fund or its officials or employees as a named insured, an additional named insured, an insured, or an additional insured.

As added by P.L.272-1987, SEC.7.
Ind. Code § 27-8-20-1 — Indiana Code / Title 27 / Article 8 / Chapter 20 / Section 27-8-20-1
"Commissioner" defined
Status: in_force

Sec. 1. As used in this chapter, "commissioner" refers to the commissioner of the department of insurance.

As added by P.L.277-1993(ss), SEC.120.
Ind. Code § 27-8-15-19 — Indiana Code / Title 27 / Article 8 / Chapter 15 / Section 27-8-15-19
Cancellation or refusal of renewal of plans
Status: in_force

Sec. 19. Except as provided in section 20 of this chapter, a small employer insurer may only cancel or refuse to renew a health insurance plan for the following reasons:

(1) Nonpayment of required premiums.

(2) Fraud or misrepresentation of the small employer, or with respect to coverage of an insured individual, fraud or misrepresentation by the insured individual or the individual's representative.

(3) The small employer has failed to comply with a material plan provision relating to employer contribution or group participation rules.

(4) In the case of a small employer insurer that offers coverage in a market through a network plan, there is no longer any insured individual in connection with the plan who lives, resides, or works:

(A) in the service area of the small employer insurer; or

(B) in the area for which the issuer is authorized to do business.

(5) In the case of coverage that is made available through one (1) or more bona fide associations, the membership of the small employer in the association ceases, but only if the coverage is terminated under this subdivision uniformly without regard to any health status related factor relating to an insured individual.

(6) In a case in which an insurer decides to discontinue offering a particular type of group health insurance coverage offered in the small employer market, that coverage may be discontinued by the insurer only if:

(A) the insurer provides notice of the insurer's intent to discontinue the coverage to each small employer provided with the coverage;

(B) the insurer offers the option to purchase all other health insurance coverage currently being offered by the insurer to the small employer to each small employer that is provided with the coverage; and

(C) in exercising the option to discontinue the coverage in offering the option of coverage under clause (B), the insurer acts uniformly without regard to:

(i) the claims experience of the small employer groups; or

(ii) any health status related factor relating to any eligible employee or dependent of an eligible employee who is covered or who may become eligible for the coverage.

As added by P.L.127-1992, SEC.1. Amended by P.L.93-1995, SEC.14; P.L.91-1998, SEC.17.
Ind. Code § 27-1-12.6-6 — Indiana Code / Title 27 / Article 1 / Chapter 12.6 / Section 27-1-12.6-6
Disclosures
Status: in_force

Sec. 6. If an annuity contract does not provide a cash surrender benefit or a death benefit prior to the commencement of any annuity payments at least equal to the minimum nonforfeiture amounts provided in IC 27-1-12.5, the company shall, in addition to the disclosures provided in IC 27-1-12.5-8, make such disclosures as the commissioner by regulation shall provide, including, but not limited to, the following:

(1) The execution by the purchaser of a statement in such form as the commissioner may approve, stating specifically the following, as appropriate:

(i) the only nonforfeiture value provided by the contract is a paid-up benefit;

(ii) the contract provides no cash surrender value;

(iii) the contract provides no benefit should the purchaser die before maturity.

(2) The form shall be made a part of the application or may be executed separately from and attached to the application. It shall be executed at or prior to the time of executing the application and shall be filed with the application in the company's office.

As added by Acts 1977, P.L.286, SEC.2.
Ind. Code § 27-1-23.5-13 — Indiana Code / Title 27 / Article 1 / Chapter 23.5 / Section 27-1-23.5-13
Documents, materials, other information
Status: in_force

Sec. 13. (a) Documents, materials, and other information related to an ORSA, including an ORSA summary report, in the possession of or control of the department that are obtained by, created by, or disclosed to the commissioner or another person under this chapter, are:

(1) considered to be proprietary and contain trade secrets;

(2) confidential and privileged;

(3) not subject to subpoena; and

(4) not subject to discovery or admissible in evidence in a private civil action.

(b) The commissioner may:

(1) use the documents, materials, and other information described in subsection (a) in relation to a regulatory or legal action brought as part of the commissioner's duties; and

(2) otherwise make the documents, materials, and other information public only with the prior written consent of the insurer or insurance group.

(c) The commissioner, and any other person:

(1) who receives documents, materials, or other information related to an ORSA while acting under the authority of the commissioner; or

(2) with whom the documents, materials, or other information are shared;

under this chapter is not permitted or required to testify in a private civil action concerning any documents, materials, or other information described in subsection (a).

(d) The commissioner may do the following:

(1) Upon request, share all documents, materials, and other information described in subsection (a) with the following if the recipient agrees in writing, and provides written verification that the recipient has the legal authority, to maintain the confidential and privileged status of the documents, materials, and other information:

(A) Other state, federal, and international financial regulatory agencies.

(B) The NAIC.

(C) Members of a supervisory college.

(D) A third party consultant designated by the commissioner.

(2) Receive documents, materials, and other information described in subsection (a) from:

(A) regulatory officials of domestic or foreign jurisdictions;

(B) members of a supervisory college; and

(C) the NAIC;

if the commissioner maintains the confidential or privileged status of the documents, materials, and other information that are received with notice or the understanding that the documents, materials, and other information are confidential or privileged under the laws of the jurisdiction that is the source of the documents, materials, and other information.

(e) The commissioner shall enter into a written agreement with the NAIC or a third party consultant governing sharing and use of information provided under this chapter, including the following:

(1) Procedures and protocols concerning the confidentiality and security of information shared:

(A) with the NAIC or a third party consultant under this chapter; and

(B) by the NAIC with regulators of other states in which insurers that are members of an insurance group are domiciled.

(2) A statement that the recipient agrees in writing, and provides written verification that the recipient has the legal authority, to maintain the confidential and privileged status of the documents, materials, and other information.

(3) A statement that, with respect to information shared with the NAIC or a third party consultant under this chapter:

(A) the commissioner maintains ownership of the information; and

(B) the use of the information is subject to the direction of the commissioner.

(4) A statement that the NAIC or a third party consultant may not store information shared under this chapter in a permanent data base after the underlying analysis is completed.

(5) A requirement that, if confidential information of an insurer that is in the possession of the NAIC or a third party consultant under this chapter is subject to a request or subpoena to the NAIC or third party consultant for production or disclosure, the NAIC or a third party consultant will provide prompt notice to the insurer.

(6) A requirement that the NAIC or a third party consultant will allow intervention by an insurer in a judicial or administrative action under which the NAIC or third party consultant may be required to disclose confidential information concerning the insurer that has been shared with the NAIC or third party consultant under this chapter.

(7) If the written agreement is with a third party consultant, a statement that the insurer's written consent is required for the sharing of the information with the third party consultant.

(f) The sharing of information by the commissioner under this chapter is not a delegation of regulatory authority. The commissioner is solely responsible for the administration, implementation, and enforcement of this chapter.

(g) Disclosure to or sharing by the commissioner of documents, materials, or other information under this chapter is not a waiver of any applicable privilege or claim of confidentiality in the documents, materials, or other information.

(h) Documents, materials, and other information in the possession or control of the NAIC or a third party consultant under this chapter are:

(1) confidential and privileged;

(2) not subject to subpoena; and

(3) not discoverable or admissible in evidence in a private civil action.

As added by P.L.129-2014, SEC.8.
Ind. Code § 27-1-35-18 — Indiana Code / Title 27 / Article 1 / Chapter 35 / Section 27-1-35-18
Civil actions by receivers
Status: in_force

Sec. 18. If an order for liquidation or rehabilitation of the controlled insurer has been entered under IC 27-9, and the receiver appointed under that order believes that the controlling producer or any other person has not materially complied with this chapter or any rule or order adopted under this chapter, and the insurer suffered any loss or damage therefrom, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer.

As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
Ind. Code § 27-1-37.6-15 — Indiana Code / Title 27 / Article 1 / Chapter 37.6 / Section 27-1-37.6-15
"Value based health care reimbursement agreement"
Status: in_force

Sec. 15. (a) As used in this chapter, "value based health care reimbursement agreement" may include the following:

(1) An accountable care organization that has a contract with a health plan in which the health plan:

(A) does not assume risk for prior authorization to a provider organization; or

(B) delegates risk to a provider organization to manage prior authorization.

(2) Bundled payments.

(3) A capitated rate reimbursement arrangement.

(4) A pay for performance arrangement.

(5) Any other health care reimbursement arrangement in which the health care provider accepts at most ten percent (10%) of the downside risk.

(b) The term does not include any of the following:

(1) Narrow networks.

(2) Fixed fee schedules.

As added by P.L.203-2023, SEC.19.
Ind. Code § 27-11-6-1 — Indiana Code / Title 27 / Article 11 / Chapter 6 / Section 27-11-6-1
Contractual benefits
Status: in_force

Sec. 1. (a) A society may provide the following contractual benefits in any form:

(1) Death benefits.

(2) Endowment benefits.

(3) Annuity benefits.

(4) Temporary or permanent disability benefits.

(5) Hospital, medical, or nursing benefits.

(6) Monument or tombstone benefits to the memory of deceased members.

(7) Such other benefits as authorized for life insurers and that are not inconsistent with this chapter.

(b) A society shall specify in its rules those persons who may be issued or covered by the contractual benefits in subsection (a), consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person.

As added by P.L.262-1985, SEC.1.
Ind. Code § 27-8-4-13 — Indiana Code / Title 27 / Article 8 / Chapter 4 / Section 27-8-4-13
Judicial review
Status: in_force

Sec. 13. Any party to the proceeding affected by an order of the commissioner shall be entitled to judicial review under IC 4-21.5-5.

Formerly: Acts 1961, c.47, s.13. As amended by P.L.252-1985, SEC.301; P.L.7-1987, SEC.153.
Ind. Code § 27-8-19.8-9.2 — Indiana Code / Title 27 / Article 8 / Chapter 19.8 / Section 27-8-19.8-9.2
Insurance producer remuneration
Status: in_force

Sec. 9.2. An insurance producer that:

(1) is licensed under IC 27-1-15.6; and

(2) sells a life insurance policy or contract that, less than two (2) years after the insurance producer sells the policy or contract, is the subject of a viatical settlement contract;

shall not accept a commission or other remuneration in connection with the viatical settlement contract.

As added by P.L.223-2005, SEC.5.
Ind. Code § 27-14.5-2-7 — Indiana Code / Title 27 / Article 14.5 / Chapter 2 / Section 27-14.5-2-7
Amendment or termination of plan of reorganization
Status: in_force

Sec. 7. A plan of reorganization that is adopted by the board of directors of the applicant may be amended or terminated by a vote of not less than two-thirds (2/3) of the members of the board of directors of the applicant:

(1) in response to the comments or recommendations of the commissioner, or any other state or federal agency or entity, before any solicitation of proxies from the members to vote on the plan of reorganization;

(2) at any time before the members vote on the plan of reorganization; or

(3) otherwise, at any time, with the consent of the commissioner.

As added by P.L.226-2023, SEC.30.
Ind. Code § 27-6-1.1-5 — Indiana Code / Title 27 / Article 6 / Chapter 1.1 / Section 27-6-1.1-5
Assumption reinsurance agreement; approval; exemptions; notice to policyholders
Status: in_force

Sec. 5. (a) A domestic insurer must file any proposed agreement of assumption reinsurance with the commissioner for the commissioner's approval. The agreement must be executed by each insurer in a manner consistent with its articles and bylaws and the applicable law.

(b) The requirement for filing and approval provided in subsection (a) is not applicable to an agreement if:

(1) the ceding insurer is not a domestic insurer; and

(2) the reserves and liabilities assumed under the agreement are not greater than twenty percent (20%) of the corresponding outstanding reserves and liabilities of the domestic accepting insurer without regard to the agreement.

(c) The commissioner shall approve a reinsurance agreement within sixty (60) days after it is filed as provided in subsection (a) if the commissioner determines that:

(1) the agreement was legally executed by both insurers;

(2) in case one (1) of the parties to the agreement is a foreign or alien insurer, the agreement received the sanction and approval of the law of the foreign or alien jurisdiction, if necessary; and

(3) the agreement deals equitably and fairly with the contract and property rights of insurance, annuity, and endowment policy or contract holders of both insurers.

(d) The commissioner's approval of any agreement of reinsurance that is required to be filed as provided in subsection (a) shall be a condition precedent to the validity of the agreement. On the commissioner's approval, the agreement shall become effective as of the date of the agreement or as of such other date as may be specifically provided in the agreement.

(e) Within the period of forty-five (45) days following the commissioner's approval of an agreement of assumption reinsurance, or within the period of forty-five (45) days following the effective date of an agreement of assumption reinsurance for which the approval of the commissioner is not required, the accepting insurer shall mail a written notification to each reinsured insurance, annuity, and endowment policy or contract holder. The notification must:

(1) specify each policy or contract subject to reinsurance and the effective date of the reinsurance transaction;

(2) offer to provide a copy of the agreement of assumption of reinsurance upon the written request of the policy or contract holder;

(3) state that the accepting insurer assumes all of the rights and obligations of the ceding insurer with respect to the policies and contracts that are subject to the agreement of assumption reinsurance; and

(4) state that the rights and benefits of the policy or contract holder under the policy or contract that is subject to reinsurance, including the right to surrender the policy or contract subject to the terms of the policy or contract, are not affected by the reinsurance.

(f) This section does not apply to an assumption reinsurance agreement to which a domestic ceding insurer is a party if the insurer is the subject of a proceeding under IC 27-9-3.

As added by P.L.260-1983, SEC.1. Amended by P.L.256-1985, SEC.1; P.L.248-1989, SEC.1.
Ind. Code § 27-7-10-20 — Indiana Code / Title 27 / Article 7 / Chapter 10 / Section 27-7-10-20
Insurance company membership in risk retention group
Status: in_force

Sec. 20. A risk retention group may not do business in Indiana if an insurance company is directly or indirectly a member or owner of that risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.

As added by P.L.162-1988, SEC.2.
Ind. Code § 27-1-7-9.5 — Indiana Code / Title 27 / Article 1 / Chapter 7 / Section 27-1-7-9.5
Shareholders' derivative proceedings; procedure
Status: in_force

Sec. 9.5. (a) As used in this section, "shareholder" includes:

(1) with respect to a stock company formed under this article, a shareholder or a beneficial owner whose shares are held in a voting trust or held by a nominee on the owner's behalf; and

(2) with respect to a mutual company formed under this article, a member or policyholder.

(b) A person may not commence a proceeding in the right of a corporation unless the person was a shareholder of the corporation when the transaction complained of occurred or unless the person became a shareholder through transfer by operation of law from one who was a shareholder at that time. The derivative proceeding may not be maintained if it appears that the person commencing the proceeding does not fairly and adequately represent the interests of the shareholders in enforcing the right of the corporation.

(c) A complaint in a proceeding brought in the right of a corporation must be verified and allege with particularity the demand made, if any, to obtain action by the board of directors, and either that the demand was refused or ignored or why the shareholder did not make the demand. Whether or not a demand for action was made, if the corporation commences an investigation of the charges made in the demand or complaint (including an investigation commenced under subsection (e)), the court may stay any proceeding until the investigation is completed.

(d) A proceeding commenced under this section may not be discontinued or settled without the court's approval. If the court determines that a proposed discontinuance or settlement will substantially affect the interest of the corporation's shareholders or a class of shareholders, the court shall direct that notice be given the shareholders affected. On termination of the proceeding, the court may require the plaintiff to pay any defendant's reasonable expenses (including attorney's fees) incurred in defending the proceeding if it finds that the proceeding was commenced without reasonable cause.

(e) Unless prohibited by the articles of incorporation, the board of directors may establish a committee consisting of three (3) or more disinterested directors or other disinterested persons to determine:

(1) whether the corporation has a legal or equitable right or remedy; and

(2) whether it is in the best interests of the corporation to pursue that right or remedy, if any, or to dismiss a proceeding that seeks to assert that right or remedy on behalf of the corporation.

(f) In making a determination under subsection (e), the committee is not subject to the direction or control of or termination by the board. A vacancy on the committee may be filled by the majority of the remaining members by selection of another disinterested director or other disinterested person.

(g) If the committee determines that pursuit of a right or remedy through a derivative proceeding or otherwise is not in the best interests of the corporation, the merits of that determination shall be presumed to be conclusive against any shareholder making a demand or bringing a derivative proceeding with respect to such right or remedy, unless such shareholder can demonstrate that:

(1) the committee was not disinterested, as described in subsection (h); or

(2) the committee's determination was not made after an investigation conducted in good faith.

(h) For purposes of this section, a director or other person is disinterested if the director or other person:

(1) has not been made a party to a derivative proceeding seeking to assert the right or remedy in question, or has been made a party but only on the basis of a frivolous or insubstantial claim or for the sole purpose of seeking to disqualify the director or other person from serving on the committee;

(2) is able under the circumstances to render a determination in the best interests of the corporation; and

(3) is not an officer, employee, or agent of the corporation or of a related corporation. However, an officer, employee, or agent of the corporation or a related corporation who meets the standards of subdivisions (1) through (2) shall be considered disinterested in any case in which the right or remedy under scrutiny is not assertable against a director or officer of the corporation or the related corporation.

As added by P.L.266-1987, SEC.2.
Ind. Code § 27-5.1-2-34 — Indiana Code / Title 27 / Article 5.1 / Chapter 2 / Section 27-5.1-2-34
Notice of premium plus assessment policy; civil actions; limitation
Status: in_force

Sec. 34. (a) A premium plus assessment insurance policy must expressly and prominently state on the face page of the insurance policy that the insurance policy is a premium plus assessment insurance policy.

(b) A suit or action for a loss under a premium plus assessment insurance policy may not be commenced until:

(1) the loss is due in accordance with the premium plus assessment insurance policy; or

(2) not less than sixty (60) days after proof of loss was given to the farm mutual insurance company that issued the premium plus assessment insurance policy.

(c) Requirements that a policyholder must meet to sustain a legal cause of action under this section must be disclosed clearly and prominently on the face page of the premium plus assessment insurance policy.

(d) Notwithstanding IC 34-11-2-11, the statute of limitations for a claim on a premium plus assessment insurance policy under this section is two (2) years after the date of the loss.

As added by P.L.129-2003, SEC.8.
Ind. Code § 27-10-1-4 — Indiana Code / Title 27 / Article 10 / Chapter 1 / Section 27-10-1-4
"Bail agent"
Status: in_force

Sec. 4. "Bail agent" means a person who has been:

(1) approved by the commissioner; and

(2) appointed by an insurer by power of attorney;

to execute or countersign bail bonds for the insurer in connection with judicial proceedings for which the person receives a premium.

As added by P.L.261-1985, SEC.1. Amended by P.L.224-1993, SEC.2.
Ind. Code § 27-1-52-8 — Indiana Code / Title 27 / Article 1 / Chapter 52 / Section 27-1-52-8
Limitation on use of downcoding by insurer
Status: in_force

Sec. 8. Notwithstanding any other law or regulation to the contrary, an insurer may not use downcoding in a manner that prevents a provider from:

(1) submitting a health benefits claim for the actual health care service performed; and

(2) collecting reimbursement from the insurer for the actual health care service performed.

As added by P.L.88-2026, SEC.6.
Ind. Code § 27-13-34-24 — Indiana Code / Title 27 / Article 13 / Chapter 34 / Section 27-13-34-24
Dental care services and director; review of adverse decisions; complaints
Status: in_force

Sec. 24. (a) A limited service health maintenance organization that provides dental care services shall appoint a dental director who has an unlimited license to practice dentistry under IC 25-14 or an equivalent license issued by another state.

(b) The dental director appointed under subsection (a) is responsible for oversight of treatment policies, protocols, quality assurance activities, credentialing of participating providers, and utilization management decisions of the limited service health maintenance organization.

(c) A limited service health maintenance organization that provides dental care services shall contract with or employ at least one (1) individual who holds an unlimited license to practice dentistry under IC 25-14 or an equivalent license issued by another state to do the following:

(1) Develop, in consultation with a group of appropriate providers, the limited service health maintenance organization's treatment policies, protocols, and quality assurance activities.

(2) Respond when a treating provider requests in writing that a dentist reconsider an adverse utilization review decision.

(d) A limited service health maintenance organization that provides dental care services that receives a written request for reconsideration of an adverse utilization review decision from a treating provider shall:

(1) review the decision as expeditiously as possible; and

(2) provide a response to the treating provider not more than ten (10) business days after receiving the request.

(e) A limited service health maintenance organization that provides dental care services shall provide participating providers with an opportunity to comment on the following:

(1) Treatment policies.

(2) Protocols.

(3) Quality assurance activities.

(4) Credentialing policies and procedures.

(5) Utilization management policies and procedures.

As added by P.L.91-2000, SEC.1.
Ind. Code § 27-5.1-2-14 — Indiana Code / Title 27 / Article 5.1 / Chapter 2 / Section 27-5.1-2-14
Bylaws; amendment
Status: in_force

Sec. 14. (a) Bylaws of a farm mutual insurance company may be amended by the farm mutual insurance company in accordance with the farm mutual insurance company's articles of incorporation. All amendments to the bylaws must be filed with the commissioner.

(b) Bylaws of a farm mutual insurance company may not be inconsistent with this article, other applicable laws, or the farm mutual insurance company's articles of incorporation.

As added by P.L.129-2003, SEC.8.
Ind. Code § 27-7-18-19 — Indiana Code / Title 27 / Article 7 / Chapter 18 / Section 27-7-18-19
Violation; cease and desist; penalties
Status: in_force

Sec. 19. (a) If a person violates this chapter, the insurance commissioner may enter an order requiring the person to cease and desist from violating this chapter.

(b) If a person violates a cease and desist order issued under subsection (a), the insurance commissioner, after notice and hearing under IC 4-21.5, may:

(1) impose a civil penalty upon the person of not more than ten thousand dollars ($10,000) for each day of violation;

(2) suspend or revoke the person's certificate of authority, if the person holds a certificate of authority under this title; or

(3) both impose a civil penalty upon the person under subdivision (1) and suspend or revoke the person's certificate of authority under subdivision (2).

As added by P.L.17-2024, SEC.19.
Ind. Code § 27-15-5-1 — Indiana Code / Title 27 / Article 15 / Chapter 5 / Section 27-15-5-1
Submission of plan to vote
Status: in_force

Sec. 1. The proposed plan of conversion and amendment to the articles of incorporation of the converting mutual shall be submitted to a vote of the members of the converting mutual, as provided in IC 27-1-8-3 and in this chapter.

As added by P.L.94-1999, SEC.3.
Ind. Code § 27-2-21-19 — Indiana Code / Title 27 / Article 2 / Chapter 21 / Section 27-2-21-19
Adverse action based on credit information; notice
Status: in_force

Sec. 19. (a) If an insurer takes an adverse action based on credit information, the insurer shall:

(1) provide notice to the consumer that an adverse action has been taken, in accordance with the requirements of the federal Fair Credit Reporting Act, 15 U.S.C. 1681m(a); and

(2) provide notice to the consumer explaining the reason for the adverse action.

(b) The reason provided under subsection (a)(2) must be provided in sufficiently clear and specific language so that an individual can identify the basis for the insurer's decision to take an adverse action. The notice must include a description of all factors up to four (4) primary factors that were the primary influences of the adverse action. The use of generalized terms such as "poor credit history", "poor credit rating", or "poor insurance score" does not meet requirements of this subsection. A standardized credit explanation provided by a consumer reporting agency or other third party vendor meets the requirements of this section.

As added by P.L.201-2003, SEC.1.
Ind. Code § 27-1-38-1 — Indiana Code / Title 27 / Article 1 / Chapter 38 / Section 27-1-38-1
"Affiliate" defined
Status: in_force

Sec. 1. As used in this chapter, "affiliate" means a company that controls, is controlled by, or is under common control with another company.

As added by P.L.130-2002, SEC.2.
Ind. Code § 27-13-10.1-10 — Indiana Code / Title 27 / Article 13 / Chapter 10.1 / Section 27-13-10.1-10
Immunity from civil liability
Status: in_force

Sec. 10. (a) An independent review organization is immune from civil liability for actions taken in good faith in connection with an external review under this chapter.

(b) The work product or determination, or both, of an independent review organization under this chapter are admissible in a judicial or administrative proceeding. However, the work product or determination, or both, do not, without other supporting evidence, satisfy any party's burden of proof or persuasion concerning any material issue of fact or law.

As added by P.L.133-1999, SEC.7.
Ind. Code § 27-1-49-6 — Indiana Code / Title 27 / Article 1 / Chapter 49 / Section 27-1-49-6
"Rebate"
Status: in_force

Sec. 6. As used in this chapter, "rebate" means:

(1) a discount or other negotiated price concession, including base price concessions (whether described as a rebate or otherwise) and reasonable estimates of price protection rebates, and performance based price concessions, that may accrue directly or indirectly or are anticipated to be passed through to an insurer during the coverage year from a manufacturer, dispensing pharmacy, or other party concerning the dispensing or administration of a prescription drug; and

(2) a reasonable estimate of any negotiated price concession, fee, or other administrative cost that is passed through, or is reasonably anticipated to be passed through, to the insurer and serves to reduce the insurer's liability for a prescription drug.

As added by P.L.166-2023, SEC.2.
Ind. Code § 27-16-4-8 — Indiana Code / Title 27 / Article 16 / Chapter 4 / Section 27-16-4-8
List of registered PEOs
Status: in_force

Sec. 8. The department shall:

(1) maintain; and

(2) publish on the department's Internet site;

a list of PEOs that are registered under this article.

As added by P.L.245-2005, SEC.7. Amended by P.L.11-2011, SEC.43.
Ind. Code § 27-13-1-21 — Indiana Code / Title 27 / Article 13 / Chapter 1 / Section 27-13-1-21
"Individual contract"
Status: in_force

Sec. 21. (a) "Individual contract" means a contract for health care services that:

(1) is issued to; and

(2) covers;

an individual.

(b) An individual contract may include coverage for a dependent of the subscriber.

As added by P.L.26-1994, SEC.25.
Ind. Code § 27-7-18.7-1 — Indiana Code / Title 27 / Article 7 / Chapter 18.7 / Section 27-7-18.7-1
"Condominium"
Status: in_force

Sec. 1. As used in this chapter, "condominium" has the meaning set forth in IC 32-25-2-7.

As added by P.L.86-2026, SEC.25.
Ind. Code § 27-10-4-5 — Indiana Code / Title 27 / Article 10 / Chapter 4 / Section 27-10-4-5
Failure of bail agent to collect full premium; penalty
Status: in_force

Sec. 5. A bail agent who knowingly or intentionally executes a bail bond without collecting in full a premium for the bail bond, at the premium rate as filed with and approved by the commissioner, commits a Level 6 felony.

As added by P.L.261-1985, SEC.1. Amended by P.L.224-1993, SEC.29; P.L.158-2013, SEC.298.
Ind. Code § 27-15-2-3 — Indiana Code / Title 27 / Article 15 / Chapter 2 / Section 27-15-2-3
Adoption of simple plan of conversion
Status: in_force

Sec. 3. (a) The board of directors of the converting mutual may adopt a simple plan of conversion under this section. The simple plan of conversion must include the following:

(1) The distribution to the eligible members, upon the extinguishing of their membership interests, of all of the initial issue of the voting common stock of the former mutual or any parent company. The initial issue of the voting common stock may include only one (1) class of stock, and may not include more than one (1) series of stock.

(2) Describe the manner in which the proposed conversion will occur and the insurance and any other companies that will result from or be directly affected by the conversion, including the former mutual and any parent company.

(3) Provide that the membership interests in the converting mutual will be extinguished as of the effective date of the conversion.

(4) Provide for the registration of that distribution of stock under section 5 of the federal Securities Act of 1933 (15 U.S.C. 77e).

(5) Specify each separate class, category, or group of eligible members, and describe and explain any differences in the amount of stock to be distributed to or among the eligible members of each separate class, category, or group of eligible members.

(6) Require and describe the method or formula for the fair and equitable allocation of the stock among the eligible members.

(7) Provide for the determination and preservation of the reasonable dividend expectations of eligible members and other policyholders with policies that provide for the distribution of policy dividends, through the establishment of a closed block or other method acceptable to the commissioner.

(b) The plan may include other provisions:

(1) that the converting mutual determines to be necessary; and

(2) consistent with this title.

As added by P.L.94-1999, SEC.3. Amended by P.L.124-2018, SEC.104.
Ind. Code § 27-1-46-14 — Indiana Code / Title 27 / Article 1 / Chapter 46 / Section 27-1-46-14
Requirements of good faith estimates; provision of information by health carriers and practitioners to provider facility
Status: in_force

Sec. 14. (a) A good faith estimate provided by a provider facility to an individual under this chapter must:

(1) provide a summary of the services and material items that the good faith estimate is based on; and

(2) include a total figure that is a sum of the estimated prices referred to in subdivision (1).

(b) Subsection (a) does not prohibit a provider facility from providing to an individual a good faith estimate that indicates how much of the total figure stated under subsection (a)(2) will be the individual's out-of-pocket expense after the health carrier's payment of charges.

(c) A health carrier or practitioner must provide a provider facility with the information needed by the provider facility to comply with the requirements under this chapter not more than two (2) business days after receiving the request.

(d) A provider facility is not subject to the penalties under section 17 of this chapter if:

(1) a health carrier or practitioner fails to provide the provider facility with the information as required under subsection (c);

(2) the provider facility provides the individual with a good faith estimate based on any information that the provider facility has; and

(3) the provider facility provides the individual with an updated good faith estimate after the health carrier or practitioner has provided the information required under subsection (c).

As added by P.L.93-2020, SEC.12.
Ind. Code § 27-1-2.2-7 — Indiana Code / Title 27 / Article 1 / Chapter 2.2 / Section 27-1-2.2-7
Complaint procedure
Status: in_force

Sec. 7. A nonprofit agricultural organization offering coverage under this chapter shall adopt a complaint procedure that is materially similar to the procedure used by the department of insurance.

As added by P.L.136-2020, SEC.1.
Ind. Code § 27-11-6-8 — Indiana Code / Title 27 / Article 11 / Chapter 6 / Section 27-11-6-8
Copies of documents as evidence of terms and conditions
Status: in_force

Sec. 8. Copies of any of the documents mentioned in this chapter, certified by the secretary or corresponding officer of the society, shall be received in evidence of the terms and conditions thereof.

As added by P.L.262-1985, SEC.1.
Ind. Code § 27-6-6-4 — Indiana Code / Title 27 / Article 6 / Chapter 6 / Section 27-6-6-4
Instrument authorizing service of process on subscriber's agent; procedure for service
Status: in_force

Sec. 4. (a) Concurrently with the filing of the declaration provided for by the terms of section 3 of this chapter, the attorney (as defined in section 2 of this chapter) shall file with the department of insurance, state of Indiana, an instrument in writing, executed by him for said subscribers, conditioned that, upon the issuance of a certificate of authority provided for in section 9 of this chapter, service of process may be had upon the individual resident of Indiana, corporate resident of Indiana, or authorized Indiana insurer, appointed by the subscribers as the subscribers' agent for service of process in all suits in this state arising out of such policies, contracts, or agreements, which service shall be valid and binding upon all subscribers exchanging at any time reciprocal or interinsurance contracts through such attorney.

(b) Service of process under subsection (a) shall be made by delivering to the subscribers' agent two (2) copies of process with a complaint attached.

(c) It shall be the duty of the subscribers' agent, upon service, to promptly send one (1) copy of such summons, by registered letter, to the attorney specified in subsection (a) and to file the other copy of summons in the office of the subscribers' agent.

Formerly: Acts 1919, c.102, s.4; Acts 1967, c.232, s.3. As amended by P.L.252-1985, SEC.218; P.L.130-1994, SEC.40; P.L.116-1994, SEC.52; P.L.268-1999, SEC.15.
Ind. Code § 27-16-5-3 — Indiana Code / Title 27 / Article 16 / Chapter 5 / Section 27-16-5-3
Limited registration or renewal fee
Status: in_force

Sec. 3. Upon initial application for limited registration under IC 27-16-4-6 and upon each annual renewal of the limited registration, a PEO shall pay a fee not to exceed two hundred fifty dollars ($250).

As added by P.L.245-2005, SEC.7.
Ind. Code § 27-1-38-11 — Indiana Code / Title 27 / Article 1 / Chapter 38 / Section 27-1-38-11
Requirements for electronic disclosure
Status: in_force

Sec. 11. If:

(1) a customer consents to receive the disclosure required under section 8 of this chapter electronically; and

(2) the disclosure is provided to the customer in a format that the customer may retain or obtain at a later time;

the depository institution, the affiliate of a depository institution, or the person that sells, solicits, advertises, or offers insurance on behalf of a depository institution may provide the disclosure electronically and may obtain from the customer acknowledgment of receipt of the disclosure electronically.

As added by P.L.130-2002, SEC.2.
Ind. Code § 27-8-11-3.1 — Indiana Code / Title 27 / Article 8 / Chapter 11 / Section 27-8-11-3.1
Repealed
Status: repealed

As added by P.L.134-1994, SEC.2. Repealed by P.L.1-1999, SEC.60.
Ind. Code § 27-8-9-3 — Indiana Code / Title 27 / Article 8 / Chapter 9 / Section 27-8-9-3
Repealed
Status: repealed

As added by Acts 1980, P.L.174, SEC.1. Repealed by P.L.261-1983, SEC.6.
Ind. Code § 27-1-51-8 — Indiana Code / Title 27 / Article 1 / Chapter 51 / Section 27-1-51-8
"Person"
Status: in_force

Sec. 8. As used in this chapter, "person" means a natural person, corporation, mutual company, unincorporated association, partnership, joint venture, limited liability company, trust, estate, foundation, not-for-profit corporation, unincorporated organization, government, or governmental subdivision or agency.

As added by P.L.237-2025, SEC.10.
Ind. Code § 27-2-30-3 — Indiana Code / Title 27 / Article 2 / Chapter 30 / Section 27-2-30-3
"Insured"
Status: in_force

Sec. 3. As used in this chapter, "insured" means an individual who is entitled to coverage under a property and casualty insurance policy.

As added by P.L.61-2026, SEC.1.
Ind. Code § 27-5.1-2-18 — Indiana Code / Title 27 / Article 5.1 / Chapter 2 / Section 27-5.1-2-18
Unsafe business practice; insufficient assets; commissioner notice; remedies; court proceedings; injunction; liquidation
Status: in_force

Sec. 18. (a) If the commissioner determines from:

(1) a statement filed by a farm mutual insurance company;

(2) an examination under section 17 of this chapter; or

(3) other information obtained by the commissioner;

that a farm mutual insurance company is conducting business in an unsafe manner or that a farm mutual insurance company's assets are insufficient to justify continuing the business, the commissioner shall send written notice of the commissioner's concerns regarding the farm mutual insurance company to the officers and directors of the farm mutual insurance company.

(b) Not more than thirty (30) days after receiving a notice under subsection (a), the farm mutual insurance company's officers and directors shall:

(1) remedy; or

(2) establish a plan to remedy;

the commissioner's concerns.

(c) If:

(1) a farm mutual insurance company does not remedy or establish a plan to remedy the commissioner's concerns under subsection (b); or

(2) the commissioner determines that the continuation of a farm mutual insurance company is not in the best interests of the farm mutual insurance company's policyholders;

the commissioner shall institute proceedings in the Marion County circuit court to enjoin the farm mutual insurance company from conducting any further business transactions.

(d) If the commissioner seeks a permanent injunction against a farm mutual insurance company under subsection (c), the commissioner shall also institute proceedings to settle and wind up the affairs of the farm mutual insurance company and liquidate and dissolve the farm mutual insurance company, as provided in IC 27-9.

As added by P.L.129-2003, SEC.8.
Ind. Code § 27-2-10-4 — Indiana Code / Title 27 / Article 2 / Chapter 10 / Section 27-2-10-4
Exemption of dealers
Status: in_force

Sec. 4. The provisions of section 2 of this chapter shall not apply to any purchase and sale, or sale and purchase, and the provisions of section 3 of this chapter shall not apply to any sale, of an equity security of a domestic stock insurance company not then or theretofore held by him in an investment account, by a dealer in the ordinary course of his business and incident to the establishment or maintenance by him of a primary or secondary market (otherwise than on an exchange as defined in the Securities Exchange Act of 1934, 15 U.S.C. 78a et seq.) for such security. The insurance commissioner may, by such rules as he deems necessary or appropriate and in the public interest, define and prescribe terms and conditions with respect to equity securities held in an investment account and transactions made in the ordinary course of business and incident to the establishment or maintenance of a primary or secondary market.

Formerly: Acts 1965, c.5, s.4. As amended by P.L.252-1985, SEC.132.
Ind. Code § 27-8-14.2-5 — Indiana Code / Title 27 / Article 8 / Chapter 14.2 / Section 27-8-14.2-5
Individual coverage required
Status: in_force

Sec. 5. (a) An insurer that issues an accident and sickness insurance policy on an individual basis must offer to provide coverage for the treatment of an autism spectrum disorder of an insured. Coverage provided under this section is limited to treatment that is prescribed by the insured's treating physician in accordance with a treatment plan. An insurer may not deny or refuse to issue coverage on, refuse to contract with, or refuse to renew, refuse to reissue, or otherwise terminate or restrict coverage on an individual under an insurance policy solely because the individual is diagnosed with an autism spectrum disorder.

(b) The coverage that must be offered under this section may not be subject to dollar limits, deductibles, or coinsurance provisions that are less favorable to an insured than the dollar limits, deductibles, or coinsurance provisions that apply to physical illness generally under the accident and sickness insurance policy.

As added by P.L.148-2001, SEC.2. Amended by P.L.188-2013, SEC.23.
Ind. Code § 27-8-15-32 — Indiana Code / Title 27 / Article 8 / Chapter 15 / Section 27-8-15-32
Employees becoming eligible after employer's commencement of health insurance plan entitled to coverage
Status: in_force

Sec. 32. (a) If an individual:

(1) becomes an eligible employee of a small employer after the date that a small employer insurer first insures an eligible employee of the small employer under a health insurance plan; and

(2) is not a late enrollee;

the individual and all dependents of the individual are entitled to coverage under section 33 of this chapter, subject to the provisions of sections 27 and 28 of this chapter.

As added by P.L.93-1995, SEC.21.
Ind. Code § 27-1-20-30 — Indiana Code / Title 27 / Article 1 / Chapter 20 / Section 27-1-20-30
Rebate of premium or commission; unfair competition
Status: in_force

Sec. 30. (a) This section does not prohibit activities allowed under IC 27-1-47.

(b) No company acting through its officers or members, attorney-in-fact, or by any other party, no officer of a company acting on the officer's own behalf and no insurance producer, broker, or solicitor, personally or by any other party, shall offer, promise, allow, give, set off or pay, directly or indirectly, any rebate of or part of the premium payable on a policy, or any insurance producer's commission thereon, or earnings, profits, dividends or other benefits founded, arising, accruing, or to accrue thereon or therefrom, or any special advantage in date of policy or age of issue, or any paid employment or contract for services of any kind, or any other valuable consideration or inducement, to or for insurance on any risk in this state, now or hereafter to be written, or for or upon any renewal of any such insurance, which is not specified in the policy contract of insurance, or offer, promise, give, option, sell or purchase any stocks, bonds, securities, or property, or any dividends or profits accruing or to accrue thereon, or other thing of value whatsoever as inducement to insurance or in connection therewith, or any renewal thereof, which is not specified in the policy. Nothing in this section shall prevent a company which transacts industrial life insurance on a weekly payment plan from returning to policyholders who have made a premium payment for a period of at least one (1) year directly to the company at its home or district office a percentage of premium which the company would otherwise have paid for the weekly collection of such premium, nor shall this section be construed to prevent the taking of a bona fide obligation, with legal interest, in payment of any premium.

(c) No insured person or party or applicant for insurance shall directly or indirectly, receive or accept, or agree to receive or accept, any rebate of premium or of any part thereof, or all or any part of any insurance producer's or broker's commission thereon, or any favor or advantage, or share in any benefit to accrue under any policy of insurance, or any valuable consideration or inducement, other than such as are specified in the policy.

Formerly: Acts 1935, c.162, s.273. As amended by Acts 1978, P.L.2, SEC.2713; P.L.178-2003, SEC.20; P.L.196-2021, SEC.20.
Ind. Code § 27-2-21-13 — Indiana Code / Title 27 / Article 2 / Chapter 21 / Section 27-2-21-13
"Insurer"
Status: in_force

Sec. 13. As used in this chapter, "insurer" refers to an insurer (as defined in IC 27-1-2-3) that issues a personal insurance policy.

As added by P.L.201-2003, SEC.1.
Ind. Code § 27-8-23-4 — Indiana Code / Title 27 / Article 8 / Chapter 23 / Section 27-8-23-4
"Insurer"
Status: in_force

Sec. 4. As used in this chapter, "insurer" has the meaning set forth in IC 12-7-2.1-202.

As added by P.L.46-1995, SEC.68 and P.L.133-1995, SEC.20. Amended by P.L.145-2026, SEC.149.
Ind. Code § 27-7-3-12 — Indiana Code / Title 27 / Article 7 / Chapter 3 / Section 27-7-3-12
Foreign corporations; capital and deposit requirements; certificate of authority; rights and privileges
Status: in_force

Sec. 12. Every foreign corporation duly authorized to do a title insurance business in the state in which it is incorporated or organized and admitted to do business in this state under IC 23-1 may be authorized by the department to transact a title insurance business in this state upon filing with the department proof which satisfies it that the corporation has complied with sections 5 and 9 of this chapter and has deposited with the proper official of the state in which it is incorporated or organized, or has deposited with the department, the amount as required by section 7 of this chapter, and that it has complied with the provisions of this chapter. Upon the receipt of such proof, the commissioner may issue to such foreign corporation a certificate of authority as provided for in section 6 of this chapter. A foreign corporation admitted to do business under this chapter shall have the same but no greater rights and privileges than a domestic corporation under this chapter.

Formerly: Acts 1937, c.104, s.12. As amended by P.L.252-1985, SEC.257.
Ind. Code § 27-13-1-27.5 — Indiana Code / Title 27 / Article 13 / Chapter 1 / Section 27-13-1-27.5
"Primary care provider"
Status: in_force

Sec. 27.5. "Primary care provider" means a provider under contract with a health maintenance organization who is designated by the health maintenance organization to coordinate, supervise, or provide ongoing care to an enrollee.

As added by P.L.69-1998, SEC.4.
Ind. Code § 27-11-4-3 — Indiana Code / Title 27 / Article 11 / Chapter 4 / Section 27-11-4-3
Filing of articles of incorporation, bylaws and rules, forms of certificates, circulars, and bond
Status: in_force

Sec. 3. Articles of incorporation, certified copies of the society's bylaws and rules, copies of all proposed forms of certificates, applications therefor, circulars to be issued by the society, and a bond conditioned upon the return to applicants of the advanced payments if the organization is not completed within one (1) year shall be filed with the commissioner, who may require further information as the commissioner considers necessary. The bond with sureties approved by the commissioner shall be not less than three hundred thousand dollars ($300,000) nor more than one million five hundred thousand dollars ($1,500,000), as required by the commissioner. All documents filed are to be in the English language. If the purposes of the society conform to the requirements of this article and all provisions of the law have been complied with, the commissioner shall certify, retain, and file the articles of incorporation and furnish the incorporators a preliminary certificate of authority authorizing the society to solicit members as provided in this chapter.

As added by P.L.262-1985, SEC.1.
Ind. Code § 27-1-22-18 — Indiana Code / Title 27 / Article 1 / Chapter 22 / Section 27-1-22-18
Deviation from authorized premium charge; discounts and rebates as inducement to insure; commissions for insurance producers
Status: in_force

Sec. 18. (a) This section does not prohibit activities allowed under IC 27-1-47.

(b) No insurer, broker, or insurance producer shall knowingly charge, demand, or receive a premium for any policy of insurance except in accordance with the provisions of this chapter. No insurer or employee thereof, and no broker or insurance producer shall pay, allow, or give, directly or indirectly, as an inducement to insurance, or after insurance has been effected, any rebate, discount, abatement, credit, or reduction of the premium named in a policy of insurance, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any valuable consideration or inducement whatever, not specified in the policy of insurance, except to the extent provided for in applicable filings. No insured named in any policy of insurance shall knowingly receive or accept, directly or indirectly, any such rebate, discount, abatement, credit or reduction of premium, or any such special favor or advantage or valuable consideration or inducement. Nothing in this section shall be construed as prohibiting the payment of, nor permitting the regulation of the payment of, commissions or other compensation to duly licensed insurance producers and brokers, nor as prohibiting, or permitting the regulation of, any insurer from allowing or returning to its participating policyholders or members, dividends or savings.

Formerly: Acts 1967, c.133, s.18. As amended by P.L.252-1985, SEC.119; P.L.178-2003, SEC.25; P.L.196-2021, SEC.21.
Ind. Code § 27-2-17-6 — Indiana Code / Title 27 / Article 2 / Chapter 17 / Section 27-2-17-6
Appointment of independent insurance producers; jurisdiction; hearing; violation; administrative orders and procedures; evidence
Status: in_force

Sec. 6. (a) An insurance company that issues property or casualty insurance shall not discriminate in the appointment of an independent insurance producer on the basis of race, color, national origin, or gender.

(b) Except as provided in subsection (c), the department has exclusive jurisdiction to investigate any complaints of discrimination in the appointment of independent insurance producers in violation of subsection (a).

(c) If the commissioner of the department determines after a hearing that an insurance company has violated subsection (a), the commissioner may order one (1) of the following remedies:

(1) Payment of a civil penalty of not more than two thousand dollars ($2,000) for each violation.

(2) Suspension or revocation of the insurance company's certificate of authority if the commissioner determines that the violation was willful or wanton and that similar violations have been committed by that company with a frequency that constitutes a general business practice.

(3) Any other remedy agreed to by the department and the insurance company.

(d) Any determination made by the commissioner under this section is subject to IC 4-21.5.

(e) Findings of the department under this section may not be considered as evidence in any civil action other than an appeal as provided under IC 4-21.5.

As added by P.L.116-1994, SEC.48 and P.L.130-1994, SEC.37. Amended by P.L.2-1995, SEC.103; P.L.178-2003, SEC.33.
Ind. Code § 27-8-5.7-2 — Indiana Code / Title 27 / Article 8 / Chapter 5.7 / Section 27-8-5.7-2
"Clean claim" defined
Status: in_force

Sec. 2. As used in this chapter, "clean claim" means a claim submitted by a provider for payment under an accident and sickness insurance policy issued in Indiana that has no defect, impropriety, or particular circumstance requiring special treatment preventing payment.

As added by P.L.162-2001, SEC.5.
Ind. Code § 27-2-27-18 — Indiana Code / Title 27 / Article 2 / Chapter 27 / Section 27-2-27-18
Actions required based on risk assessment results
Status: in_force

Sec. 18. Based on the results of the risk assessment, a licensee shall do the following:

(1) Design its information security program to mitigate the identified risks, commensurate with:

(A) the licensee's size and complexity;

(B) the nature and scope of the licensee's activities; and

(C) the sensitivity of the nonpublic information in the licensee's control.

(2) Determine and implement appropriate security measures, which may include the following:

(A) Placing access controls on information systems, including controls to authenticate and permit only authorized individuals to have access to nonpublic information.

(B) Identifying and managing the data, personnel, devices, systems, and facilities that enable the licensee to achieve business purposes in accordance with their relative importance to business objectives and risk strategy.

(C) Restricting physical access to nonpublic information to authorized individuals only.

(D) Protecting by encryption or other appropriate means all nonpublic information while being transmitted over an external network and all nonpublic information stored on a laptop computer or other portable computing or storage device or media.

(E) Adopting secure development practices for in-house developed applications used by the licensee.

(F) Modifying information systems in accordance with the licensee's information security program.

(G) Using effective controls, which may include multi-factor authentication procedures for any employees accessing nonpublic information.

(H) Regularly testing and monitoring systems and procedures to detect actual and attempted attacks on, or intrusions into, information systems.

(I) Including audit trails within the information security program designed to detect and respond to a cybersecurity event and designed to reconstruct material financial transactions sufficient to support normal operations and obligations of the licensee.

(J) Implementing measures to protect against destruction, loss, or damage of nonpublic information due to environmental hazards, such as fire and water damage or other catastrophes or technological failures.

(K) Developing, implementing, and maintaining procedures for the secure disposal of nonpublic information in any format.

(3) Include cybersecurity risks in the licensee's enterprise risk management process.

(4) Stay informed regarding emerging threats or vulnerabilities.

(5) Use reasonable security measures when sharing information, relative to the character of the sharing and the type of information shared.

(6) Provide personnel with cybersecurity awareness training that is updated as necessary to reflect risks identified in the risk assessment.

As added by P.L.130-2020, SEC.10.
Ind. Code § 27-1-12.5-6 — Indiana Code / Title 27 / Article 1 / Chapter 12.5 / Section 27-1-12.5-6
Paid-up annuity benefit available as nonforfeiture option where no cash surrender benefits
Status: in_force

Sec. 6. If an annuity contract does not provide cash surrender benefits, the present value of any paid-up annuity benefit available as a nonforfeiture option at any time prior to maturity shall not be less than the present value of that portion of the maturity value of the paid-up annuity benefit provided under the contract arising from considerations paid prior to the time the contract is surrendered in exchange for, or changed to, a deferred paid-up annuity, such present value being calculated for the period prior to the maturity date on the basis of the interest rate specified in the contract for accumulating the net considerations to determine such maturity value, and increased by any existing additional amounts credited by the company to the contract. The present values for an annuity contract, not providing any death benefits prior to the commencement of any annuity payments, shall be calculated on the basis of the interest rate and mortality table specified in the contract for determining the maturity value of the paid-up annuity benefit. However, in no event shall the present value of a paid-up annuity benefit be less than the minimum nonforfeiture amount at that time.

As added by Acts 1977, P.L.286, SEC.1.
Ind. Code § 27-1-48.5-6 — Indiana Code / Title 27 / Article 1 / Chapter 48.5 / Section 27-1-48.5-6
"Network"
Status: in_force

Sec. 6. As used in this chapter, "network" means a group of health care providers that:

(1) provide health care services to covered individuals; and

(2) have agreed to, or are otherwise subject to, maximum limits on the prices for the health care services to be provided to the covered individuals.

As added by P.L.237-2025, SEC.9.
Ind. Code § 27-1-39-9 — Indiana Code / Title 27 / Article 1 / Chapter 39 / Section 27-1-39-9
Regulation of trust
Status: in_force

Sec. 9. A trust created under section 7 of this chapter is subject to regulation by the department as follows:

(1) The trust must be registered with the department.

(2) The trust shall:

(A) retain a total risk for the self-insurance fund of not more than one hundred twenty-five percent (125%) of the amount of expected claims for the following year; and

(B) obtain stop-loss insurance issued by an insurer authorized to do business in Indiana to cover losses in excess of the amount retained under clause (A).

(3) Contributions by the members must be set to fund one hundred percent (100%) of the total risk retained under subdivision (2)(A) plus all other costs of the trust.

(4) The trust shall maintain a fidelity bond in an amount approved by the department, covering each person responsible for the trust, to protect against acts of fraud or dishonesty in servicing the trust.

(5) The trust is subject to IC 27-4-1-4.5 regarding claims settlement practices.

(6) The trust shall, before March 1 of each year, file an annual financial statement in the form required by IC 27-1-3-13.

(7) The trust is not a member of the Indiana insurance guaranty association under IC 27-6-8. The liability of each member is joint and several.

(8) The trust is subject to examination by the department. The trust shall pay all costs associated with an examination.

(9) The department may deny, suspend, or revoke the registration of the trust if the commissioner finds that the trust:

(A) is in a hazardous financial condition;

(B) refuses to be examined or produce records for examination; or

(C) has failed to pay a final judgment rendered against the trust by a court within thirty (30) days.

As added by P.L.38-2006, SEC.1. Amended by P.L.1-2007, SEC.184.
Ind. Code § 27-1-48.5-8 — Indiana Code / Title 27 / Article 1 / Chapter 48.5 / Section 27-1-48.5-8
Procedure and documentation for claiming a credit
Status: in_force

Sec. 8. (a) A health plan shall:

(1) establish a procedure by which a covered individual may claim a credit under section 7 of this chapter; and

(2) identify documentation necessary to support a claim for a credit under section 7 of this chapter.

(b) A health plan may either:

(1) publish average discounted rates that the health plan has negotiated to pay health care providers for health care services; or

(2) refer to average or typical rates on the all payer claims data base established under IC 27-1-44.5;

for purposes of a covered individual claiming a credit under section 7 of this chapter.

(c) A covered individual may use the data on average or typical rates reported on the all payer claims data base established under IC 27-1-44.5 to determine the average discounted rate for a health care service under section 7 of this chapter.

As added by P.L.237-2025, SEC.9.
Ind. Code § 27-1-3.5-4 — Indiana Code / Title 27 / Article 1 / Chapter 3.5 / Section 27-1-3.5-4
"Work papers"
Status: in_force

Sec. 4. (a) As used in this chapter, "work papers" means the records kept by the independent auditor of the procedures followed, the tests performed, the information obtained, and the conclusions reached by the independent auditor's audit of the financial statements of a domestic insurer.

(b) The term includes any audit planning documentation, work programs, analyses, memoranda, letters of confirmation and representation, abstracts of company documents, and schedules or commentaries that:

(1) are prepared or obtained by the independent auditor in the course of any audit of the financial statements of a domestic insurer; and

(2) support the independent auditor's opinion on the domestic insurer's financial statements.

As added by P.L.244-1989, SEC.2. Amended by P.L.251-1995, SEC.4.
Ind. Code § 27-8-14-6 — Indiana Code / Title 27 / Article 8 / Chapter 14 / Section 27-8-14-6
Breast cancer screening mammography; coverage
Status: in_force

Sec. 6. (a) Except as provided in subsection (f), an insurer must provide coverage for breast cancer screening mammography in any accident and sickness insurance policy that the insurer issues in Indiana.

(b) Except as provided in subsection (f), the coverage that an insurer must provide under this section must include the following:

(1) If the insured is at least thirty-five (35) but less than forty (40) years of age, coverage for at least one (1) baseline breast cancer screening mammography performed upon the insured before she becomes forty (40) years of age.

(2) If the insured is:

(A) less than forty (40) years of age; and

(B) a woman at risk;

one (1) breast cancer screening mammography performed upon the insured every year.

(3) If the insured is at least forty (40) years of age, one (1) breast cancer screening mammography performed upon the insured every year.

(4) Any additional mammography views that are required for proper evaluation.

(5) Ultrasound services, if determined medically necessary by the physician treating the insured.

(c) Except as provided in subsection (f), the coverage that an insurer must provide under this section must provide reimbursement for breast cancer screening mammography at a level at least as high as:

(1) the limitation on payment for screening mammography services established in 42 CFR 405.534(b)(3) according to the Medicare Economic Index at the time the breast cancer screening mammography is performed; or

(2) the rate negotiated by a contract provider according to the provisions of the insurance policy;

whichever is lower.

(d) Except as provided in subsection (f), the coverage that an insurer must provide under this section may not be subject to dollar limits, deductibles, or coinsurance provisions that are less favorable to the insured than the dollar limits, deductibles, or coinsurance provisions applying to physical illness generally under the accident and sickness insurance policy.

(e) Except as provided in subsection (f), the coverage that an insurer must provide is in addition to any benefits specifically provided for x-rays, laboratory testing, or wellness examinations.

(f) In the case of insurance policies that are not employer based, the insurer must offer to provide the coverage described in subsections (a) through (e).

As added by P.L.119-1991, SEC.3. Amended by P.L.170-1999, SEC.3.
Ind. Code § 27-8-28-18 — Indiana Code / Title 27 / Article 8 / Chapter 28 / Section 27-8-28-18
Insurer prohibited from taking action
Status: in_force

Sec. 18. An insurer may not take action against a provider solely on the basis that the provider represents a covered individual in a grievance filed under this chapter.

As added by P.L.66-2001, SEC.2 and P.L.203-2001, SEC.13.
Ind. Code § 27-1-36-20 — Indiana Code / Title 27 / Article 1 / Chapter 36 / Section 27-1-36-20
"RBC report"
Status: in_force

Sec. 20. As used in this chapter, "RBC report" means the report required by section 25 of this chapter.

As added by P.L.186-1996, SEC.1.
Ind. Code § 27-1-36-28 — Indiana Code / Title 27 / Article 1 / Chapter 36 / Section 27-1-36-28
Inaccuracy of RBC report filed by domestic insurer
Status: in_force

Sec. 28. (a) If the commissioner determines an RBC report filed by a domestic insurer is inaccurate, the commissioner shall:

(1) adjust the RBC report to correct the inaccuracy; and

(2) notify the insurer of the adjustment.

(b) A notice provided by the commissioner under subsection (a) must contain a statement of the reason for the adjustment.

As added by P.L.186-1996, SEC.1.
Ind. Code § 27-1-24.5-20 — Indiana Code / Title 27 / Article 1 / Chapter 24.5 / Section 27-1-24.5-20
Acts of the commissioner; confidentiality
Status: in_force

Sec. 20. (a) The commissioner shall do the following:

(1) Prescribe an application for use in applying for a license to operate as a pharmacy benefit manager.

(2) Adopt rules under IC 4-22-2 to establish the following:

(A) Pharmacy benefit manager licensing requirements.

(B) Licensing fees.

(C) A license application.

(D) Financial standards for pharmacy benefit managers.

(E) Reporting requirements described in sections 21 and 29 of this chapter.

(F) The time frame for the resolution of an appeal under section 22 of this chapter.

(b) The commissioner may do the following:

(1) Charge a license application fee and renewal fees established under subsection (a)(2) in an amount not to exceed five hundred dollars ($500) to be deposited in the department of insurance fund established by IC 27-1-3-28.

(2) Examine or audit the books and records of a pharmacy benefit manager one (1) time per year to determine if the pharmacy benefit manager is in compliance with this chapter.

(3) Adopt rules under IC 4-22-2 to:

(A) implement this chapter; and

(B) specify requirements for the following:

(i) Prohibited market conduct practices.

(ii) Data reporting in connection with violations of state law.

(iii) Maximum allowable cost list compliance and enforcement requirements, including the requirements of sections 22 and 23 of this chapter.

(iv) Prohibitions and limits on pharmacy benefit manager practices that require licensure under IC 25-22.5.

(v) Pharmacy benefit manager affiliate information sharing.

(vi) Lists of health plans administered by a pharmacy benefit manager in Indiana.

(vii) Pharmacy benefit management services included under section 11.5(4) of this chapter.

(c) Financial information and proprietary information submitted by a pharmacy benefit manager to the department is confidential.

As added by P.L.68-2020, SEC.1. Amended by P.L.158-2024, SEC.8; P.L.237-2025, SEC.7.
Ind. Code § 27-10-1-6 — Indiana Code / Title 27 / Article 10 / Chapter 1 / Section 27-10-1-6
"Disqualifying offense"
Status: in_force

Sec. 6. "Disqualifying offense" means:

(1) a felony; or

(2) a misdemeanor if an element of the offense involves dishonesty, violence, or a deadly weapon.

As added by P.L.261-1985, SEC.1.
Ind. Code § 27-8-32.1-4 — Indiana Code / Title 27 / Article 8 / Chapter 32.1 / Section 27-8-32.1-4
Policy of accident and sickness insurance; coverage for refill of prescription eye drops; requirements
Status: in_force

Sec. 4. (a) A policy of accident and sickness insurance must provide coverage for a refill of prescription eye drops if the following are met:

(1) For a thirty (30) day supply, the insured requests the refill not earlier than twenty-five (25) days after the date the prescription eye drops were last dispensed to the insured.

(2) For a ninety (90) day supply, the insured requests the refill not earlier than seventy-five (75) days after the date the prescription eye drops were last dispensed to the insured.

(3) The prescribing practitioner has indicated on the prescription that the prescription eye drops are refillable and the refill requested by the insured does not exceed the refillable amount remaining on the prescription.

(b) The coverage required by subsection (a) must not be subject to dollar limits, copayments, deductibles, or coinsurance provisions that are less favorable to an insured than the dollar limits, copayments, deductibles, or coinsurance provisions that apply to coverage for prescription drugs generally under the policy of accident and sickness insurance.

(c) This section applies to a policy of accident and sickness insurance issued, delivered, amended, or renewed after December 31, 2015.

As added by P.L.43-2015, SEC.2.
Ind. Code § 27-1-4.5-2 — Indiana Code / Title 27 / Article 1 / Chapter 4.5 / Section 27-1-4.5-2
"Insurer"
Status: in_force

Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027.

Sec. 2. As used in this chapter, "insurer" includes the following:

(1) An insurer (as defined in IC 27-1-2-3(x)) that issues a policy of accident and sickness insurance (as defined in IC 27-8-5-1(a)). However, the term does not include the coverages described in IC 27-8-5-2.5(a).

(2) A health maintenance organization (as defined in IC 27-13-1-19) that provides coverage for basic health care services (as defined in IC 27-13-1-4).

(3) A managed care organization (as defined in IC 12-7-2-126.9) that provides services to a Medicaid recipient.

(4) A prepaid health care delivery plan under IC 5-10-8-7(c) that provides group health coverage for state employees.

As added by P.L.239-2025, SEC.11.
Ind. Code § 27-13-42-1 — Indiana Code / Title 27 / Article 13 / Chapter 42 / Section 27-13-42-1
Allowing a health maintenance organization to report the number of children enrollees who are prescribed stimulant medication for the treatment of certain disorders
Status: in_force

Sec. 1. A health maintenance organization that enters into an individual contract or a group contract that provides a prescription drug benefit may report to the drug utilization review board established by IC 12-15-35-19, not later than October 1 of each calendar year, the number of enrollees who are:

(1) less than eighteen (18) years of age; and

(2) prescribed a stimulant medication approved by the federal Food and Drug Administration for the treatment of attention deficit disorder or attention deficit hyperactivity disorder.

As added by P.L.107-2002, SEC.30.
Ind. Code § 27-13-9-5 — Indiana Code / Title 27 / Article 13 / Chapter 9 / Section 27-13-9-5
Prescription drug information card
Status: in_force

Sec. 5. (a) This section applies to a health maintenance organization that provides coverage for prescription drugs or devices and issues a card or other technology for claims processing.

(b) The card or other technology issued by a health maintenance organization must contain uniform prescription drug information that complies with the requirements established under subsection (c).

(c) Prescription drug information cards or other technology must meet either of the following criteria:

(1) Be in a format and contain information fields approved by the National Council for Prescription Drug Programs (NCPDP) as contained in the National Council for Prescription Drug Programs Pharmacy ID Card Implementation Guide in effect on the October 1 most immediately preceding the issuance of the card.

(2) Contain the following information:

(A) The health benefit plan's name.

(B) The enrollee's name, group number, and identification number.

(C) A telephone number to inquire about pharmacy related issues.

(D) The issuer's international identification number or ANSI BIN number, labeled as RxBIN.

(E) The processor control number, labeled as RxPCN.

(F) The insured's pharmacy benefits group number if different than medical group number, labeled as RxGRP.

Only those fields listed in clauses (A) through (F) that are required for proper adjudication of the claim must appear on the card. If the card is used to adjudicate non-pharmacy claims, then the designation "Rx" listed in clauses (D) through (F) is not required to be used by the issuer.

(d) A health maintenance organization may not be required to issue a prescription drug information card or other technology to a person more than one (1) time during a twelve (12) month period.

(e) The prescription drug information cards or other technology issued under this section may be used for health care service coverage other than the coverage to which this chapter applies.

As added by P.L.230-2001, SEC.3. Amended by P.L.1-2002, SEC.123.
Ind. Code § 27-7-3-17 — Indiana Code / Title 27 / Article 7 / Chapter 3 / Section 27-7-3-17
Violations
Status: in_force

Sec. 17. A person who recklessly violates this chapter or fails to fulfill any of the requirements of this chapter commits a Class B misdemeanor.

Formerly: Acts 1937, c.104, s.17. As amended by Acts 1978, P.L.2, SEC.2724.
Ind. Code § 27-8-27-1 — Indiana Code / Title 27 / Article 8 / Chapter 27 / Section 27-8-27-1
"Early intervention services" defined
Status: in_force

Sec. 1. For purposes of this chapter, "early intervention services" means services provided to a first steps child under IC 12-12.7-2 and 20 U.S.C. 1432(4).

As added by P.L.121-1999, SEC.13. Amended by P.L.93-2006, SEC.17.
Ind. Code § 27-1-12-34 — Indiana Code / Title 27 / Article 1 / Chapter 12 / Section 27-1-12-34
Repealed
Status: repealed

Repealed, as added by Acts 1977, P.L.284, SEC.1, by Acts 1978, P.L.8, SEC.16. Repealed, as added by Acts 1977, P.L.285, SEC.1, by Acts 1982, P.L.6, SEC.18.
Ind. Code § 27-1-41-7 — Indiana Code / Title 27 / Article 1 / Chapter 41 / Section 27-1-41-7
Rates
Status: in_force

Sec. 7. An insurer may apply to a group insurance policy a lower rate than the rate shown in the insurer's manual for insurance policies that are:

(1) of the same type as the group insurance policy; and

(2) individually issued to insureds of the same class as the group members insured under the group insurance policy.

As added by P.L.32-2012, SEC.2.
Ind. Code § 27-1-36-30 — Indiana Code / Title 27 / Article 1 / Chapter 36 / Section 27-1-36-30
Preparation and submission of RBC plan after company action level event
Status: in_force

Sec. 30. If a company action level event occurs, the insurer shall prepare and submit to the commissioner an RBC plan that does all the following:

(1) Addresses the following:

(A) The conditions that contribute to the insurer's RBC level.

(B) The key assumptions affecting the insurer's projections and the sensitivity of the projections to the assumptions.

(C) The quality of, and problems associated with, the insurer's business, including the following:

(i) Assets.

(ii) Anticipated business growth and associated surplus strain.

(iii) Extraordinary exposure to risk.

(iv) Mix of business and use of reinsurance, if any, in each case.

(2) Contains proposals for corrective actions that the insurer intends to take and that would be expected to result in the elimination of the RBC level.

(3) Provides projections of the insurer's financial results in the current year and at least the four (4) consecutive succeeding years, both in the absence of proposed corrective actions and giving effect to the proposed corrective actions, including projections of the following:

(A) Statutory operating income.

(B) Net income.

(C) Capital.

(D) Surplus. (The projections for both new and renewal business may include separate projections for each major line of business and separately identify each significant income, expense, and benefit component.)

As added by P.L.186-1996, SEC.1.
Ind. Code § 27-1-3.1-8 — Indiana Code / Title 27 / Article 1 / Chapter 3.1 / Section 27-1-3.1-8
Procedure
Status: in_force

Sec. 8. (a) The commissioner or any of the commissioner's examiners:

(1) may conduct an examination under this chapter of any company as often as the commissioner, in the commissioner's sole discretion, considers appropriate; and

(2) shall, at a minimum, conduct an examination of every insurer licensed in Indiana at least once every five (5) years.

(b) In scheduling and determining the nature, scope, and frequency of the examinations, the commissioner shall consider such matters as the results of financial statement analyses and ratios, changes in management or ownership, actuarial opinions, reports of independent certified public accountants, and other criteria as set forth in the Financial Condition Examiner's Handbook and the Market Regulation Handbook, whichever is applicable.

(c) For purposes of completing an examination of any company under this chapter, the commissioner may examine or investigate any person, or the business of any person, in so far as such examination or investigation is, in the sole discretion of the commissioner, necessary or material to the examination of the company.

(d) In lieu of an examination under this chapter of any foreign or alien insurer licensed in Indiana, the commissioner may accept an examination report on such company as prepared by the insurance department of the company's state of domicile or port-of-entry state until January 1, 1994. After January 1, 1994, those reports may only be accepted if:

(1) the insurance department that prepared the report was at the time of the examination accredited under the Financial Regulation Standards and Accreditation Program; or

(2) the examination is performed with the participation of one (1) or more examiners who are employed by an accredited State Insurance Department and who after a review of the examination work papers and report state under oath that the examination was performed in a manner consistent with the standards and procedures required by their insurance department.

As added by P.L.26-1991, SEC.5. Amended by P.L.1-1992, SEC.144; P.L.124-2018, SEC.4.
Ind. Code § 27-8-32.4-3 — Indiana Code / Title 27 / Article 8 / Chapter 32.4 / Section 27-8-32.4-3
"Policy of accident and sickness insurance"
Status: in_force

Sec. 3. As used in this chapter, "policy of accident and sickness insurance" has the meaning set forth in IC 27-8-5-1.

As added by P.L.209-2015, SEC.19.
Ind. Code § 27-8-33-2 — Indiana Code / Title 27 / Article 8 / Chapter 33 / Section 27-8-33-2
"Federal Patient Protection and Affordable Care Act"
Status: in_force

Sec. 2. As used in this chapter, "federal Patient Protection and Affordable Care Act" includes amendments made by the federal Health Care and Education Reconciliation Act of 2010 (P.L. 111-152).

As added by P.L.193-2011, SEC.16.
Ind. Code § 27-7-2-38 — Indiana Code / Title 27 / Article 7 / Chapter 2 / Section 27-7-2-38
Violations; penalties; suspension or revocation of license
Status: in_force

Sec. 38. (a) A person who fails to comply with this chapter or fails to comply with any lawful order or ruling made by the department in the administration of this chapter commits a Class C infraction. If a person is fined for violating this section and fails to pay the fine within thirty (30) days after final judgment, the insurance commissioner shall suspend the license of the person to transact any form of insurance business in Indiana until the fine and costs incident to the final judgment are paid in full.

(b) The commissioner may, if the commissioner finds that any person or organization has violated this chapter, impose a penalty of not more than one thousand dollars ($1,000) for each such violation but if the commissioner finds the violation is willful the commissioner may impose a penalty of not more than ten thousand dollars ($10,000) for each such violation. These penalties are in addition to any other penalty provided by law.

(c) For purposes of this section, any company using a rate for which the company has failed to file the rate, supplementary rate information, or supporting information, as required by this chapter, shall have committed a separate violation for each day such failure continues.

(d) The commissioner may suspend or revoke the license of the bureau or any company that fails to comply with an order of the commissioner within the time limit specified by such order, or any extension of time that the commissioner may grant.

(e) The commissioner may determine when a suspension of license becomes effective and it shall remain in effect for the period fixed by the commissioner, unless the commissioner modifies or rescinds such suspension, or until the order upon which such suspension is based is modified, rescinded, or reversed.

(f) No penalty shall be imposed and no license shall be suspended or revoked except on a written order of the commissioner, stating the commissioner's findings, made after a hearing.

Formerly: Acts 1935, c.323, s.38. As amended by Acts 1978, P.L.2, SEC.2723; P.L.249-1989, SEC.17.
Ind. Code § 27-7-17-14 — Indiana Code / Title 27 / Article 7 / Chapter 17 / Section 27-7-17-14
Premium tax
Status: in_force

Sec. 14. (a) A travel insurer shall pay premium tax, as provided in IC 27-1-18-2, on travel insurance premiums paid by:

(1) an individual primary policyholder who is a resident of this state;

(2) a primary certificate holder who is a resident of this state and elects coverage under a group travel insurance policy; and

(3) a blanket travel insurance policyholder that is a resident of this state or has its principal place of business or the principal place of business of an affiliate or subsidiary that has purchased blanket travel insurance for an eligible group in this state, subject to any apportionment rules which apply to the insurer across multiple taxing jurisdictions or that permit the insurer to allocate premium on an apportioned basis in a reasonable and equitable manner in those jurisdictions.

(b) A travel insurer shall:

(1) document the state of residence or principal place of business of a policyholder or certificate holder, as provided in subsection (a); and

(2) report as premium only the amount allocable to travel insurance and not any amounts received for travel assistance services or cancellation fee waivers.

As added by P.L.19-2022, SEC.5.
Ind. Code § 27-1-12-13 — Indiana Code / Title 27 / Article 1 / Chapter 12 / Section 27-1-12-13
Filing form of policy with department; objections; effect on right to issue
Status: in_force

Sec. 13. A policy of life insurance shall not be issued or delivered in this state until the form of the same has been filed with the department, nor if the department give written notice within thirty (30) days of such filing, to the company proposing to issue it showing wherein the form of such policy does not comply with the requirements of the laws of this state.

Formerly: Acts 1935, c.162, s.154.
Ind. Code § 27-16-5-7 — Indiana Code / Title 27 / Article 16 / Chapter 5 / Section 27-16-5-7
Deposit of fees
Status: in_force

Sec. 7. Fees collected under this chapter shall be deposited in the department of insurance fund established by IC 27-1-3-28.

As added by P.L.245-2005, SEC.7.
Ind. Code § 27-3-3-1 — Indiana Code / Title 27 / Article 3 / Chapter 3 / Section 27-3-3-1
Definitions
Status: in_force

Sec. 1. As used in this chapter:

(a) "Commissioner" means the insurance commissioner of this state.

(b) "Domestic insurer" means a stock insurance company organized under the laws of this state.

(c) "Parent corporation" means a corporation organized for any purpose under the laws of this state or any other jurisdiction that owns, directly or indirectly, at least ninety percent (90%) of the issued and outstanding voting stock of a domestic insurer.

(d) "Subsidiary insurer" means a domestic insurer, at least ninety percent (90%) of the issued and outstanding voting stock of which is owned by a parent corporation.

(e) "Voting stock" means shares issued by a domestic insurer, the record holders of which are entitled to vote at each election of directors of the domestic insurer, and securities convertible into or evidencing a right to acquire the shares.

Formerly: Acts 1973, P.L.278, SEC.1. As amended by P.L.245-1989, SEC.2.
Ind. Code § 27-1-37.5-26 — Indiana Code / Title 27 / Article 1 / Chapter 37.5 / Section 27-1-37.5-26
Authorization periods
Status: in_force

Sec. 26. (a) The authorization periods in this section do not apply if:

(1) the health care provider has not begun providing the health care service within forty-five (45) days (excluding weekends and state and federal legal holidays) after receiving the authorization as set forth in section 25 of this chapter; and

(2) the utilization review entity revokes, limits, conditions, or restricts the authorization.

(b) An authorization for a health care service shall be valid for at least one (1) year after the date the health care provider receives the authorization.

(c) The authorization period under subsection (b) is effective regardless of any changes in dosage for a prescription drug prescribed by the health care provider.

As added by P.L.144-2025, SEC.34.
Ind. Code § 27-8-29-6 — Indiana Code / Title 27 / Article 8 / Chapter 29 / Section 27-8-29-6
"External grievance" defined
Status: in_force

Sec. 6. As used in this chapter, "external grievance" means the independent review under this chapter of a:

(1) grievance filed under IC 27-8-28; or

(2) denial of coverage based on a waiver described in IC 27-8-5-2.5(e) (expired July 1, 2007, and removed) or IC 27-8-5-19.2 (expired July 1, 2007, and repealed).

As added by P.L.66-2001, SEC.3 and P.L.203-2001, SEC.14. Amended by P.L.211-2003, SEC.6; P.L.3-2008, SEC.215.
Ind. Code § 27-7-3-8 — Indiana Code / Title 27 / Article 7 / Chapter 3 / Section 27-7-3-8
Additional deposit to meet requirements of another state; withdrawal
Status: in_force

Sec. 8. In the event any such domestic company shall be required by the laws of any other state, country, or province, as a requirement prior to doing such business as defined in this chapter therein, to deposit, with the duly appointed officer of such other state, country, or province or with the department of this state, any securities or cash in excess of the deposit required of the company by this chapter, such company may deposit with the department securities of the character authorized by this chapter sufficient to meet such requirement. The department is hereby authorized and directed to receive such deposit and to hold it exclusively for the protection of all policyholders of the company. Any deposit so made to meet the requirement of any such other state, country, or province shall not be withdrawn by the company except upon filing with the department evidence satisfactory to it that the company has withdrawn from business, and has no unsecured liability outstanding in any such other state, country, or province by which such additional deposit was required, and upon the filing of such evidence, and the approval of the department, the company may withdraw such additional deposit. Upon the approval of the department, any such domestic company may deposit and use the reserve fund, provided for in section 9 of this chapter, for the purpose of complying with the additional deposit requirement of any other state, country, or province.

Formerly: Acts 1937, c.104, s.8. As amended by P.L.252-1985, SEC.254.
Ind. Code § 27-6-9-11 — Indiana Code / Title 27 / Article 6 / Chapter 9 / Section 27-6-9-11
"Qualified United States financial institution"
Status: in_force

Sec. 11. As used in this chapter, "qualified United States financial institution" means an institution that:

(1) is organized or (in the case of a United States office of a foreign banking organization) licensed, under the laws of the United States or any state;

(2) is regulated, supervised, and examined by United States federal or state authorities having regulatory authority over banks and trust companies; and

(3) has been determined by:

(A) the commissioner; or

(B) the Securities Valuation Office of the NAIC;

to meet such standards of financial condition and standing as are considered necessary and appropriate to regulate the quality of financial institutions whose letters of credit will be acceptable to the commissioner.

As added by P.L.26-1991, SEC.26. Amended by P.L.124-2018, SEC.67.
Ind. Code § 27-15-11-1 — Indiana Code / Title 27 / Article 15 / Chapter 11 / Section 27-15-11-1
Applicability of chapter
Status: in_force

Sec. 1. This chapter applies if a closed block is used for the preservation of the reasonable dividend expectations of eligible members and other policyholders.

As added by P.L.94-1999, SEC.3.
Ind. Code § 27-8-5.7-11 — Indiana Code / Title 27 / Article 8 / Chapter 5.7 / Section 27-8-5.7-11
Claim overpayment adjustment
Status: in_force

Sec. 11. Every subsequent claim that is adjusted by an insurer for reimbursement on an overpayment of a previous provider claim made to the provider must be accompanied by an explanation of the reason for the adjustment, including:

(1) an identification of:

(A) the claim on which the overpayment was made; and

(B) if ascertainable, the party financially responsible for the overpaid amount; and

(2) the amount of the overpayment that is being reimbursed to the insurer through the adjusted subsequent claim.

As added by P.L.55-2006, SEC.2.
Ind. Code § 27-1-48.5-4 — Indiana Code / Title 27 / Article 1 / Chapter 48.5 / Section 27-1-48.5-4
"Health care services"
Status: in_force

Sec. 4. As used in this chapter, "health care services" means any services or products rendered by a health care provider within the scope of the provider's license or legal authorization.

As added by P.L.237-2025, SEC.9.
Ind. Code § 27-2-18-14 — Indiana Code / Title 27 / Article 2 / Chapter 18 / Section 27-2-18-14
Reports of material nonrenewals, cancellations, or revisions on nonconsolidated basis; exceptions
Status: in_force

Sec. 14. (a) An insurer must report all material nonrenewals, cancellations, or revisions of ceded reinsurance agreements on a nonconsolidated basis unless:

(1) the insurer is part of a consolidated group of insurers that uses a:

(A) pooling arrangement; or

(B) one hundred percent (100%) reinsurance agreement;

that affects the solvency and integrity of the insurer's reserves; and

(2) the insurer ceded substantially all of its direct and assumed business to the pool.

(b) An insurer is considered to have ceded substantially all of its direct and assumed business to a pool under subsection (a) if the insurer has less than one million dollars ($1,000,000) total direct plus assumed written premiums during a calendar year that are not subject to a pooling arrangement and the net income of the business not subject to the pooling arrangement represents less than five percent (5%) of the insurer's capital and surplus.

As added by P.L.251-1995, SEC.17.
Ind. Code § 27-13-36-12 — Indiana Code / Title 27 / Article 13 / Chapter 36 / Section 27-13-36-12
Payment to enrollee for service rendered by nonparticipating provider; requirements
Status: in_force

Sec. 12. (a) As used in this section, "nonparticipating provider" means a provider that has not entered into an agreement with a health maintenance organization to serve as a participating provider.

(b) After September 30, 2009, if a health maintenance organization makes a payment to an enrollee for a health care service rendered by a nonparticipating provider, the health maintenance organization shall include with the payment instrument written notice to the enrollee that includes the following:

(1) A statement specifying the claims covered by the payment instrument.

(2) The name and address of the provider submitting each claim.

(3) The amount paid by the health maintenance organization for each claim.

(4) Any amount of a claim that is the enrollee's responsibility.

(5) A statement in at least 24 point bold type that:

(A) instructs the enrollee to use the payment to pay the nonparticipating provider if the enrollee has not paid the nonparticipating provider in full;

(B) specifies that paying the nonparticipating provider is the enrollee's responsibility; and

(C) states that the failure to make the payment violates the law and may result in collection proceedings or criminal penalties.

As added by P.L.144-2009, SEC.3.
Ind. Code § 27-8-24.1-4 — Indiana Code / Title 27 / Article 8 / Chapter 24.1 / Section 27-8-24.1-4
"Medical food"
Status: in_force

Sec. 4. As used in this chapter, "medical food" means a formula that is:

(1) intended for the dietary treatment of a disease or condition for which nutritional requirements are established by medical evaluation; and

(2) formulated to be consumed or administered enterally under the direction of a physician.

As added by P.L.166-2003, SEC.2.
Ind. Code § 27-1-36-42 — Indiana Code / Title 27 / Article 1 / Chapter 36 / Section 27-1-36-42
Action by commissioner after mandatory control level event with respect to life or health insurer or fraternal benefit society
Status: in_force

Sec. 42. (a) If a mandatory control level event occurs with respect to a life insurer, a health insurer, or a fraternal benefit society, the commissioner shall take the actions necessary to place the insurer under regulatory control under IC 27-9.

(b) A mandatory control level event is sufficient grounds for the commissioner to take action against a life insurer, a health insurer, or a fraternal benefit society under IC 27-9, and the commissioner has the rights, powers, and duties with respect to the insurer that are set forth in IC 27-9.

(c) If the commissioner takes action against a life insurer, a health insurer, or a fraternal benefit society under an adjusted RBC report, the insurer is entitled to the protections of IC 27-9-2 pertaining to summary proceedings.

(d) The commissioner may forego action under subsections (a) through (c) for not more than ninety (90) days after the mandatory control level event if the commissioner finds there is a reasonable expectation that the mandatory control level event may be eliminated within the ninety (90) day period.

As added by P.L.186-1996, SEC.1. Amended by P.L.276-2013, SEC.27.
Ind. Code § 27-13-13-7 — Indiana Code / Title 27 / Article 13 / Chapter 13 / Section 27-13-13-7
Return of deposit
Status: in_force

Sec. 7. 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.
Ind. Code § 27-5.1-2-21 — Indiana Code / Title 27 / Article 5.1 / Chapter 2 / Section 27-5.1-2-21
Merger; plan; policyholder notice
Status: in_force

Sec. 21. (a) Two (2) or more farm mutual insurance companies may merge into one (1) farm mutual insurance company upon approval of a merger plan by the policyholders of each farm mutual insurance company as provided in subsection (b).

(b) Before a merger described in subsection (a) may take place:

(1) the board of directors of each farm mutual insurance company must approve a merger plan; and

(2) the merger plan must be approved by the affirmative vote of two-thirds (2/3) of the policyholders of each farm mutual insurance company who vote in person or by proxy.

(c) Before a meeting at which a proposed merger under this section may be considered:

(1) the policyholders of a farm mutual insurance company for which the merger is proposed must be provided, by first class mail:

(A) written notice of the date, time, and location of the meeting;

(B) written notice that a proposed merger will be discussed and voted on at the meeting; and

(C) a copy or summary of the merger plan; and

(2) a general notice stating:

(A) the date, time, and location of the meeting; and

(B) that a proposed merger or transfer will be discussed and voted on at the meeting;

must be published in a newspaper of general circulation in the county in which the principal office of the farm mutual insurance company is located.

As added by P.L.129-2003, SEC.8.
Ind. Code § 27-8-23-5 — Indiana Code / Title 27 / Article 8 / Chapter 23 / Section 27-8-23-5
Prohibited grounds for denial of coverage
Status: in_force

Sec. 5. An insurer may not deny enrollment of a child under the health coverage of the child's parent on any of the following grounds:

(1) That the child was born out of wedlock.

(2) That the child is not claimed as a dependent on the parent's federal income tax return.

(3) That the child does not reside:

(A) with the parent; or

(B) in the insurer's service area.

As added by P.L.46-1995, SEC.68 and P.L.133-1995, SEC.20.
Ind. Code § 27-5.1-2-30 — Indiana Code / Title 27 / Article 5.1 / Chapter 2 / Section 27-5.1-2-30
Premium plus assessment basis; policyholder liability
Status: in_force

Sec. 30. (a) A policyholder of a farm mutual insurance company operating on a premium plus assessment basis under this article is liable for the policyholder's share of the amount necessary to:

(1) pay the losses and necessary expenses incurred by the farm mutual insurance company; and

(2) maintain an adequate reserve or safety fund as determined by the farm mutual insurance company's directors;

while the policyholder's insurance policy is in effect.

(b) Notwithstanding subsection (a), a farm mutual insurance company shall limit a policyholder's contingent liability during any one (1) year to an amount not to exceed the limitation set forth in the farm mutual insurance company's bylaws. The limitation set forth in the farm mutual insurance company's bylaws under this subsection must be an amount equal to not less than three percent (3%) of the insurance carried by the policyholder.

As added by P.L.129-2003, SEC.8.
Ind. Code § 27-1-37.5-27 — Indiana Code / Title 27 / Article 1 / Chapter 37.5 / Section 27-1-37.5-27
Utilization review entity's duty to honor certain authorizations
Status: in_force

Sec. 27. (a) A utilization review entity shall honor an authorization that was granted to a covered individual by a previous utilization review entity for at least the initial ninety (90) days of the covered individual's coverage under a new health plan if:

(1) the utilization review entity receives information documenting the authorization from the covered individual or the covered individual's health care provider; and

(2) the authorization is for a health care service that is covered under the new health plan.

(b) During the time period described in subsection (a), a utilization review entity may perform its own review of the prior authorization request.

(c) If there is a change in:

(1) coverage of; or

(2) approval criteria for;

a previously authorized health care service, the change in coverage or approval criteria may not affect a covered individual who received authorization before the effective date of the change for the remainder of the plan year.

(d) A utilization review entity shall continue to honor an authorization that the utilization review entity granted to a covered individual when the covered individual changes products under the same health insurance company.

As added by P.L.144-2025, SEC.35.
Ind. Code § 27-8-24.2-3 — Indiana Code / Title 27 / Article 8 / Chapter 24.2 / Section 27-8-24.2-3
"Policy of accident and sickness insurance"
Status: in_force

Sec. 3. (a) As used in this chapter, "policy of accident and sickness insurance" has the meaning set forth in IC 27-8-5-1.

(b) The term does not include the following:

(1) Accident only, credit, dental, vision, Medicare, Medicare supplement, long term care, or disability income insurance.

(2) Coverage issued as a supplement to liability insurance.

(3) Automobile medical payment insurance.

(4) A specified disease policy.

(5) A limited benefit health insurance policy.

(6) A short term insurance plan that:

(A) may be renewed for the greater of:

(i) thirty-six (36) months; or

(ii) the maximum period permitted under federal law;

(B) has a term of not more than three hundred sixty-four (364) days; and

(C) has an annual limit of at least two million dollars ($2,000,000).

(7) A policy that provides a stipulated daily, weekly, or monthly payment to an insured during hospital confinement, without regard to the actual expense of the confinement.

(8) Worker's compensation or similar insurance.

(9) A student health insurance policy.

As added by P.L.109-2008, SEC.2. Amended by P.L.288-2019, SEC.19.
Ind. Code § 27-1-37-9 — Indiana Code / Title 27 / Article 1 / Chapter 37 / Section 27-1-37-9
Notice of termination of health provider contract
Status: in_force

Sec. 9. (a) This section applies to health provider contracts entered into or renewed after June 30, 2024.

(b) If a party to a health provider contract intends to terminate the contractual relationship with another party to the health provider contract, the terminating party must provide written notice to the other party of the decision to terminate the contractual relationship not less than ninety (90) days before the health provider contract terminates.

As added by P.L.158-2024, SEC.12.
Ind. Code § 27-1-36-2 — Indiana Code / Title 27 / Article 1 / Chapter 36 / Section 27-1-36-2
"Adjusted RBC report"
Status: in_force

Sec. 2. As used in this chapter, "adjusted RBC report" means an RBC report that has been adjusted by the commissioner under section 28 of this chapter.

As added by P.L.186-1996, SEC.1.
Ind. Code § 27-1-12.4-2 — Indiana Code / Title 27 / Article 1 / Chapter 12.4 / Section 27-1-12.4-2
Annuities exempt from regulation
Status: in_force

Sec. 2. An annuity is not subject to regulation by the department under IC 27 if the annuity:

(1) is established under a transaction that, for federal income tax purposes, is treated:

(A) in part as a charitable contribution under Section 170 of the Internal Revenue Code; and

(B) in part as an investment in an annuity contract under Section 72 of the Internal Revenue Code; and

(2) meets the requirements for exclusion from the definition of "acquisition indebtedness" under Section 514(c)(5) of the Internal Revenue Code.

As added by P.L.131-1994, SEC.1.
Ind. Code § 27-1-12.8-39 — Indiana Code / Title 27 / Article 1 / Chapter 12.8 / Section 27-1-12.8-39
Exemptions of certain products from requirements
Status: in_force

Sec. 39. (a) The commissioner may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in Indiana from the requirements of section 34 of this chapter if:

(1) the commissioner has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and

(2) the company computes reserves using assumptions and methods used before the operative date of the valuation manual in addition to requirements established by the commissioner in rules adopted under IC 4-22-2.

(b) With respect to a company granted an exemption under this section, sections 21 through 33 of this chapter apply. With respect to a company applying the exemption under this section, a reference to section 34 of this chapter in sections 21 through 33 of this chapter does not apply.

As added by P.L.276-2013, SEC.10.
Ind. Code § 27-8-3-3 — Indiana Code / Title 27 / Article 8 / Chapter 3 / Section 27-8-3-3
Directors, trustees, or managers
Status: in_force

Sec. 3. The affairs of all corporations, associations, or societies organized or doing business under the provisions of this chapter shall be managed by not less than five (5) directors, trustees, or managers, a majority of whom shall be residents of the state of Indiana, who shall be elected from and by the members, at such time and place and for such period, not exceeding three (3) years, as may be provided for in the bylaws, and may be eligible for reelection, provided that as near as practicable, an equal number shall be elected each year. Whenever directors, trustees, or managers shall be elected, a certificate, under the seal of the corporation, association, or society, giving the names and residences of those elected and the term of their office, shall be filed in the office of the insurance commissioner. Vacancies in the board of directors, trustees, or managers shall be filled in the manner provided in the bylaws. Such board of directors, trustees, or managers shall fix the compensation to be paid to all officers and managers of such corporation, association, or society.

Formerly: Acts 1897, c.195, s.3. As amended by P.L.252-1985, SEC.277.
Ind. Code § 27-1-24.5-8 — Indiana Code / Title 27 / Article 1 / Chapter 24.5 / Section 27-1-24.5-8
"Maximum allowable cost list"
Status: in_force

Sec. 8. As used in this chapter, "maximum allowable cost list" means a list of drugs that is used:

(1) by a pharmacy benefit manager; and

(2) to set the maximum amount that may be reimbursed to a pharmacy or pharmacist for a drug.

As added by P.L.68-2020, SEC.1.
Ind. Code § 27-13-1-20 — Indiana Code / Title 27 / Article 13 / Chapter 1 / Section 27-13-1-20
"In-plan covered services"
Status: in_force

Sec. 20. "In-plan covered services" means the following:

(1) Covered health care services that are obtained from a provider who:

(A) is employed by;

(B) is under contract with;

(C) provides health care services to an enrollee referred by; or

(D) is otherwise affiliated with;

the health maintenance organization.

(2) Emergency services.

As added by P.L.26-1994, SEC.25.
Ind. Code § 27-8-20-4 — Indiana Code / Title 27 / Article 8 / Chapter 20 / Section 27-8-20-4
"Off label use" defined
Status: in_force

Sec. 4. As used in this chapter, "off label use" means the use of a drug for indications other than those stated in the labeling approved by the federal Food and Drug Administration.

As added by P.L.277-1993(ss), SEC.120.
Ind. Code § 27-19-2-13 — Indiana Code / Title 27 / Article 19 / Chapter 2 / Section 27-19-2-13
"Person"
Status: in_force

Sec. 13. "Person" means an individual or an entity.

As added by P.L.278-2013, SEC.27.
Ind. Code § 27-14.5-1-5 — Indiana Code / Title 27 / Article 14.5 / Chapter 1 / Section 27-14.5-1-5
"Acting in concert"
Status: in_force

Sec. 5. (a) Subject to subsection (b), "acting in concert" means:

(1) a knowing participation in a joint activity whether or not under an express agreement;

(2) interdependent conscious parallel action toward a common goal under an express agreement or otherwise; or

(3) a combination or pooling of voting interests or other interests in the securities of any person for a common purpose under any contract, understanding, relationship, agreement, or other arrangement, written or otherwise.

(b) An employee benefit plan is acting in concert with:

(1) its trustee; or

(2) a person who serves in a capacity similar to a trustee;

solely for the purpose of determining whether capital stock held by the trustee or the person in a similar capacity and capital stock held by the plan will be aggregated.

As added by P.L.226-2023, SEC.30.
Ind. Code § 27-2-29-6 — Indiana Code / Title 27 / Article 2 / Chapter 29 / Section 27-2-29-6
"Qualified health plan"
Status: in_force

Sec. 6. As used in this chapter, "qualified health plan" has the meaning set forth in Section 1301 of the Affordable Care Act, 42 U.S.C. 18021.

As added by P.L.226-2023, SEC.21.
Ind. Code § 27-7-2-34 — Indiana Code / Title 27 / Article 7 / Chapter 2 / Section 27-7-2-34
Information concerning rejected risks; automatic insurance
Status: in_force

Sec. 34. The management of the bureau shall furnish to all members of the bureau complete information concerning each rejected risk and any member of such bureau may write any rejected risk as regular business in which event the risk so written shall no longer be treated as provided for in section 29 of this chapter. If, at expiration, the risk is still uninsured on voluntary basis, it shall automatically be insured as provided in section 29 of this chapter.

Formerly: Acts 1935, c.323, s.34. As amended by P.L.252-1985, SEC.242; P.L.202-2001, SEC.12.
Ind. Code § 27-8-11-8.5 — Indiana Code / Title 27 / Article 8 / Chapter 11 / Section 27-8-11-8.5
List of providers
Status: in_force

Sec. 8.5. (a) As used in this section, "insurance producer" has the meaning set forth in IC 27-1-15.6-2.

(b) An insurer shall provide any insurance producer who has contracted with the insurer with access to a complete list of every provider that has entered into an agreement with an insurer under section 3 of this chapter.

(c) An insurer shall make the information described in subsection (b) available on the insurer's portal for insurance producer communications.

As added by P.L.86-2026, SEC.26.
Ind. Code § 27-7-10-4 — Indiana Code / Title 27 / Article 7 / Chapter 10 / Section 27-7-10-4
"Hazardous financial condition" defined
Status: in_force

Sec. 4. As used in this chapter, "hazardous financial condition" means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able to:

(1) meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or

(2) pay other obligations in the normal course of business.

As added by P.L.162-1988, SEC.2.
Ind. Code § 27-1-2.3-7.5 — Indiana Code / Title 27 / Article 1 / Chapter 2.3 / Section 27-1-2.3-7.5
"State employee health plan"
Status: in_force

Sec. 7.5. As used in this chapter, "state employee health plan" means either of the following:

(1) A self-insurance program established under IC 5-10-8-7(b) to provide group coverage.

(2) A prepaid health care delivery plan through which health services are provided under IC 5-10-8-7(c).

As added by P.L.163-2024, SEC.8.
Ind. Code § 27-7-2-5 — Indiana Code / Title 27 / Article 7 / Chapter 2 / Section 27-7-2-5
Management of bureau
Status: in_force

Sec. 5. The management of said bureau shall be in the hands of duly elected officers or committees provided for in the bylaws of said bureau; each member of the bureau or member group with affiliate or subsidiary companies shall be entitled to only one (1) vote on any subject coming before the bureau for determination.

Formerly: Acts 1935, c.323, s.5. As amended by P.L.116-1994, SEC.55.
Ind. Code § 27-1-1.5-15 — Indiana Code / Title 27 / Article 1 / Chapter 1.5 / Section 27-1-1.5-15
"Financial Analysis Handbook"
Status: in_force

Sec. 15. "Financial Analysis Handbook" refers to the document entitled "Financial Analysis Handbook" that is:

(1) adopted by the NAIC; and

(2) in effect on January 1, 2018.

As added by P.L.124-2018, SEC.1.
Ind. Code § 27-13-19-3 — Indiana Code / Title 27 / Article 13 / Chapter 19 / Section 27-13-19-3
Provisions reducing or excluding benefits
Status: in_force

Sec. 3. (a) Except as provided in subsection (b), a provision in a succeeding carrier's contract of replacement coverage that would operate to reduce or exclude benefits on the basis that the condition giving rise to the benefits preexisted the effective date of the succeeding carrier's contract may not be applied with respect to those enrollees who were covered under the prior carrier's contract or policy on the date of discontinuance.

(b) A provision in a succeeding carrier's contract of replacement coverage may operate to reduce or exclude benefits on the basis of a preexisting condition to the extent that the prior carrier's contract or policy would have required that benefits for the condition be reduced or excluded.

As added by P.L.26-1994, SEC.25.
Ind. Code § 27-5.1-2-5 — Indiana Code / Title 27 / Article 5.1 / Chapter 2 / Section 27-5.1-2-5
Powers and duties
Status: in_force

Sec. 5. (a) A farm mutual insurance company has all the powers, rights, privileges, duties, and obligations of a company organized under IC 27-1-6 except where IC 27-1-6 is inconsistent with this article.

(b) A farm mutual insurance company has the following:

(1) The power to borrow money.

(2) The ability to sue or be sued.

(3) The power to make contracts of insurance or indemnity with:

(A) a person;

(B) a firm;

(C) a public corporation;

(D) a private corporation;

(E) a board;

(F) an association;

(G) an estate; or

(H) a trustee or legal representative of an estate.

(4) The power to cede or obtain reinsurance from an insurance company legally operating in Indiana.

(5) The power to participate with a financially stable insurance company in:

(A) a plan for reinsurance; or

(B) catastrophe protection.

(6) The power to determine the qualifications and the manner by which to admit or withdraw policyholders.

(7) The power to use a common seal, which the farm mutual insurance company may change or alter.

(8) The power to purchase, lease, hold, and dispose of:

(A) real property; and

(B) personal property;

in the farm mutual insurance company's name for use in carrying out the purposes of the farm mutual insurance company.

(9) The power to classify risks according to the hazards involved.

(10) The power to establish rates according to the classification of risk.

(11) The power to determine the acceptability of risk and hazards insured.

(12) The power to determine the cost of insurance issued by the farm mutual insurance company and the adjustment and payment of losses.

(13) The power to determine the compensation of directors and officers of the farm mutual insurance company.

(14) The power to require that directors and officers of the farm mutual insurance company be bonded in the performance of the duties of the directors and officers.

(15) The power to adopt or amend bylaws and articles of incorporation of the farm mutual insurance company.

(16) The power to adopt or amend policy forms and application forms used by the farm mutual insurance company.

As added by P.L.129-2003, SEC.8.
Ind. Code § 27-1-45.5-1 — Indiana Code / Title 27 / Article 1 / Chapter 45.5 / Section 27-1-45.5-1
"IPEP"
Status: in_force

Sec. 1. As used in this chapter, "IPEP" refers to the Indiana Public Employers' Plan, Inc., which was originally incorporated under the name Indiana Employers' Compensation Plan, Inc., as a domestic nonprofit corporation on December 11, 1989.

As added by P.L.117-2021, SEC.4.
Ind. Code § 27-8-5.9-4 — Indiana Code / Title 27 / Article 8 / Chapter 5.9 / Section 27-8-5.9-4
Renewal requirements
Status: in_force

Sec. 4. (a) An insurer may require an applicant for coverage under a short term insurance plan to specify, before issuance of the short term insurance plan, the number of renewals the applicant elects.

(b) After issuance of a short term insurance plan, the insurer may not require underwriting of the short term insurance plan until:

(1) all renewal periods elected under subsection (a) have ended; and

(2) the covered individual renews the short term insurance plan beyond the periods described in subdivision (1).

As added by P.L.288-2019, SEC.7.
Ind. Code § 27-1-2.2-1 — Indiana Code / Title 27 / Article 1 / Chapter 2.2 / Section 27-1-2.2-1
"Nonprofit agricultural organization"
Status: in_force

Sec. 1. As used in this chapter, "nonprofit agricultural organization" means an organization:

(1) that is exempt from taxation under Section 501(c)(5) of the Internal Revenue Code;

(2) that is domiciled in Indiana;

(3) that was in existence before 1950; and

(4) the members of which include residents of every county in Indiana.

As added by P.L.136-2020, SEC.1.
Ind. Code § 27-1-36-11 — Indiana Code / Title 27 / Article 1 / Chapter 36 / Section 27-1-36-11
"Mandatory control level event"
Status: in_force

Sec. 11. As used in this chapter, "mandatory control level event" has the meaning set forth in section 41 of this chapter.

As added by P.L.186-1996, SEC.1.
Ind. Code § 27-1-37.7-6 — Indiana Code / Title 27 / Article 1 / Chapter 37.7 / Section 27-1-37.7-6
Confidentiality
Status: in_force

Sec. 6. If the department receives information under section 4 of this chapter from a health care provider or health plan, the department shall keep the following information of the individual who submitted the information confidential:

(1) Name.

(2) Address.

(3) Telephone number.

(4) Electronic mail address.

(5) Personal health information.

(6) Any other information that could identify the individual.

As added by P.L.215-2025, SEC.53.
Ind. Code § 27-15-1-11 — Indiana Code / Title 27 / Article 15 / Chapter 1 / Section 27-15-1-11
"Parent company"
Status: in_force

Sec. 11. "Parent company" means a corporation that, upon the effective date of a conversion, owns all of the stock of the former mutual.

As added by P.L.94-1999, SEC.3.
Ind. Code § 27-13-34-18 — Indiana Code / Title 27 / Article 13 / Chapter 34 / Section 27-13-34-18
Fidelity bonds; deposit in place of bond
Status: in_force

Sec. 18. (a) Except as provided in subsection (c), a limited service health maintenance organization shall maintain in force a fidelity bond in its own name on its officers and employees:

(1) in an amount not less than fifty thousand dollars ($50,000); or

(2) in any other amount prescribed by the commissioner.

(b) The fidelity bond required by this section must be issued by an insurance company not affiliated in any way with the limited service health maintenance organization, that is licensed to do business in Indiana. However, if a fidelity bond is not available from an insurance company that holds a certificate of authority in Indiana, a limited service health maintenance organization may satisfy the requirement of this section by maintaining a fidelity bond procured by a surplus lines insurance producer not affiliated in any way with the limited service health maintenance organization who holds a license issued under IC 27-1-15.8.

(c) Instead of maintaining a fidelity bond under subsection (a), a limited service health maintenance organization may deposit with the commissioner:

(1) cash;

(2) certificates of deposit;

(3) United States government obligations acceptable to the commissioner;

(4) any other securities acceptable to the commissioner of the types referred to in IC 27-13-11-1; or

(5) a combination of the items described in subdivisions (1) through (4).

A deposit made under this subsection is in addition to any other required deposit, and must also be maintained in joint custody with the commissioner in the amount and subject to the same conditions required for a fidelity bond under this section.

As added by P.L.26-1994, SEC.25. Amended by P.L.132-2001, SEC.19; P.L.178-2003, SEC.87.
Ind. Code § 27-13-10-4 — Indiana Code / Title 27 / Article 13 / Chapter 10 / Section 27-13-10-4
Notice of grievance related information
Status: in_force

Sec. 4. (a) A health maintenance organization shall provide, at the request of the enrollee, subscriber, or legal representative of the enrollee or subscriber, and upon contract issuance, at each contract renewal, and with any notice of denial of a claim, timely, adequate, and appropriate notice to each enrollee, subscriber, or legal representative, of:

(1) the grievance procedure under this chapter and IC 27-13-10.1;

(2) information on how to file:

(A) a grievance under this chapter; and

(B) a request for an external grievance review under IC 27-13-10.1; and

(3) the address for the Internet web site established by the department under IC 27-1-3-33.

(b) A health maintenance organization shall prominently display on all notices to enrollees and subscribers the telephone number and address at which a grievance may be filed.

(c) A written description of the enrollee's or subscriber's right to file a grievance must be posted by the provider in a conspicuous public location in each facility that offers services on behalf of a health maintenance organization.

As added by P.L.191-1997, SEC.6. Amended by P.L.133-1999, SEC.5; P.L.18-2016, SEC.5.
Ind. Code § 27-1-22-19 — Indiana Code / Title 27 / Article 1 / Chapter 22 / Section 27-1-22-19
Freedom of contract with reference to commissions
Status: in_force

Sec. 19. Nothing in this chapter abridges or restricts the freedom of contract of insurers, insurance producers, or brokers with reference to the amount of commission to be paid to insurance producers or brokers by insurers, and such payments are expressly authorized.

Formerly: Acts 1967, c.133, s.19. As amended by P.L.252-1985, SEC.120; P.L.178-2003, SEC.26.
Ind. Code § 27-17-8-3 — Indiana Code / Title 27 / Article 17 / Chapter 8 / Section 27-17-8-3
Agreement void
Status: in_force

Sec. 3. A written agreement that is:

(1) entered into under IC 27-17-5-2; and

(2) canceled as provided in section 1 of this chapter;

is void from the date the written agreement is entered into.

As added by P.L.73-2006, SEC.3.
Ind. Code § 27-1-34-6 — Indiana Code / Title 27 / Article 1 / Chapter 34 / Section 27-1-34-6
Examination of arrangements; revocation or suspension of certificate of registration
Status: in_force

Sec. 6. (a) It shall be the duty of the department to examine every domestic multiple employer welfare arrangement at least every five (5) years or as often as the department in its discretion may deem necessary. The expense of the examination and or investigations of such arrangements shall be paid by the arrangement so examined.

(b) The commissioner shall revoke or suspend:

(1) the certificate of registration to do business in Indiana of any multiple employer welfare arrangement which refuses to permit such examination described in subsection (a); and

(2) any certificate of registration when any condition prescribed by law or regulation for the issuance or continuance of the certificate no longer exists.

As added by P.L.1-1992, SEC.149.
Ind. Code § 27-8-24.1-6 — Indiana Code / Title 27 / Article 8 / Chapter 24.1 / Section 27-8-24.1-6
Dollar limits, out-of-pocket expenses
Status: in_force

Sec. 6. The coverage that must be provided under this chapter shall not be subject to dollar limits, coinsurance, or deductibles that are less favorable to a covered individual than the dollar limits, coinsurance, or deductibles that apply to coverage for:

(1) prescription drugs generally under the accident and sickness insurance policy, if prescription drugs are covered under the accident and sickness insurance policy; or

(2) physical illness generally under the accident and sickness insurance policy, if prescription drugs are not covered under the accident and sickness insurance policy.

As added by P.L.166-2003, SEC.2.
Ind. Code § 27-1-30-1 — Indiana Code / Title 27 / Article 1 / Chapter 30 / Section 27-1-30-1
Repealed
Status: repealed

As added by P.L.270-1987, SEC.2. Repealed by P.L.2-1992, SEC.897.
Ind. Code § 27-1-12.5-3 — Indiana Code / Title 27 / Article 1 / Chapter 12.5 / Section 27-1-12.5-3
Minimum nonforfeiture amounts
Status: in_force

Sec. 3. (a) The minimum values as specified in sections 4, 5, 6, 7, and 9 of this chapter of any paid-up annuity, cash surrender or death benefits available under an annuity contract shall be based upon minimum nonforfeiture amounts as defined in this section.

(b) With respect to any annuity contract, the minimum nonforfeiture amounts at any time at or prior to the commencement of any annuity payments shall be equal to an accumulation up to such time at an annual rate of interest determined under subsections (d) and (e) of the net considerations as set forth in subsection (c) paid prior to such time, decreased by the sum of the following:

(1) Any prior withdrawals from or partial surrenders of the annuity contract accumulated at an annual rate of interest determined under subsections (d) and (e).

(2) The amount of any indebtedness to the company on the annuity contract, including interest due and accrued.

(3) An annual contract charge of fifty dollars ($50), accumulated at the annual rate of interest determined under subsections (d) and (e).

(c) The net considerations for a given contract year used to define the minimum nonforfeiture amount shall be an amount equal to eighty-seven and one-half percent (87.5%) of the gross considerations credited to the annuity contract during that contract year.

(d) Except as provided in subsection (e), the interest rate used in determining minimum nonforfeiture amounts is an annual rate of interest determined under either of the following methods:

(1) The five-year constant maturity treasury rate, rounded to the nearest five-hundredths of one percent (0.05%), as reported by the Federal Reserve as of a date specified in the annuity contract. Reduce this amount by one hundred twenty-five (125) basis points.

(2) An average of the five-year constant maturity treasury rate as reported by the Federal Reserve, rounded to the nearest five-hundredths of one percent (0.05%), over a specified period as set forth in the annuity contract. Reduce this amount by one hundred twenty-five (125) basis points.

The date under subdivision (1) or the average period used under subdivision (2) may not be longer than fifteen (15) months before the annuity contract issue date or the redetermination date as determined under subsection (f).

(e) If the rate of interest determined under subsection (d) is:

(1) less than one percent (1%), the interest rate used in determining minimum nonforfeiture amounts is fifteen one-hundredths of one percent (0.15%); or

(2) greater than three percent (3%), the interest rate used in determining minimum nonforfeiture amounts is three percent (3%).

(f) The interest rate determined under subsections (d) and (e) applies for an initial period and may be redetermined for subsequent periods. The redetermination date, basis, and period, if any, must be specified in the annuity contract. The basis is:

(1) the date; or

(2) an average calculated over a specified period;

that produces the value of the five-year constant maturity treasury rate reported by the Federal Reserve to be used at each redetermination date.

(g) During the period or term that an annuity contract provides substantive participation in an equity index benefit, the contract may increase the basis point reduction described in subsection (d) by not more than an additional one hundred (100) basis points to reflect the value of the equity index benefit. The present value at the annuity contract issue date, and at each redetermination date after the annuity contract issue date, of the additional reduction may not exceed the market value of the benefit. The commissioner may require a demonstration that the present value of the additional reduction does not exceed the market value of the benefit. If the demonstration is not acceptable to the commissioner, the commissioner may disallow or limit the additional reduction.

(h) The commissioner may adopt rules under IC 4-22-2 to provide for further adjustments to the calculation of minimum nonforfeiture amounts for:

(1) annuity contracts that provide participation in an equity index benefit; and

(2) other annuity contracts for which the commissioner determines adjustments are justified.

As added by Acts 1977, P.L.286, SEC.1. Amended by P.L.130-2002, SEC.1; P.L.59-2004, SEC.2; P.L.165-2022, SEC.3.
Ind. Code § 27-2-21-20 — Indiana Code / Title 27 / Article 2 / Chapter 21 / Section 27-2-21-20
Filings
Status: in_force

Sec. 20. (a) An insurer that uses an insurance score to underwrite and rate risks shall file the insurer's scoring models or other scoring processes with the department.

(b) A third party may file a scoring model or scoring process on behalf of an insurer.

(c) A filing that includes insurance scoring may include loss experience justifying the use of credit information.

(d) A filing related to credit information is confidential.

As added by P.L.201-2003, SEC.1.
Ind. Code § 27-1-4.5-6 — Indiana Code / Title 27 / Article 1 / Chapter 4.5 / Section 27-1-4.5-6
Implementation of a plan to collect the ownership information
Status: in_force

Sec. 6. (a) The department shall cooperate with the Indiana department of health and the secretary of state to develop and implement a plan to collect the information described in section 5 of this chapter, IC 16-21-6-3(a)(14) through IC 16-21-6-3(a)(18), and IC 23-0.5-2-13(a)(6).

(b) Before September 1 of each year, the department shall provide the information collected under section 5 of this chapter to the Indiana department of health.

As added by P.L.239-2025, SEC.11.
Ind. Code § 27-17-1-9 — Indiana Code / Title 27 / Article 17 / Chapter 1 / Section 27-17-1-9
"Person"
Status: in_force

Sec. 9. "Person" means an individual or a business entity.

As added by P.L.73-2006, SEC.3.
Ind. Code § 27-2-18-9 — Indiana Code / Title 27 / Article 2 / Chapter 18 / Section 27-2-18-9
Filing copies
Status: in_force

Sec. 9. One (1) complete copy of the report, including any exhibits or other attachments filed with the report, shall be filed with the department.

As added by P.L.251-1995, SEC.17. Amended by P.L.81-2012, SEC.20.
Ind. Code § 27-15-11-6 — Indiana Code / Title 27 / Article 15 / Chapter 11 / Section 27-15-11-6
Methods for assignment or designation of assets
Status: in_force

Sec. 6. The plan of operation must specify the following:

(1) The method of assignment of closed block assets referred to in section 5 of this chapter that is being used.

(2) The methods by which the designations of assets or portions of assets are changed during the course of closed block operations.

As added by P.L.94-1999, SEC.3.
Ind. Code § 27-1-6-7 — Indiana Code / Title 27 / Article 1 / Chapter 6 / Section 27-1-6-7
Articles of incorporation; submission to department; proof of publication
Status: in_force

Sec. 7. At the time of presenting the articles of incorporation for approval, the incorporators shall file with the department the proof of publication required by section 5 of this chapter. The department shall determine whether the proof of publication conforms with the provisions of section 5 of this chapter and is hereby authorized to approve or disapprove the same. If the department shall disapprove the proof of publication, it shall endorse its disapproval thereon and return the proof of publication and the articles of incorporation to the incorporators. If the department approves the proof of publication, it shall then consider the articles of incorporation.

Formerly: Acts 1935, c.162, s.67. As amended by P.L.252-1985, SEC.19.
Ind. Code § 27-1-29.1-5 — Indiana Code / Title 27 / Article 1 / Chapter 29.1 / Section 27-1-29.1-5
"Political subdivision" defined
Status: in_force

Sec. 5. As used in this chapter, "political subdivision" has the meaning set forth in IC 34-6-2.1-155.

As added by P.L.272-1987, SEC.7. Amended by P.L.3-1989, SEC.152; P.L.1-1998, SEC.147; P.L.186-2025, SEC.146.
Ind. Code § 27-1-29.1-1 — Indiana Code / Title 27 / Article 1 / Chapter 29.1 / Section 27-1-29.1-1
"Commission" defined
Status: in_force

Sec. 1. As used in this chapter, "commission" refers to the Indiana political subdivision risk management commission established by IC 27-1-29-5.

As added by P.L.272-1987, SEC.7.
Ind. Code § 27-7-9-9 — Indiana Code / Title 27 / Article 7 / Chapter 9 / Section 27-7-9-9
Reinsurance; terms; ceding commission
Status: in_force

Sec. 9. (a) An insurer making the type of insurance described in Class 3(a) of IC 27-1-5-1 shall enter into a reinsurance agreement with the commissioner. The reinsurance agreement must include the following terms:

(1) The insurer agrees to cede to the commissioner one hundred percent (100%) of any mine subsidence coverage issued under this chapter, subject to a maximum limit of five hundred thousand dollars ($500,000) per structure insured.

(2) The insurer shall collect the premiums for mine subsidence insurance, may retain a ceding commission in an amount set by the commissioner, and shall remit the remainder of the premiums to the commissioner for deposit in the mine subsidence insurance fund.

(3) The insurer, in consideration of the ceding commission, shall:

(A) undertake the adjustment of losses under the mine subsidence coverage issued under this chapter by the insurer, with technical assistance provided under section 9.5 of this chapter; and

(B) pay the taxes and absorb all other expenses necessarily incurred by the insurer in the sale of policies and the administration of the mine subsidence insurance program under this chapter.

(4) The commissioner shall reimburse the insurer from the mine subsidence insurance fund for all amounts paid to policyholders for mine subsidence insurance claims.

(5) The insurer is not required to pay a claim for any mine subsidence loss insured under this chapter if the amount available in the mine subsidence insurance fund is insufficient to reimburse the insurer for the claim.

(b) The determination of the commissioner as to the amount of the ceding commission that an insurer may retain under subsection (a)(2) must be based on a consideration of the insurer's reasonable administrative costs (including insurance producers' commissions).

As added by P.L.164-1986, SEC.1. Amended by P.L.150-1990, SEC.3; P.L.124-1992, SEC.7; P.L.189-1996, SEC.1; P.L.182-2001, SEC.4; P.L.178-2003, SEC.48; P.L.35-2015, SEC.1.
Ind. Code § 27-1-16.1-7 — Indiana Code / Title 27 / Article 1 / Chapter 16.1 / Section 27-1-16.1-7
"Supervising entity"
Status: in_force

Sec. 7. As used in this chapter, "supervising entity" means a business entity that:

(1) supervises the activities of a self-storage facility related to a self-storage insurance policy;

(2) is an:

(A) insurer; or

(B) insurance producer;

that is licensed under this title; and

(3) issues, or is appointed by an insurer that issues, the self-storage insurance policy.

As added by P.L.81-2013, SEC.3.
Ind. Code § 27-19-4-9 — Indiana Code / Title 27 / Article 19 / Chapter 4 / Section 27-19-4-9
Navigator certification renewal; waiver
Status: in_force

Sec. 9. A certified navigator who is unable to comply with the certification renewal procedures under this chapter due to military service or another extenuating circumstance may request from the commissioner:

(1) a temporary waiver of:

(A) the renewal procedure; or

(B) an examination requirement; or

(2) a waiver of a penalty or sanction that might otherwise be imposed for failure to comply with the renewal procedures.

As added by P.L.278-2013, SEC.27.
Ind. Code § 27-1-16.1-16 — Indiana Code / Title 27 / Article 1 / Chapter 16.1 / Section 27-1-16.1-16
Application for limited lines producer's license
Status: in_force

Sec. 16. (a) A self-storage facility shall apply for a limited lines producer's license required by this chapter by filing a sworn application for the license with the commissioner on forms prescribed and furnished by the commissioner.

(b) An application filed under subsection (a) must include the following information:

(1) The name, residence address, and other information required by the commissioner for an employee or officer of the self-storage facility who is designated by the self-storage facility as the individual who is responsible for the self-storage facility's compliance with this chapter.

(2) The physical address of the self-storage facility's home office.

As added by P.L.81-2013, SEC.3.
Ind. Code § 27-10-1-7 — Indiana Code / Title 27 / Article 10 / Chapter 1 / Section 27-10-1-7
"Insurer"
Status: in_force

Sec. 7. "Insurer" means any domestic, foreign, or alien surety company which has qualified generally to transact surety business under the requirements of this title and specifically to transact bail bond business in this state.

As added by P.L.261-1985, SEC.1. Amended by P.L.149-1986, SEC.60.
Ind. Code § 27-13-37.5-0.1 — Indiana Code / Title 27 / Article 13 / Chapter 37.5 / Section 27-13-37.5-0.1
Application of chapter
Status: in_force

Sec. 0.1. This chapter applies to an individual contract or a group contract that is entered into, delivered, amended, or renewed after June 30, 2003.

As added by P.L.220-2011, SEC.462.
Ind. Code § 27-13-34-9 — Indiana Code / Title 27 / Article 13 / Chapter 34 / Section 27-13-34-9
Issuance of certificate of authority; application deficiencies; denial of application
Status: in_force

Sec. 9. (a) After receiving an application filed under section 8 of this chapter, the commissioner shall review the application and notify the applicant of any deficiencies in the application.

(b) The commissioner shall issue a certificate of authority to an applicant if the following conditions are met:

(1) The requirements of section 8 of this chapter have been fulfilled.

(2) The individuals responsible for conducting the affairs of the applicant are competent, trustworthy, possess good reputations, and have had appropriate experience, training, or education.

(3) The applicant is financially responsible and may reasonably be expected to meet its obligations to enrollees and to prospective enrollees. In making this determination, the commissioner may consider:

(A) the financial soundness of the arrangements of the applicant for limited health services;

(B) the adequacy of the applicant's working capital, other sources of funding, and provisions for contingencies;

(C) any agreement for paying the cost of the limited health services or for alternative coverage in the event of insolvency of the limited service health maintenance organization; and

(D) the manner in which the requirements of sections 16 and 17 of this chapter have been fulfilled.

(4) The agreements with providers for the provision of limited health services contain the provisions required by section 15 of this chapter.

(5) Any deficiencies identified by the commissioner have been corrected.

(c) If an application for a certificate of authority is denied, the commissioner shall notify the applicant and shall specify in the notice the reasons for the denial of the application. Within thirty (30) days after receiving the notice, the applicant may request a hearing before the commissioner under IC 4-21.5.

As added by P.L.26-1994, SEC.25.
Ind. Code § 27-8-11-8 — Indiana Code / Title 27 / Article 8 / Chapter 11 / Section 27-8-11-8
Provider directories
Status: in_force

Sec. 8. (a) An insurer may provide to an insured in electronic or paper form a directory of providers with which the insurer has entered into an agreement under section 3 of this chapter.

(b) An insurer that provides a directory described in subsection (a) shall:

(1) inform the insured that the insured may request the directory in paper form; and

(2) provide the directory in paper form upon the request of the insured.

As added by P.L.125-2005, SEC.5.
Ind. Code § 27-7-1-8 — Indiana Code / Title 27 / Article 7 / Chapter 1 / Section 27-7-1-8
Supervision and control
Status: in_force

Sec. 8. The insurance commissioner shall have the same supervision and control over Lloyds as the insurance commissioner has over stock insurance companies incorporated under the laws of Indiana.

Formerly: Acts 1919, c.177, s.8. As amended by P.L.148-2017, SEC.13.
Ind. Code § 27-8-10-2.4 — Indiana Code / Title 27 / Article 8 / Chapter 10 / Section 27-8-10-2.4
Tax credits
Status: in_force

Sec. 2.4. (a) Beginning January 1, 2005, a member that, before January 1, 2005, has:

(1) paid an assessment; and

(2) not taken a credit against taxes;

under section 2.1 of this chapter (as in effect December 31, 2004) is not entitled to claim or carry forward the unused tax credit except as provided in this section.

(b) A member described in subsection (a) may, for each taxable year beginning after December 31, 2006, take a credit of not more than ten percent (10%) of the amount of the assessments paid before January 1, 2005, against which a tax credit has not been taken before January 1, 2005. A credit under this subsection may be taken against premium taxes, adjusted gross income taxes, or any combination of these, or similar taxes upon revenues or income of the member that may be imposed by the state, up to the amount of the taxes due for each taxable year.

(c) If the maximum amount of a tax credit determined under subsection (b) for a taxable year exceeds a member's liability for the taxes described in subsection (b), the member may carry the unused portion of the tax credit forward to subsequent taxable years. Tax credits carried forward under this subsection are not subject to the ten percent (10%) limit set forth in subsection (b).

(d) The total amount of credits taken by a member under this section in all taxable years may not exceed the total amount of assessments paid by the member before January 1, 2005, minus the total amount of tax credits taken by the member under section 2.1 of this chapter (as in effect December 31, 2004) before January 1, 2005.

As added by P.L.51-2004, SEC.4.
Ind. Code § 27-7-18-17 — Indiana Code / Title 27 / Article 7 / Chapter 18 / Section 27-7-18-17
Nonapplicability
Status: in_force

Sec. 17. (a) Section 11 of this chapter does not apply to access as described in section 11(a) of this chapter if granted by a contracting entity to:

(1) a dental carrier or other entity operating in accordance with the same brand licensee program as the contracting entity;

(2) an entity that is an affiliate of the contracting entity; or

(3) a third party if the contracting entity is a dental carrier that retains responsibility for administering the dental plan in accordance with its applicable provider network contracts, including all fee schedules and processing policies.

(b) For the purposes of this section, a contracting entity shall make a list of the contracting entity's affiliates available to providers on the contracting entity's website.

(c) Section 11 of this chapter does not apply to a provider network contract for dental services provided to beneficiaries of health programs established or maintained by local, state, or federal government, such as:

(1) Medicaid established under Title XIX of the federal Social Security Act (42 U.S.C. 1396 et seq.);

(2) the children's health insurance program established under Title XXI of the federal Social Security Act (42 U.S.C. 1397aa-1397mm); or

(3) Medicare Advantage.

As added by P.L.17-2024, SEC.19.
Ind. Code § 27-7-18-15 — Indiana Code / Title 27 / Article 7 / Chapter 18 / Section 27-7-18-15
Copy of contract upon request
Status: in_force

Sec. 15. A contracting entity that is a party to a provider network contract shall make a copy of the provider network contract relied on in the adjudication of a claim available to a participating provider not more than thirty (30) days after the date of the participating provider's request.

As added by P.L.17-2024, SEC.19.