Title 27, INSURANCE

Sec. 13. The fees payable to the secretary of the state by insurance companies which are organized or reorganized under the laws of this state or the laws of any other state, territory or insular possession of the United States or the District of Columbia shall be the same as the…

Sec. 14. Any insurance company organized under the laws of this state, in addition to the rights and powers conferred upon it by the law under which it was organized and/or under which it operates, shall have the power to establish a pension plan or system for the benefit of its …

Sec. 15. If any company, whether organized under the provisions of this article or of any statute enacted prior to March 8, 1935, for the purpose of making any kind or kinds of insurance, does not complete its organization and proceed with the transaction of business, pursuant to…

Sec. 19. No company doing business in this state or agent thereof shall state or represent by advertisement in any newspaper, periodical or magazine or by any sign, circular, card, policy of insurance or certificate of renewal thereof or otherwise that any funds or assets are in …

Sec. 20. Except as otherwise provided in this section, every advertisement or public announcement and every sign, circular or card issued or displayed by any domestic, foreign or alien company doing business in this state, purporting to make known its financial condition, shall s…

Sec. 21. Every company doing business in this state shall file with the department on or before March 1 in each year a financial statement for the year ending December 31 immediately preceding in a format in accordance with IC 27-1-3-13. For good and sufficient cause shown, the c…

Sec. 21.2. The commissioner may impose a civil penalty of five hundred dollars ($500) under IC 4-21.5-3 on an insurance company that fails to comply with section 21 of this chapter. As added by P.L.1-1990, SEC.258.

Sec. 21.3. (a) Every domestic casualty insurance company, domestic fire and marine insurance company, and domestic life and health insurance company shall include an actuarial opinion as an additional part of the financial statement required under section 21 of this chapter. The …

Sec. 22. Whenever any provision of this article requires that there shall be filed any verified account, report, or other paper by any person, firm, or corporation, such account, report, or other paper shall be executed by the person or persons filing such account, report, or oth…

Sec. 23. No order, judgment, or decree providing for an accounting or enjoining, restraining, or interfering with the operation of the business of any insurance company, association, or society, to which any provision of this article is applicable, or for the appointment of a tem…

Sec. 25. (a) A domestic company that organized after March 7, 1935, may not operate: (1) an insurance business on the assessment plan; or (2) an insurance business as Lloyds. (b) A domestic company may not operate an insurance business on the reciprocal plan as an interinsurer or…

Sec. 26. Except as provided in IC 27-5.1-2-8, the provisions of this article shall not apply to a farm mutual insurance company or any similar company organized and operating under IC 27-5 (before its repeal) or IC 27-5.1, nor shall any provision of this article be construed as r…

Sec. 27. The provisions of IC 27-1-5 through IC 27-1-19 and this chapter shall not apply to any domestic mutual fire insurance company or association licensed as of March 8, 1935, originally organized and operated by farmers to insure farm property. Formerly: Acts 1935, c.162, s.…

Sec. 29. Nothing contained in this article shall be construed to affect or apply to any corporation organized before March 8, 1935, under any law of this state which is authorized to engage in the making of abstracts of title to real estate and the issuing of certificates insurin…

Sec. 3. Eligible investments made or deposited prior to March 8, 1935, shall continue to be eligible for deposit, subject, however, to section 4 of this chapter. Formerly: Acts 1935, c.162, s.250. As amended by P.L.252-1985, SEC.87.

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 solici…

Sec. 31. Insurance corporations may have interlocking directorates, provided no person at the same time shall be a director in two (2) or more insurance corporations where the effect may be to substantially lessen competition generally or tend to create a monopoly. Whenever the c…

Sec. 32. No caption of any section or set of sections of Acts 1935, c.162 shall in any way affect the interpretation of this article or any provision of this article. Formerly: Acts 1935, c.162, s.275. As amended by P.L.252-1985, SEC.102.

Sec. 33. (a) As used in this section, "insurer" refers to each: (1) domestic company; (2) foreign company; and (3) alien company; that is authorized to transact business in Indiana. (b) On or before March 1 of each year, an insurer shall file with the NAIC and with the department…

Sec. 35. (a) Except as otherwise provided in this title, a company shall respond to a written inquiry or request that: (1) is made by the department; and (2) meets the requirements of subsection (b); not more than twenty (20) business days after the date the written inquiry or re…

Sec. 36. (a) As used in this section, "health insurance" means the kind of coverage provided under a health insurance plan. (b) As used in this section, "health insurance plan" means any of the following: (1) An individual policy of accident and sickness insurance (as defined in …

Sec. 4. If any investment when made or purchased conforms to the requirements of this law, or of any law of this state at the date of such deposit, it shall continue to be eligible for deposit for the full amount thereof so long as: (a) in the case of an interest-bearing investme…

Sec. 5. Nothing in this law shall prevent the deposit of securities and other evidences of ownership of property, acquired from a life insurance company domiciled in a foreign state or alien country by a domestic life insurance company under a reinsurance agreement approved by th…

Sec. 6. If a life insurance company, in order to protect itself against loss on account of defaulted securities issued by a public or private corporation and deposited with the department in accordance with this article, enters into an agreement incidental to the financial reorga…

Sec. 7. Nothing in this article shall prevent a life insurance company, with the commissioner's consent, from withdrawing investments from deposit for the purpose of pledging them for a loan or loans, in which case the difference between the deposit value of such investments and …

Sec. 8. (a) The definitions set forth in this subsection apply throughout this section: (1) "Broker dealer" means an entity that: (A) is registered with and subject to the jurisdiction of the Securities and Exchange Commission; (B) maintains membership in the Securities Investor …

Sec. 9. Companies shall have the right at any time to change their securities on deposit, by substituting for those withdrawn a like amount in other securities of the character provided for in this article, and whenever the net cash value of policies outstanding and in force agai…

Sec. 1. As used in this chapter, "person" has the meaning set forth in IC 27-1-2-3. As added by P.L.203-2001, SEC.6.

Sec. 2. A person may not disclose any nonpublic personal information to a non-affiliated third party in violation of Title V of the Gramm-Leach-Blilely Act of 1999, 15 U.S.C. 6801 et seq. As added by P.L.203-2001, SEC.6.

Sec. 3. The commissioner may adopt rules under IC 4-22-2 to implement this chapter. These rules: (1) must be consistent with; and (2) may not be more restrictive than; the standards contained in 15 U.S.C. 6801 et seq. As added by P.L.203-2001, SEC.6.

Sec. 4. This chapter does not create a private right of action against any person. As added by P.L.203-2001, SEC.6.

Sec. 0.1. The addition of this chapter by P.L.277-1993(ss) applies to insurance policies or health maintenance contracts that: (1) are entered into or renewed with employers or individuals; and (2) become effective after June 30, 1993. As added by P.L.220-2011, SEC.448.

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.

Sec. 2. As used in this chapter, "drug" means a drug or biologic that is used in an anticancer chemotherapeutic regimen. As added by P.L.277-1993(ss), SEC.120.

Sec. 3. As used in this chapter, "insurance policy" means an accident and sickness policy (as defined in IC 27-8-5-1). As added by P.L.277-1993(ss), SEC.120.

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.

Sec. 5. As used in this chapter, "health maintenance organization" has the meaning set forth in IC 27-13-1-19. As added by P.L.277-1993(ss), SEC.120. Amended by P.L.26-1994, SEC.19.

Sec. 6. As used in this chapter, "standard reference compendium" means any of the following: (1) The United States Pharmacopeia Drug Information. (2) The American Medical Association Drug Evaluations. (3) The American Hospital Formulary Service Drug Information. As added by P.L.2…

Sec. 7. An insurance policy or a health maintenance organization that provides coverage for drugs may not exclude coverage of a covered drug for a particular indication on the grounds that the drug has not been approved by the federal Food and Drug Administration for the particul…

Sec. 8. The commissioner has the authority to enforce this chapter under the provisions of IC 27-1-3-19, IC 27-9, and IC 27-13. As added by P.L.277-1993(ss), SEC.120. Amended by P.L.26-1994, SEC.21.

Sec. 9. This chapter does not do any of the following: (1) Require coverage for any drug when the federal Food and Drug Administration has determined the drug's use to be contraindicated. (2) Require coverage for an experimental drug not approved for any indication by the federal…

Sec. 1. The rates to be used by a health maintenance organization, including the actuarial assumptions underlying those rates, must be filed with the commissioner for approval and: (1) must be established in accordance with actuarial principles for various categories of enrollees…

Sec. 1.3. (a) A health maintenance organization shall file the following information with the commissioner as part of the filing under this chapter: (1) The change in hospital reimbursement for inpatient and outpatient services from the preceding calendar year. (2) The impact of …

Sec. 1.5. (a) Before approving or disapproving an increase or decrease in the rates to be used by a health maintenance organization, the commissioner shall review the following: (1) The products affected, by line of business. (2) The number of covered lives affected. (3) Whether …

Sec. 2. (a) Except as provided in subsection (b), a document submitted to the commissioner under this chapter is deemed approved when one (1) of the following conditions is met: (1) The health maintenance organization receives a written communication of approval from the commissi…