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Indiana Statutes, Title 27

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Indiana/Statutes

← All Indiana coverage

Title 27, INSURANCE

344 chapters · 3,652 sections in this title.

All chapters in Title 273,652 Ch 1, Department Created215 Ch 2, Application of Article; Definitions199 Ch 3, General Powers and Duties of the Dep…199 Ch 4, Prohibited Activities106 Ch 6, Formation of Domestic Companies100 Ch 10, Voluntary Dissolution99 Ch 5, Classification of Insurance97 Ch 9, Merger, Consolidation, and Reinsurance97 Ch 8, Procedures for Amending Articles of …96 Ch 12, Life Insurance Company Powers and Po…92 Ch 7, General Corporate Powers and Respons…84 Ch 36, Risk Based Capital Requirements75 Ch 15, Participating Providers; Contracts a…68 Ch 13, Casualty, Fire, and Marine Insurance…66

17 sections·Filtered byTitle 27✕Ch 33✕

Ind. Code § 27-1-33-1 Actuary
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Sec. 1. As used in this chapter, "actuary" means a person who is a member in good standing of the American Academy of Actuaries. As added by P.L.1-1992, SEC.148.
Ind. Code § 27-1-33-10 Violations; penalties; civil actions
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Sec. 10. (a) If the commissioner determines that the MGA or any other person has not materially complied with this chapter or any rule or order adopted under this chapter, after notice and opportunity to be heard: (1) the commissioner may order: (A) for each separate violation, a…
Ind. Code § 27-1-33-11 Rules for implementation and administration of chapter
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Sec. 11. The commissioner may adopt reasonable rules under IC 4-22-2 for the implementation and administration of this chapter. As added by P.L.1-1992, SEC.148.
Ind. Code § 27-1-33-2 Commissioner
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Sec. 2. As used in this chapter, "commissioner" refers to the insurance commissioner appointed under IC 27-1-1-2. As added by P.L.1-1992, SEC.148.

Ind. Code § 27-1-33-3 Insurer

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Sec. 3. As used in this chapter, "insurer" means any person, firm, association, or corporation duly authorized to act in Indiana as an insurance company pursuant to IC 27-1. As added by P.L.1-1992, SEC.148.

Ind. Code § 27-1-33-4 Managing general agent

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Sec. 4. (a) As used in this chapter, "managing general agent" or "MGA" means any person, firm, association, or corporation: (1) that manages all or part of the insurance business of an insurer (including the management of a separate division, department, or underwriting office); …

Ind. Code § 27-1-33-5 Underwrite

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Sec. 5. As used in this chapter, "underwrite" means the authority to accept or reject risk on behalf of the insurer. As added by P.L.1-1992, SEC.148.

Ind. Code § 27-1-33-6 Acting in capacity of MGA with respect to risks; prohibitions; bond; errors and omissions policy

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Sec. 6. (a) A person, a firm, an association, or a corporation may not act in the capacity of an MGA with respect to risks located in Indiana for an insurer licensed in Indiana unless that person is a licensed producer in Indiana. (b) A person, a firm, an association, or a corpor…

Ind. Code § 27-1-33-7 Placement of business with an insurer; contract; contents

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Sec. 7. A person, a firm, an association, or a corporation acting in the capacity of an MGA may not place business with an insurer unless there is in force a written contract between the parties. A contract required by this section must set forth the responsibilities of each part…

Ind. Code § 27-1-33-8 Independent financial examination; loss reserves; on-site review of underwriting and claims; reinsurance; termination of contracts; review of books and records; board of directors

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Sec. 8. (a) An insurer shall have on file an independent financial examination, in a form acceptable to the commissioner, of each MGA with which it has done business. (b) If an MGA establishes loss reserves, the insurer shall annually obtain the opinion of an actuary attesting to…

Ind. Code § 27-1-33-9 Actions of MGA; examinations

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Sec. 9. The acts of the MGA are considered to be the acts of the insurer on whose behalf the MGA is acting. An MGA may be examined as if it were the insurer. As added by P.L.1-1992, SEC.148.

Ind. Code § 27-8-33-1 "Abortion"

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Sec. 1. As used in this chapter, "abortion" has the meaning set forth in IC 16-18-2-1. As added by P.L.193-2011, SEC.16. Amended by P.L.179-2022(ss), SEC.45.

Ind. Code § 27-8-33-2 "Federal Patient Protection and Affordable Care Act"

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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 § 27-8-33-3 "Qualified health plan"

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Sec. 3. As used in this chapter, "qualified health plan" has the meaning set forth in Section 1301 of the federal Patient Protection and Affordable Care Act (P.L. 111-148). As added by P.L.193-2011, SEC.16.

Ind. Code § 27-8-33-4 Prohibition on coverage for abortion; exceptions

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Sec. 4. A qualified health plan offered under Subtitle D of Title 1 of the federal Patient Protection and Affordable Care Act may not provide coverage for abortion, except when an abortion is permitted under IC 16-34-2-1. As added by P.L.193-2011, SEC.16. Amended by P.L.179-2022(…

Ind. Code § 27-13-33-1 Coordination of benefits provision; purpose

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Sec. 1. Health maintenance organizations may adopt a coordination of benefits provision to: (1) avoid overinsurance; and (2) provide for the orderly payment of a claim when a person is covered by two (2) or more group health insurance or health care plans. As added by P.L.26-1994…

Ind. Code § 27-13-33-2 Provision consistent with 760 IAC 1-38.1

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Sec. 2. If a health maintenance organization adopts a coordination of benefits provision, the provision must be consistent with the coordination of benefits provisions of 760 IAC 1-38.1. As added by P.L.26-1994, SEC.25. Amended by P.L.124-2018, SEC.95.