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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

10 sections·Filtered byTitle 27✕Ch 4.5✕

Ind. Code § 27-1-4.5-1 "Controlling"
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Sec. 1. As used in this chapter, "controlling" has the meaning set forth in IC 23-1-43-8. As added by P.L.239-2025, SEC.11.
Ind. Code § 27-1-4.5-10 Requirement to operate within existing appropriations
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Sec. 10. In carrying out the department's duties under this chapter, the department shall operate within existing appropriations for the department. As added by P.L.239-2025, SEC.11.
Ind. Code § 27-1-4.5-2 "Insurer"
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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 i…
Ind. Code § 27-1-4.5-3 "Pharmacy benefit manager"
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Sec. 3. As used in this chapter, "pharmacy benefit manager" has the meaning set forth in IC 27-1-24.5-12. As added by P.L.239-2025, SEC.11.

Ind. Code § 27-1-4.5-4 "Third party administrator"

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Sec. 4. As used in this chapter, "third party administrator" means an individual or entity that performs administrative services for an insurer or a self-funded health benefit plan, including: (1) a self-funded health benefit plan that complies with the federal Employee Retiremen…

Ind. Code § 27-1-4.5-5 Required reporting of ownership information by an insurer, a third party administrator, and a pharmacy benefit manager

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Sec. 5. (a) Beginning July 1, 2025, and each July 1 thereafter, each insurer, third party administrator, and pharmacy benefit manager that does business in Indiana shall file with the department a report that includes the following information: (1) The name of each person or enti…

Ind. Code § 27-1-4.5-6 Implementation of a plan to collect the ownership information

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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)…

Ind. Code § 27-1-4.5-7 Fine for noncompliance; disciplinary action for repeated noncompliance

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Sec. 7. (a) The department may assess: (1) an insurer; (2) a third party administrator; or (3) a pharmacy benefit manager; that violates section 5 of this chapter a fine of one thousand dollars ($1,000) per day for which the report is past due. (b) A fine under this section shall…

Ind. Code § 27-1-4.5-8 Annual report of the violations assessed and fines waived

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Sec. 8. (a) Before December 1 of each year, the department shall submit to the legislative council an annual report of the: (1) violations assessed; and (2) fines waived; under section 7 of this chapter in the previous calendar year. (b) A report described in this section must be…

Ind. Code § 27-1-4.5-9 Notice or bulletin of the reporting requirements

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Sec. 9. (a) The department shall issue a notice or bulletin on at least two (2) occasions to notify insurers, third party administrators, and pharmacy benefit managers of the reporting requirements set forth in this chapter. (b) A notice or bulletin issued under this section must…