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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

12 sections·Filtered byTitle 27✕Ch 49✕

Ind. Code § 27-1-49-0.5 Application of chapter
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Sec. 0.5. This chapter applies to a policy of health insurance coverage that is issued, delivered, amended, or renewed after December 31, 2024. As added by P.L.166-2023, SEC.2.
Ind. Code § 27-1-49-1 "Covered individual"
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Sec. 1. As used in this chapter, "covered individual" means an individual who is entitled to health insurance coverage. As added by P.L.166-2023, SEC.2.
Ind. Code § 27-1-49-10 Civil penalty
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Sec. 10. The commissioner may take appropriate action to enforce this chapter by imposing a civil penalty not to exceed ten thousand dollars ($10,000) per violation. As added by P.L.166-2023, SEC.2.
Ind. Code § 27-1-49-11 Disclosure of information; trade secret; confidentiality requirements
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Sec. 11. (a) In complying with the requirements of this chapter, an insurer or an insurer's agent may not publish or otherwise reveal information regarding the actual amount of rebates the insurer receives on a product, manufacturer, or pharmacy specific basis. This information i…

Ind. Code § 27-1-49-2 "Defined cost sharing"

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Sec. 2. As used in this chapter, "defined cost sharing" means a deductible payment or coinsurance amount imposed on a covered individual for a covered prescription drug under the covered individual's health insurance coverage. As added by P.L.166-2023, SEC.2.

Ind. Code § 27-1-49-3 "Health insurance coverage"

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Sec. 3. (a) As used in this chapter, "health insurance coverage" includes: (1) an individual policy of accident and sickness insurance (as defined in IC 27-8-5-1); (2) an individual contract (as defined in IC 27-13-1-21) that provides coverage for basic health care services (as d…

Ind. Code § 27-1-49-4 "Insurer"

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Sec. 4. As used in this chapter, "insurer" means an insurer that provides health insurance coverage to a covered individual. As added by P.L.166-2023, SEC.2.

Ind. Code § 27-1-49-5 "Price protection rebate"

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Sec. 5. As used in this chapter, "price protection rebate" means a negotiated price concession that accrues directly or indirectly to an insurer, or another party on behalf of an insurer, if there is an increase in the wholesale acquisition cost of a prescription drug above a spe…

Ind. Code § 27-1-49-6 "Rebate"

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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 …

Ind. Code § 27-1-49-7 Defined cost sharing for prescription drugs

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Sec. 7. A covered individual's defined cost sharing for a prescription drug must be: (1) calculated at the point of sale; and (2) based on a price that is reduced by an amount equal to at least eighty-five percent (85%) of all rebates in connection with the dispensing or administ…

Ind. Code § 27-1-49-8 Decrease of defined cost sharing

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Sec. 8. Nothing in this chapter prohibits an insurer from decreasing a covered individual's defined cost sharing by an amount greater than the amount required under section 7 of this chapter. As added by P.L.166-2023, SEC.2.

Ind. Code § 27-1-49-9 Enforcement of chapter; violations

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Sec. 9. (a) The department may enforce the requirements of this chapter to the extent permissible under applicable law. (b) A violation of this chapter is an unfair or deceptive act or practice in the business of insurance under IC 27-4-1-4. (c) The department may adopt rules und…