Title 27, INSURANCE

Sec. 2. If a policy of insurance described in section 1 of this chapter does not provide coverage for flood damage: (1) the policy jacket must contain a prominently printed notice stating; or (2) the policyholder must be given written notice when the policy is issued, or upon the…

Sec. 0.1. The addition of section 10.1 of this chapter by P.L.195-1991 applies only to policies issued after December 31, 1991. As added by P.L.220-2011, SEC.442.

Sec. 1. As used in this chapter, "medicare" means Title XVIII of the federal Social Security Act (42 U.S.C. 1395 et seq.). As added by P.L.275-1987, SEC.2.

Sec. 10. (a) The commissioner shall adopt rules under IC 4-22-2 to establish minimum standards for: (1) claims payment; (2) marketing practices; (3) compensation arrangements; and (4) reporting practices; for Medicare supplement policies and certificates. (b) The commissioner may…

Sec. 10.1. (a) The commissioner shall adopt rules under IC 4-22-2 to establish standards for model Medicare supplement policies. The standards must include standards for benefits. (b) An insurer may issue a Medicare supplement policy or certificate in Indiana only if the policy o…

Sec. 12. (a) Medicare supplement policies must return to policyholders benefits that are reasonable in relation to the premium charged. (b) The commissioner shall adopt rules under IC 4-22-2 to establish minimum standards for loss ratios of Medicare supplement policies on the bas…

Sec. 14. (a) In order to provide for full and fair disclosure in the sale of Medicare supplement policies, a Medicare supplement policy or certificate may not be delivered in Indiana unless an outline of coverage is delivered to the applicant at the time application is made. (b) …

Sec. 15. (a) The commissioner may prescribe by rule adopted under IC 4-22-2 a standard form and the contents of an informational brochure for persons eligible for Medicare that is intended to improve the buyer's ability to select the most appropriate coverage and improve the buye…

Sec. 16. (a) The commissioner may adopt rules under IC 4-22-2 for captions or notice requirements that are determined to be in the public interest and designed to inform prospective insureds that particular insurance coverages are not Medicare supplement coverages. The captions o…

Sec. 17. (a) Medicare supplement policies and certificates must have a notice prominently printed on the first page of the policy or certificate or attached to the first page stating in substance that the applicant has the right to return the policy or certificate within thirty (…

Sec. 18. Every issuer of Medicare supplement insurance policies or certificates in Indiana shall provide a copy of any Medicare supplement advertisement intended for use in Indiana whether through written, radio, or television medium to the commissioner for review or approval by …

Sec. 19. In addition to any other penalties for violations of IC 27, the commissioner may take either or both of the following actions: (1) Require issuers violating this chapter or rules adopted under this chapter to cease marketing a Medicare supplement policy or certificate in…

Sec. 2. As used in this chapter, "Medicare supplement insurance solicitation" means a meeting between an insurance producer and another individual at which the insurance producer discusses the possible issuance of a medicare supplement policy to the other individual. As added by …

Sec. 20. (a) All Medicare supplement policies issued for delivery in Indiana after June 30, 1990, must provide for the refund of unused premiums upon the death of the insured during the contract period. (b) The amount of premium refund shall be prorated from the date following th…

Sec. 3. (a) As used in this chapter, "Medicare supplement policy" means a group or individual policy of accident and sickness insurance or a subscriber contract of health maintenance organizations that is advertised, marketed, or designed primarily as a supplement to reimbursemen…

Sec. 4. (a) Following a Medicare supplement insurance solicitation, an insurance producer shall give the individual involved in the solicitation a receipt for materials received by the insurance producer as a result of the solicitation. (b) The receipt required under subsection (…

Sec. 5. As used in this chapter, "applicant" means: (1) in the case of an individual Medicare supplement policy, the person who seeks to contract for insurance benefits; and (2) in the case of a group Medicare supplement policy, the proposed certificate holder. As added by P.L.25…

Sec. 6. As used in this chapter, "certificate" means a certificate: (1) issued under a group Medicare supplement policy; and (2) delivered or issued for delivery in Indiana. As added by P.L.255-1989, SEC.3.

Sec. 6.2. As used in this chapter, "certificate form" means the form on which a certificate is delivered or issued for delivery by the issuer. As added by P.L.126-1992, SEC.3.

Sec. 7.3. As used in this chapter, "issuer" includes: (1) an insurance company; (2) a fraternal benefit society; (3) a health care service plan; (4) a health maintenance organization; and (5) any other entity; that delivers a Medicare supplement policy or certificate in Indiana o…

Sec. 7.6. As used in this chapter, "policy form" means the form on which a policy is delivered or issued for delivery by the issuer. As added by P.L.126-1992, SEC.5.

Sec. 8. (a) Except as otherwise specifically provided, this chapter applies to the following: (1) All Medicare supplement policies delivered or issued for delivery in Indiana on or after June 1, 1989. (2) All certificates issued under group Medicare supplement policies that have …

Sec. 9. (a) A Medicare supplement policy, contract, or certificate in force in Indiana may not contain benefits that duplicate benefits provided by Medicare. However, a change in Medicare coverage that becomes effective after a Medicare supplement policy, contract, or certificate…

Sec. 9.1. After December 31, 2024, an issuer that makes a Medicare supplement policy or certificate available to a person who is at least sixty-five (65) years of age and is eligible for Medicare benefits as described in 42 U.S.C. 1395c(1) shall make the equivalent Medicare suppl…

Sec. 9.2. (a) This section applies to an individual: (1) who is less than sixty-five (65) years of age; (2) who is eligible for and enrolled in Medicare: (A) by reason of a disability as described in 42 U.S.C. 426(b) and defined in 42 U.S.C. 423(d); or (B) by reason of being medi…

Sec. 9.3. (a) Except as provided in subsection (b), this section applies to a Medicare supplement policy or certificate delivered, issued, or renewed on or after January 1, 2026. (b) The amendments made to this section in the 2026 session of the general assembly apply to a Medica…

Sec. 1. Except as provided in this chapter, a health maintenance organization shall deposit with the commissioner or, at the discretion of the commissioner, with any bank or bank and trust company or other trustee acceptable to the commissioner through which a custodial or contro…

Sec. 2. A health maintenance organization that is in operation on July 1, 1994, shall make: (1) a deposit with the commissioner equal to two hundred fifty thousand dollars ($250,000) on July 1, 1994; and (2) an additional deposit with the commissioner equal to two hundred fifty t…

Sec. 3. Deposits made under this chapter shall be considered an admitted asset of the health maintenance organization in the determination of the net worth of the organization. As added by P.L.26-1994, SEC.25.

Sec. 4. (a) All income from deposits made under this chapter is an asset of the organization that made the deposits. (b) A health maintenance organization that has made a deposit under this chapter may replace the deposit or any part of the deposit with an equal amount and value …

Sec. 5. (a) A deposit made by a health maintenance organization under this chapter must be used to protect the interest of the enrollees of the health maintenance organization. (b) The commissioner may use the deposit for administrative costs that are attributable to a receiversh…

Sec. 6. The commissioner may reduce or eliminate the requirement of a deposit under this chapter for a health maintenance organization that is a foreign corporation as defined in IC 27-1-2-3 if: (1) the organization makes a deposit that meets the requirements of section 1 of this…

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 c…

Sec. 8. (a) In addition to meeting all other financial requirements imposed by IC 27-13-12 and this chapter, a health maintenance organization that offers a point of service product shall maintain either of the following: (1) A reinsurance agreement, which must be satisfactory to…

Sec. 1. (a) Except as specifically provided in a plan of conversion, for five (5) years following the effective date of the conversion no person or persons acting in concert (other than the former mutual, any parent company, or any employee benefit plans or trusts sponsored by th…

Sec. 2. (a) The commissioner may not approve an acquisition under section 1(a) of this chapter unless the commissioner finds that: (1) the requirements of IC 27-1-23-2(e) will be satisfied; (2) the acquisition will not frustrate the plan of conversion or the amendment to the arti…

Sec. 3. A security that is: (1) the subject of any agreement or arrangement regarding acquisition; or (2) held, acquired, or is to be acquired; in contravention of this chapter or of an order of the commissioner, may not be voted at any shareholders' meeting. Any action of shareh…

Sec. 4. The requirements of this chapter are in addition to any other filings or approvals required by IC 27-1-23 or otherwise by law. As added by P.L.94-1999, SEC.3.

Sec. 1. The department may adopt rules under IC 4-22-2 to implement this article. As added by P.L.73-2006, SEC.3.

Sec. 1. As used in this chapter: "Authorized agency" means the state police, the prosecuting attorney responsible for prosecutions in the county where the theft occurred, or any law enforcement agency. "Insurer" means an insurance company. "Relevant" means information having any …

Sec. 2. If an insurer has reason to believe that a vehicle theft claim made by an insured is fraudulent, the insurer shall: (1) notify, in writing, an authorized agency of the suspected fraudulent claim; and (2) provide the agency with all material developed from the insurer's in…

Sec. 3. An authorized agency charged with the responsibility of investigating a vehicle theft may, in writing, require an insurer investigating that loss to release to the requesting agency any or all relevant information or evidence considered important to the authorized agency …

Sec. 4. (a) An authorized agency provided with information under this chapter may release or provide that information to any other authorized agency to further its investigation. (b) An insurer providing information to an authorized agency under section 2 or section 3 of this cha…

Sec. 1. As used in this chapter, "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…

Sec. 2. As used in this chapter, "casualty insurance company" has the meaning set forth in IC 27-1-2-3(t). As added by P.L.146-2015, SEC.31.

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, SE…