Title 27, INSURANCE

Sec. 14. "Service area" means a geographic area within a radius of sixty (60) miles from the home or place of business of a cardholder. As added by P.L.73-2006, SEC.3.

Sec. 2. "Cardholder" means a person that pays consideration for the right to participate in a discount medical card program. As added by P.L.73-2006, SEC.3.

Sec. 3. "Commissioner" refers to the insurance commissioner appointed under IC 27-1-1-2. As added by P.L.73-2006, SEC.3.

Sec. 4. "Department" refers to the department of insurance created by IC 27-1-1-1. As added by P.L.73-2006, SEC.3.

Sec. 5. "Discount medical card program" means a program through which a discount medical card program organization provides, in exchange for consideration, a cardholder with access to medical services provided by a program provider under a provider agreement. The term does not in…

Sec. 6. (a) "Discount medical card program organization" means a person that: (1) negotiates and enters into provider agreements; (2) in exchange for consideration, provides cardholders with a right of access to the discounted prices available under the provider agreements entere…

Sec. 7. "Marketer" means a person that markets, promotes, sells, or distributes a discount medical card program. The term includes a person that markets or distributes a discount medical card program under the person's own name, but does not operate a discount medical card progra…

Sec. 8. (a) "Medical service" means care, service, or treatment related to: (1) an illness or a dysfunction of; or (2) injury to; the human body. (b) The term includes physician care, inpatient care, hospital services, surgical services, emergency services, ambulance services, de…

Sec. 9. "Person" means an individual or a business entity. As added by P.L.73-2006, SEC.3.

Sec. 1. Except as otherwise provided in this title, a reference to a federal law in this article is a reference to the federal law as in effect on January 1, 2012. As added by P.L.278-2013, SEC.27.

Sec. 2. This article applies to a state agency with respect to the state agency's interactions with a health benefit exchange operated in Indiana. As added by P.L.278-2013, SEC.27.

Sec. 3. This article expires immediately upon the occurrence of any of the following events: (1) The complete repeal of PPACA. (2) The repeal of the PPACA requirement that one (1) or more health benefit exchanges be established in each state. (3) Any other congressional action, o…

Sec. 4. The commissioner may do the following to implement this article: (1) Adopt rules under IC 4-22-2. (2) Enter into a contract, agreement, or memorandum of understanding with the following: (A) A health benefit exchange. (B) An entity that contracts with, or is a subcontract…

Sec. 5. For the purposes of this article, an individual who continues to pay premiums for a policy or contract offered by a qualified health plan issuer in a benefit year that follows the benefit year in which the individual purchased the original policy or contract is considered…

Sec. 1. The definitions in this chapter apply throughout this article. As added by P.L.129-2003, SEC.8.

Sec. 10. "Person" means an individual or a business entity. As added by P.L.129-2003, SEC.8.

Sec. 11. "Policyholder" means a person who is insured by a farm mutual insurance company. As added by P.L.129-2003, SEC.8.

Sec. 12. "Policyholder surplus" means the accumulated assets of a farm mutual insurance company that exceed the farm mutual insurance company's accrued losses and expenses. As added by P.L.129-2003, SEC.8.

Sec. 13. "Premium" means money given in consideration to a farm mutual insurance company on account of or in connection with an insurance policy for a specified policy period. As added by P.L.129-2003, SEC.8.

Sec. 14. "Premium plus assessment" refers to an insurance policy under which the policyholder is: (1) obligated to pay a premium; and (2) subject to potential assessment. As added by P.L.129-2003, SEC.8.

Sec. 15. "Principal office" means the primary office maintained by a farm mutual insurance company in Indiana. As added by P.L.129-2003, SEC.8.

Sec. 16. "Standard company" means a farm mutual insurance company that may provide insurance coverage under IC 27-5.1-3. The term does not include an extended company. As added by P.L.129-2003, SEC.8.

Sec. 2. "Assessment" means an amount or a policyholder's share of an amount that a farm mutual insurance company determines is necessary for any of the following: (1) To pay the farm mutual insurance company's accrued liabilities. (2) To meet or defray the farm mutual insurance c…

Sec. 3. "Certificate of authority" has the meaning set forth in IC 27-1-2-3(v). As added by P.L.129-2003, SEC.8.

Sec. 4. "Commissioner" means the insurance commissioner appointed under IC 27-1-1-2. As added by P.L.129-2003, SEC.8.

Sec. 5. "Department" means the department of insurance created by IC 27-1-1-1. As added by P.L.129-2003, SEC.8.

Sec. 6. "Extended company" means a farm mutual insurance company that is authorized to provide coverage as described in IC 27-5.1-4. As added by P.L.129-2003, SEC.8.

Sec. 7. "Farm mutual insurance company" means a company (as defined in IC 27-1-2-3) that is authorized to provide insurance coverage under this article. As added by P.L.129-2003, SEC.8.

Sec. 8. "First class city" refers to a first class city as classified under IC 36-4-1-1. As added by P.L.129-2003, SEC.8.

Sec. 9. "Initial charge" means a charge that is collected by a farm mutual insurance company before or at the time of the issuance or renewal of an insurance policy under this article. As added by P.L.129-2003, SEC.8.

Sec. 1. This article may be referred to as the Indiana mutual insurance holding company law. As added by P.L.226-2023, SEC.30.

Sec. 10. "Commissioner" refers to the insurance commissioner appointed under IC 27-1-1-2. As added by P.L.226-2023, SEC.30.

Sec. 11. "Company" means any of the following: (1) A mutual insurance company. (2) A mutual insurance holding company. (3) An intermediate stock holding company. (4) A reorganized insurer. As added by P.L.226-2023, SEC.30.

Sec. 12. "Effective date" means, with respect to a plan, the date on which the plan becomes effective under this article. As added by P.L.226-2023, SEC.30.

Sec. 13. "Eligible member" means, with respect to a plan, a person who is a member of a mutual insurance company or mutual insurance holding company, as applicable, on the adoption date of a plan and: (1) solely for purposes of receipt of notice of and voting at a meeting of memb…

Sec. 14. "Employee benefit plan" means an employee benefit plan established by a mutual insurance holding company or by one (1) or more of the subsidiaries of a mutual insurance holding company for the sole benefit of its: (1) employees; or (2) sales agents. As added by P.L.226-2…

Sec. 15. "Entity" has the meaning set forth in IC 23-0.5-1.5-8. As added by P.L.226-2023, SEC.30.

Sec. 16. "Immediate family" means any child, stepchild, grandchild, parent, stepparent, grandparent, sibling, mother-in-law, father-in-law, daughter-in-law, son-in-law, brother-in-law, or sister-in-law. The term includes adoptive relationships. As added by P.L.226-2023, SEC.30.

Sec. 17. "Intermediate stock holding company" means an entity, other than a reorganized insurer and its subsidiaries, that: (1) is owned entirely or in part, directly or indirectly, by a mutual insurance holding company; and (2) directly or indirectly owns all or part of the capi…

Sec. 18. "Member" means a person that, according to the: (1) records; and (2) articles of incorporation and bylaws; of a mutual insurance company or mutual insurance holding company, as applicable, is a member or policyholder of the mutual insurance company or mutual insurance ho…

Sec. 19. "Member's interest" means: (1) the voting rights of a member provided by the mutual insurance company's or the mutual insurance holding company's articles of incorporation or bylaws; and (2) the right to receive cash, stock, or other consideration in the event of a liqui…

Sec. 2. (a) This article replaces IC 27-14, as repealed by HEA 1329-2023. (b) The repeal of IC 27-14 does not affect the validity of any mutual insurance company reorganization that was approved under IC 27-14. Any existing mutual insurance holding company and any related interme…

Sec. 20. "Mutual insurance company" means a mutual insurer that is: (1) submitting; or (2) subject to; a plan of reorganization or plan to issue stock under this article. As added by P.L.226-2023, SEC.30.

Sec. 21. "Mutual insurance holding company" means a mutual insurance holding company established under IC 27-14.5-2. As added by P.L.226-2023, SEC.30.

Sec. 22. "Participating policy" means a policy providing for the distribution of policy dividends. As added by P.L.226-2023, SEC.30.