Indiana Code 27-1-12-45. Execution of POST form does not affect life insurance; prohibition on consideration of POST form in determining life insurance premiums
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Sec. 45. (a) The execution of a POST form under IC 16-36-6 does not affect the sale, issuance, or terms of a policy of life insurance.
(c) A POST form may not be considered in the establishment of insurance premiums for an individual.
(b) A policy of life insurance is not legally impaired or invalidated by the execution of a POST form, including the withholding or withdrawal of life prolonging procedures from an insured under the medical orders included in the POST form.
Terms Used In Indiana Code 27-1-12-45
- Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
- person: includes individuals, corporations, associations, and partnerships; personal pronoun includes all genders; the singular includes the plural and the plural includes the singular. See Indiana Code 27-1-2-3
(d) A person may not require an individual to complete a POST form as a condition for being insured for health care services.
As added by P.L.164-2013, SEC.9.