Indiana Code 27-1-36-1. Exemption from applicability of chapter
(1) A domestic property and casualty insurer that:
Terms Used In Indiana Code 27-1-36-1
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- health maintenance organization: has the meaning set forth in IC 27-13-1-19. See Indiana Code 27-1-36-9.4
- insurer: includes :
Indiana Code 27-1-36-9.6
- limited service health maintenance organization: has the meaning set forth in IC 27-13-34-4. See Indiana Code 27-1-36-9.8
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(B) receives annual premiums from direct business written of not more than two million dollars ($2,000,000); and
(C) assumes no reinsurance in excess of five percent (5%) of direct business written.
(2) A health maintenance organization that:
(A) operates only in Indiana; and
(B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000).
(3) A limited service health maintenance organization that:
(A) operates only in Indiana;
(B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000); and
(C) covers not more than two thousand (2,000) enrollees.
As added by P.L.186-1996, SEC.1. Amended by P.L.51-2002, SEC.1.