Indiana Code 27-1-37.2-1. “Health benefit plan” defined
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Sec. 1. As used in this chapter, “health benefit plan” means coverage for health care services provided under:
(2) a contract with a health maintenance organization under IC 27-13; or
(1) a policy of accident and sickness insurance (as defined in IC 27-8-5-1);
Terms Used In Indiana Code 27-1-37.2-1
- Contract: A legal written agreement that becomes binding when signed.
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- 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
(3) any other benefit program that provides payment, reimbursement, or indemnification for the costs of health care except:
(A) worker’s compensation or similar insurance; or
(B) benefits provided under a certificate of exemption issued by the worker’s compensation board under IC 22-3-2-5.
As added by P.L.258-2001, SEC.1.