Indiana Code 27-1-43.2-15. Commissioner authority; violations
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Sec. 15. The commissioner may do the following:
(2) Take action that is necessary or appropriate to enforce this chapter.
(1) Conduct an investigation or examination of a provider, an administrator, an insurer, or another person to enforce this chapter.
Terms Used In Indiana Code 27-1-43.2-15
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- Contract: A legal written agreement that becomes binding when signed.
- insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. 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
- provider: means a person who is contractually obligated to a holder under a service contract. See Indiana Code 27-1-43.2-5
(3) If a provider violates this chapter, issue an order to do the following:
(A) Require a provider to cease and desist.
(B) Prohibit a provider from offering, issuing, or selling a service contract in Indiana.
(C) Impose a civil penalty not to exceed ten thousand dollars ($10,000) per violation.
As added by P.L.129-2014, SEC.10.