Indiana Code 27-2-23-10. “Record keeping services”
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Sec. 10. As used in this chapter, “record keeping services” means an insurer’s responsibility, under an agreement with a group policy owner, to obtain, maintain, and administer in the insurer’s system information concerning each individual insured under a group policy (or a line of coverage under a group policy), including at least the following:
(2) The individual’s beneficiary designation information.
(1) The individual’s Social Security number and date of birth or name and date of birth.
Terms Used In Indiana Code 27-2-23-10
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- policy: means a policy or certificate issued in Indiana after June 30, 2015, that provides the kind of insurance described in Class 1 of IC 27-1-5-1. See Indiana Code 27-2-23-9
(3) The individual’s eligibility for coverage.
(4) The individual’s benefit amount.
(5) The individual’s premium payment status.
As added by P.L.90-2014, SEC.1.