Sec. 14. (a) A travel insurer shall pay premium tax, as provided in IC 27-1-18-2, on travel insurance premiums paid by:

(1) an individual primary policyholder who is a resident of this state;

Terms Used In Indiana Code 27-7-17-14

  • blanket travel insurance: means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group. See Indiana Code 27-7-17-4
  • eligible group: means two (2) or more persons who are engaged in a common enterprise, or have an economic, educational, or social affinity or relationship, including the following:

    Indiana Code 27-7-17-7

  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • group travel insurance: means travel insurance issued to any eligible group. See Indiana Code 27-7-17-9
  • primary certificate holder: means a person who elects and purchases travel insurance under a group policy. See Indiana Code 27-7-17-10
  • primary policyholder: means an individual who elects and purchases individual travel insurance. See Indiana Code 27-7-17-11
(2) a primary certificate holder who is a resident of this state and elects coverage under a group travel insurance policy; and

(3) a blanket travel insurance policyholder that is a resident of this state or has its principal place of business or the principal place of business of an affiliate or subsidiary that has purchased blanket travel insurance for an eligible group in this state, subject to any apportionment rules which apply to the insurer across multiple taxing jurisdictions or that permit the insurer to allocate premium on an apportioned basis in a reasonable and equitable manner in those jurisdictions.

     (b) A travel insurer shall:

(1) document the state of residence or principal place of business of a policyholder or certificate holder, as provided in subsection (a); and

(2) report as premium only the amount allocable to travel insurance and not any amounts received for travel assistance services or cancellation fee waivers.

As added by P.L.19-2022, SEC.5.