Sec. 9. (a) If:

(1) an insurer (as defined in IC 27-1-2-3(x));

Terms Used In Indiana Code 27-7-17.5-9

  • person: means an individual, a corporation, a limited liability company, a partnership, or any other legal entity. See Indiana Code 27-7-17.5-5
  • provider: means :

    Indiana Code 27-7-17.5-6

(2) a health maintenance organization (as defined in IC 27-13-1-19);

(3) a preferred provider plan (as defined in IC 27-8-11-1(g)); or

(4) any other person;

violates this chapter, the insurance commissioner may enter an order requiring the person to cease and desist from violating this chapter.

     (b) If a person violates a cease and desist order issued under subsection (a), the insurance commissioner, after notice and hearing under IC 4-21.5, may:

(1) impose a civil penalty upon the person of not more than ten thousand dollars ($10,000) for each day of violation;

(2) suspend or revoke the person’s certificate of authority, if the person holds a certificate of authority under this title; or

(3) both impose a civil penalty upon the person under subdivision (1) and suspend or revoke the person’s certificate of authority under subdivision (2).

As added by P.L.42-2022, SEC.1.

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