Indiana Code 27-8-15-3. “Actuarial certification”
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Terms Used In Indiana Code 27-8-15-3
- insurer: means any person who provides health insurance in Indiana. See Indiana Code 27-8-15-10
- small employer: means any person, firm, corporation, limited liability company, partnership, or association actively engaged in business who, on at least fifty percent (50%) of the working days of the employer during the preceding calendar year, employed at least two (2) but not more than fifty (50) eligible employees, the majority of whom work in Indiana. See Indiana Code 27-8-15-14
Sec. 3. As used in this chapter, “actuarial certification” means a written statement by a member of the American Academy of Actuaries that a small employer insurer is in compliance with section 16 of this chapter, based upon the person’s examination, including a review of the appropriate records and of the actuarial assumptions and methods utilized by the insurer in establishing premium rates for applicable health insurance plans.
As added by P.L.127-1992, SEC.1.