Sec. 4. (a) An insurer may require an applicant for coverage under a short term insurance plan to specify, before issuance of the short term insurance plan, the number of renewals the applicant elects.

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Terms Used In Indiana Code 27-8-5.9-4

  • covered individual: means an individual entitled to coverage under a short term insurance plan. See Indiana Code 27-8-5.9-1
  • short term insurance plan: means a policy of accident and sickness insurance (as defined in IC 27-8-5-1) that:

    Indiana Code 27-8-5.9-3

     (b) After issuance of a short term insurance plan, the insurer may not require underwriting of the short term insurance plan until:

(1) all renewal periods elected under subsection (a) have ended; and

(2) the covered individual renews the short term insurance plan beyond the periods described in subdivision (1).

As added by P.L.288-2019, SEC.7.