Indiana Code 27-8-5.9-4. Renewal requirements
Current as of: 2023 | Check for updates
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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.
(1) all renewal periods elected under subsection (a) have ended; and
(b) After issuance of a short term insurance plan, the insurer may not require underwriting of the short term insurance plan until:
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
(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.