Indiana Code > Title 27 > Article 1 > Chapter 2.1 – Health Care Sharing Ministries
Current as of: 2023 | Check for updates
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Other versions
§ 27-1-2.1-1 | “Health care sharing ministry” |
§ 27-1-2.1-2 | Health care sharing ministry not engaged in the business of insurance |
Terms Used In Indiana Code > Title 27 > Article 1 > Chapter 2.1 - Health Care Sharing Ministries
- health care sharing ministry: means a nonprofit organization that:
Indiana Code 27-1-2.1-1
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3