Chapter 1 Purpose and Application
Chapter 2.1 Definitions
Chapter 3 Indiana Horse Racing Commission
Chapter 4 Local Approval of Pari-Mutuel Wagering
Chapter 5 Permits to Conduct Recognized Meetings
Chapter 5.5 Satellite Facilities
Chapter 6 Licensing of Racetrack Personnel and Racing Participants
Chapter 7 Pari-Mutuel Wagering
Chapter 7.5 Advance Deposit Wagering
Chapter 8 Miscellaneous Operating Procedures
Chapter 9 Taxation and Distribution of Pari-Mutuel Revenues
Chapter 10 Indiana Horse Racing Commission Operating Fund
Chapter 11 Breed Development Advisory Committees and Breed Development Funds
Chapter 12 Medication of Race Horses
Chapter 13 Offenses and Enforcement

Terms Used In Indiana Code > Title 4 > Article 31 - Pari-Mutuel Wagering On Horse Races

  • Accepting insurer: means the insurer that is a party to a reinsurance transaction and that reinsures insurance, annuity, and endowment risks or liabilities of another insurer. See Indiana Code 27-6-1.1-1
  • Accident and sickness insurance: means any policy or contract of insurance described in classes 1(b), 2(a), 2(b), or 2(l), as defined in IC § 27-1-5-1. See Indiana Code 27-8-5.5-1
  • accident and sickness insurance: means any policy or contract covering one (1) or more of the kinds of insurance described in classes 1(b) or 2(a) of IC § 27-1-5-1, as governed by IC § 27-8-5. See Indiana Code 27-8-5.6-1
  • accident and sickness insurance: means insurance described in Class 1(b), Class 1(c)(2), or Class 2(a) of IC § 27-1-5-1. See Indiana Code 27-1-12.8-1
  • accident and sickness insurance policy: has the meaning set forth in IC § 27-8-5-1. See Indiana Code 27-8-5.7-1
  • accident and sickness insurance policy: means an insurance policy that provides at least one (1) of the types of insurance described in IC § 27-1-5-1, Classes 1(b) and 2(a), and is issued on a group basis. See Indiana Code 27-8-5.8-1
  • accident and sickness insurance policy: means an insurance policy that:

    Indiana Code 27-8-13.4-1

  • accident and sickness insurance policy: means an insurance policy that:

    Indiana Code 27-8-14-1

  • accident and sickness insurance policy: means an insurance policy that:

    Indiana Code 27-8-14.1-1

  • accident and sickness insurance policy: means an insurance policy that provides one (1) or more of the types of insurance described in IC § 27-1-5-1, classes 1(b) and 2(a). See Indiana Code 27-8-14.2-1
  • accident and sickness insurance policy: means an insurance policy that:

    Indiana Code 27-8-14.7-1

  • accident and sickness insurance policy: means an insurance policy that:

    Indiana Code 27-8-14.8-1

  • accident and sickness insurance policy: means an insurance policy that provides at least one (1) of the types of insurance described in IC § 27-1-5-1, Classes 1(b), 2(a), 2(b), 2(e), 2(f), and 2(h). See Indiana Code 27-8-22.1-1
  • accident and sickness insurance policy: means an insurance policy that provides at least one (1) of the types of insurance described in IC § 27-1-5-1, Classes 1(b) and 2(a), and is issued on a group basis. See Indiana Code 27-8-24.1-1
  • account: means any one (1) of the three (3) accounts created by section 5 of this chapter. See Indiana Code 27-6-8-4
  • account holder: means an Indiana resident who has established an advance deposit wagering account. See Indiana Code 4-31-7.5-2
  • account owner: means an Indiana resident who is the owner of a retained asset account. See Indiana Code 27-2-23-3
  • accredited state: means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established by the NAIC. See Indiana Code 27-1-35-2
  • 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. See Indiana Code 27-8-15-3
  • actuary: means a person who is a member in good standing of the American Academy of Actuaries. See Indiana Code 27-1-33-1
  • actuary: means a person who is a member in good standing of the American Academy of Actuaries. See Indiana Code 27-6-9-1
  • Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
  • adjusted RBC report: means an RBC report that has been adjusted by the commissioner under section 28 of this chapter. See Indiana Code 27-1-36-2
  • Administrator: means a person who directly or indirectly and on behalf of an insurer underwrites, collects charges or premiums from, or adjusts or settles claims on residents of Indiana in connection with life, annuity, or health coverage offered or provided by an insurer. See Indiana Code 27-1-25-1
  • administrator: means the entity that contracts with the department to create, operate, and maintain the data base. See Indiana Code 27-1-44.5-0.2
  • administrator: has the meaning in IC § 27-1-44. See Indiana Code 27-1-44.6-1
  • advance deposit wagering: means a system of pari-mutuel wagering in which wagers of an account holder are debited and payouts are credited to an account established by the account holder, regardless of whether the wagers are made in person, by telephone, or through communication by other electronic means. See Indiana Code 4-31-7.5-3
  • advance deposit wagering account: means an account for advance deposit wagering held by a licensed SPMO. See Indiana Code 4-31-7.5-4
  • adverse action: means :

    Indiana Code 27-2-21-1

  • advisory board: means the all payer claims data base advisory board established under IC § 27-1-44. See Indiana Code 27-1-44.5-0.4
  • advisory board: refers to the all payer claims data base advisory board established under section 5 of this chapter. See Indiana Code 27-1-44.6-2
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • affiliate: means a company that controls, is controlled by, or is under common control with another company. See Indiana Code 27-2-21-2
  • affiliate: means any person who, directly or indirectly through one (1) or more intermediaries, controls, is controlled by, or is under common control with, the person to whom affiliation is attributed. See Indiana Code 27-1-37-0.2
  • affiliate: has the meaning set forth in IC § 27-1-25-1. See Indiana Code 27-1-37.3-2
  • affiliate: means a company that controls, is controlled by, or is under common control with another company. See Indiana Code 27-1-38-1
  • affiliate: means a domestic life insurance company that is a wholly owned subsidiary of the parent of a limited purpose subsidiary. See Indiana Code 27-1-12.1-1
  • affiliated group: means a group of affiliates. See Indiana Code 27-1-15.8-1
  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Agency billed: refers to a system in which an insured pays a premium directly to an insurance agency. See Indiana Code 27-1-2-3
  • aggregator site: means an Internet web site that provides access to information regarding insurance products from more than one (1) insurer, including product and insurer information, for use in comparison shopping. See Indiana Code 27-7-17-3
  • Allegation: something that someone says happened.
  • ambulance service provider: means a person that:

    Indiana Code 27-1-2.3-2

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Amortization: Paying off a loan by regular installments.
  • ancillary protection product: includes the following:

    Indiana Code 27-1-43.2-1

  • annuity: refers to an annuity contract issued in Indiana after June 30, 2015. See Indiana Code 27-2-23-4
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • annuity contract: as used in this chapter means:

    Indiana Code 27-1-12.5-1

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • applicant: means :

    Indiana Code 27-8-13-5

  • applicant: means an individual who has applied with an insurer for coverage under a personal insurance policy. See Indiana Code 27-2-21-3
  • applicant: refers to a person that applies for a viatical settlement provider license under this chapter. See Indiana Code 27-8-19.8-1
  • appointed actuary: means a qualified actuary who is appointed to prepare an actuarial opinion required by sections 21 and 22 of this chapter. See Indiana Code 27-1-12.8-2
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • armed forces: means the following:

    Indiana Code 27-1-22-26

  • armed forces: means the active and reserve components of the following:

    Indiana Code 27-7-14-1

  • arrangement: refers to a multiple employer welfare arrangement. See Indiana Code 27-1-34-1
  • Arson investigator: means an officer of a unit of local government whose duties include the investigation of arson. See Indiana Code 27-2-13-1
  • articles of incorporation: includes both the original articles of incorporation and any and all amendments thereto, except where the original articles of incorporation only are expressly referred to, and includes articles of merger, consolidation and reinsurance, and in case of corporations, heretofore organized, articles of reorganization filed in the office of the secretary of state, and all amendments thereto. See Indiana Code 27-1-2-3
  • asset acquisition: includes every purchase, lease, exchange, merger, consolidation, succession, or other acquisition. See Indiana Code 27-2-18-1
  • asset disposition: includes every sale, lease, exchange, merger, consolidation, mortgage, hypothecation, assignment (whether for the benefit of creditors or otherwise), abandonment, destruction, or other disposition. See Indiana Code 27-2-18-2
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Assigned risk plan: means the plan by which members of the worker's compensation rating bureau provide for the insurance of rejected risks. See Indiana Code 27-7-2-2
  • association: means the Indiana Insurance Guaranty Association created by section 5 of this chapter. See Indiana Code 27-6-8-4
  • Assumption reinsurance: means a transaction in which one (1) insurer assumes all or a portion of the insurance, annuity, and endowment risks or liabilities of another insurer and thereby becomes directly and primarily liable to the insured, beneficiary, or policyholder under the policies and contracts subject to the reinsurance transaction. See Indiana Code 27-6-1.1-1
  • at-home postdelivery care: refers to health care provided to a woman at her residence by a physician licensed under IC § 25-22. See Indiana Code 27-8-24-2
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • audit committee: means a body established by the board of directors of a domestic insurer or group of insurers for the purpose of overseeing:

    Indiana Code 27-1-3.5-0.5

  • Authorized agency: means the state police, the prosecuting attorney responsible for prosecutions in the county where the theft occurred, or any law enforcement agency. See Indiana Code 27-2-14-1
  • authorized agency: means the following:

    Indiana Code 27-2-24-2

  • Authorized agency: means :

    Indiana Code 27-2-13-1

  • authorized control level event: has the meaning set forth in section 39 of this chapter. See Indiana Code 27-1-36-3
  • authorized control level RBC: means , with respect to an insurer, the number determined under the risk-based capital formula in accordance with the RBC Instructions. See Indiana Code 27-1-36-4
  • Autism: means a neurological condition as described in the most recent edition of the Diagnostic and Statistical Manual of Mental Disorders of the American Psychiatric Association. See Indiana Code 1-1-4-5
  • autism spectrum disorder: means a neurological condition, including Asperger's syndrome and autism, as defined in the Diagnostic and Statistical Manual of Mental Disorders. See Indiana Code 27-8-14.2-3
  • automated claims adjudication system: means a preprogrammed computer system that:

    Indiana Code 27-1-28-3

  • Automated Clearing House Network payment: means a payment made under National Automated Clearing House Association standards adopted in 45 C. See Indiana Code 27-4-10-1
  • available insurance proceeds: means the proceeds payable under an insurance policy based upon a claim for damage to or loss of a building or other structure caused by fire or explosion, minus proceeds paid to:

    Indiana Code 27-2-15-1

  • available insurance proceeds: means :

    Indiana Code 27-2-24-3

  • bad-faith filing: as used in this chapter , means a rate filing made by any filer who, in bad faith, files a rate which it knows, or should know, is grossly inadequate for the insurance coverage provided, and which is filed and used for the purpose of unfairly obtaining a particular risk or limited group of risks, and which is available only to such risk or limited group of risks. See Indiana Code 27-1-22-6
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • base premium rate: means the lowest premium rate charged or that could have been charged under a rating system by the small employer insurer to small employers with similar case characteristics and benefit design characteristics. See Indiana Code 27-8-15-4
  • Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • benefit design characteristics: means the following:

    Indiana Code 27-8-15-5

  • Bequest: Property gifted by will.
  • blanket travel insurance: means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group. See Indiana Code 27-7-17-4
  • body part: means a replacement for any of the nonmechanical sheet metal or plastic parts that generally constitute the exterior of a motor vehicle. See Indiana Code 27-4-1.5-1
  • body shop: means a business that repairs damage to the exterior of motor vehicles. See Indiana Code 27-4-1.5-2
  • breast cancer screening mammography: means a standard, two (2) view per breast, low-dose radiographic examination of the breasts that is:

    Indiana Code 27-8-14-2

  • Bureau: means the worker's compensation rating bureau of Indiana. See Indiana Code 27-7-2-2
  • cancellation: refers to a termination of property insurance coverage that occurs during the policy term. See Indiana Code 27-7-12-2
  • cancellation fee waiver: means a contractual agreement between a supplier of travel services and its customer to waive some or all of the nonrefundable cancellation fee provisions of the supplier's underlying travel contract with or without regard to the reason for the cancellation or form of reimbursement. See Indiana Code 27-7-17-5
  • capital: means the aggregate amount paid in on the shares of capital stock of a corporation issued and outstanding. See Indiana Code 27-1-2-3
  • capital stock: means the aggregate amount of the par value of all shares of capital stock. See Indiana Code 27-1-2-3
  • case characteristics: means demographic or other relevant characteristics of a small employer, as determined by a small employer insurer, that are considered by the insurer in the determination of premium rates for the small employer. See Indiana Code 27-8-15-6
  • casualty and liability insurance: means the types of insurance described in IC § 27-1-5-1, Class 2(h) and 2(l). See Indiana Code 27-1-30-2
  • casualty and liability insurance: means the type of insurance described in IC § 27-1-5-1, Class 2(h). See Indiana Code 27-7-16-1
  • casualty insurance company: has the meaning set forth in IC § 27-1-2-3(t). See Indiana Code 27-1-30-3
  • casualty insurance company: means any company making the kind or kinds of insurance set out and defined in class 2 of IC § 27-1-5-1. See Indiana Code 27-1-2-3
  • casualty insurance company: has the meaning set forth in IC § 27-1-2-3(t). See Indiana Code 27-7-14-2
  • casualty insurance company: has the meaning set forth in IC § 27-1-2-3(t). See Indiana Code 27-7-15-1
  • casualty insurance company: has the meaning set forth in IC § 27-1-2-3(t). See Indiana Code 27-7-16-2
  • catastrophe: means an event that is the subject of a declaration by the commissioner and that:

    Indiana Code 27-1-28-4

  • Caucus: From the Algonquian Indian language, a caucus meant "to meet together." An informal organization of members of the legislature that exists to discuss issues of mutual concern and possibly to perform legislative research and policy planning for its members. There are regional, political or ideological, ethnic, and economic-based caucuses.
  • Ceding insurer: means the insurer that is a party to a reinsurance transaction and whose insurance, annuity, and endowment risks or liabilities are reinsured. See Indiana Code 27-6-1.1-1
  • certificate: means a certificate:

    Indiana Code 27-8-13-6

  • certificate of authority: means an instrument in writing issued by the department to an insurer, which sets out the authority of such insurer to engage in the business of insurance or activities connected therewith. See Indiana Code 27-1-2-3
  • certificate of insurance: means a document prepared by an insurer or insurance producer as evidence of property or casualty insurance coverage. See Indiana Code 27-1-42-2
  • CGAD: means a confidential report filed by an insurer or insurance group under this chapter. See Indiana Code 27-1-4.1-2
  • change in fund basis: refers to a valuation basis under which the interest rate used to determine the minimum valuation standard applicable to each change in the fund held under an annuity or a guaranteed interest contract is the calendar year valuation interest rate for the year of the change in the fund. See Indiana Code 27-1-12.8-3
  • charitable entity: means an entity that is exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code (26 U. See Indiana Code 27-8-18-2
  • Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
  • child: refers to a child who is less than eighteen (18) years of age. See Indiana Code 27-8-23-3
  • Church plan: has the meaning set forth in IC § 27-8-10-1. See Indiana Code 27-1-25-1
  • claim information: means the following:

    Indiana Code 27-8-22-2

  • claim review agent: means any entity performing medical claims review on behalf of an insurance company, a health maintenance organization, or another benefit program providing payment, reimbursement, or indemnification for health care costs to an enrollee. See Indiana Code 27-8-16-1
  • claim review consultant: means a person who:

    Indiana Code 27-8-16-1.5

  • classification: means the plan, system, or arrangement for recognizing differences in exposure to hazards among industries, occupations, or operations of insurance policyholders. See Indiana Code 27-7-2-2
  • clean claim: means a claim submitted by a provider for payment under an accident and sickness insurance policy issued in Indiana that has no defect, impropriety, or particular circumstance requiring special treatment preventing payment. See Indiana Code 27-8-5.7-2
  • Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
  • Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
  • commercial policyholder: means a business, nonprofit, or governmental entity that purchases a policy of commercial insurance through an insurance producer licensed under IC § 27-1-15. See Indiana Code 27-1-22-2.5
  • commission: refers to the Indiana political subdivision risk management commission established by this chapter. See Indiana Code 27-1-29-1
  • commission: refers to the Indiana political subdivision risk management commission established by IC § 27-1-29-5. See Indiana Code 27-1-29.1-1
  • Commissioner: means the insurance commissioner of Indiana. See Indiana Code 27-8-5.5-1
  • commissioner: means the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-8-5.8-2
  • commissioner: means the insurance commissioner of Indiana. See Indiana Code 27-2-17-1
  • Commissioner: means the insurance commissioner of this state. See Indiana Code 27-1-23-1
  • commissioner: refers to the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-2-21-4
  • commissioner: refers to the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-2-22-2
  • commissioner: refers to the commissioner of the department of insurance. See Indiana Code 27-8-15-7
  • Commissioner: refers to the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-1-25-1
  • Commissioner: refers to the insurance commissioner. See Indiana Code 27-1-26-1
  • commissioner: refers to the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-2-27-3
  • Commissioner: means the insurance commissioner of this state. See Indiana Code 27-3-3-1
  • commissioner: refers to the commissioner of the department of insurance. See Indiana Code 27-8-20-1
  • commissioner: refers to the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-1-33-2
  • Commissioner: shall mean the insurance commissioner of this state appointed pursuant to, and on and in whom the powers, duties, management, and control of the department are conferred and vested by, the provisions of IC § 27-1. See Indiana Code 27-4-1-2
  • Commissioner: shall mean the commissioner of insurance of this state. See Indiana Code 27-4-6-2
  • commissioner: means the commissioner of insurance of this state. See Indiana Code 27-6-8-4
  • commissioner: refers to the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-6-9-2
  • Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
  • Commissioner: means the insurance commissioner of this state. See Indiana Code 27-7-2-2
  • commissioner: refers to the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-1-3.1-1
  • commissioner: refers to the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-1-3.5-1
  • commissioner: means the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-1-39-1
  • commissioner: refers to the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-1-42-3
  • Commissioner: refers to the commissioner of insurance. See Indiana Code 27-7-8-1
  • commissioner: refers to the insurance commissioner. See Indiana Code 27-7-9-1
  • commissioner: means :

    Indiana Code 27-7-10-1

  • commissioner: means the insurance commissioner appointed under IC § 27-1-1-2. See Indiana Code 27-7-17-6
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • communication by other electronic means: means communication by any electronic communication device, including any of the following:

    Indiana Code 4-31-7.5-5

  • Company: means an insurance company and includes all persons, partnerships, corporations, or associations engaged in making worker's compensation insurance under the laws of this state. See Indiana Code 27-7-2-2
  • company: means any person engaging in or proposing or attempting to engage in any transaction or kind of insurance or surety business and any person or group of persons who may otherwise be subject to the administrative, regulatory, or taxing authority of the commissioner. See Indiana Code 27-1-3.1-2
  • company action level event: has the meaning set forth in section 29 of this chapter. See Indiana Code 27-1-36-5
  • company action level RBC: means , with respect to an insurer, the product of two (2) multiplied by the insurer's authorized control level RBC. See Indiana Code 27-1-36-6
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • completed operations liability: means liability arising out of the installation, maintenance, or repair of any product at a site that is not owned or controlled by:

    Indiana Code 27-7-10-2

  • consortium: refers to a self-insurance consortium established under section 7 of this chapter. See Indiana Code 27-1-39-2
  • consumer: means an:

    Indiana Code 27-2-21-5

  • consumer: means a resident of Indiana whose nonpublic information is in a licensee's possession, custody, or control. See Indiana Code 27-2-27-4
  • consumer: means an individual who receives a recommendation to purchase or exchange an annuity that results in the recommended purchase or exchange. See Indiana Code 27-4-9-2
  • consumer reporting agency: means a person that, for a monetary fee or dues or on a cooperative nonprofit basis, regularly engages in the practice of assembling or evaluating consumer credit information or other information concerning consumers for the purpose of furnishing consumer reports to third parties. See Indiana Code 27-2-21-6
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • contract: means a contract or a policy. See Indiana Code 27-1-12.8-6
  • contractholder behavior: means an action taken by a contract holder, certificate holder, or another person possessing the right to elect options, including:

    Indiana Code 27-1-12.8-7

  • contractor: refers to a person with a primary business purpose of entering into health care contracts with providers. See Indiana Code 27-1-37.3-3
  • Control: means the direct or indirect possession of the power to direct or cause the direction of the management and policies of a person, whether:

    Indiana Code 27-1-25-1

  • control: means :

    Indiana Code 27-1-15.8-1

  • controlled: has the meaning set forth in IC § 27-1-23-1. See Indiana Code 27-1-35-4
  • controlled insurer: means a licensed insurer that is controlled, directly or indirectly, by a producer. See Indiana Code 27-1-35-5
  • controlling person: means any person, firm, association, limited liability company, or corporation who directly or indirectly has the power to direct or cause to be directed, the management, control, or activities of a reinsurance intermediary. See Indiana Code 27-6-9-3
  • controlling producer: means a producer that, directly or indirectly, controls an insurer. See Indiana Code 27-1-35-6
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • corporation: means an insurance company and includes all persons, partnerships, corporations, associations, orders or societies engaged in or proposing to engage in making any kind of insurance authorized by the laws of this state. See Indiana Code 27-1-2-3
  • corporation: as used in this chapter and IC § 27-1-8, means any company organized or reorganized under the provisions of this article and any company organized or reorganized under the provisions of any statute of this state enacted prior to March 8, 1935. See Indiana Code 27-1-7-1
  • corporation: has the meaning set forth in IC § 27-1-2-3. See Indiana Code 27-1-7.5-1
  • corrective order: means an order issued by the commissioner that specifies the corrective actions that the commissioner determines are required. See Indiana Code 27-1-36-7
  • coverage: means the right of an individual to receive:

    Indiana Code 27-2-25-1

  • covered claim: means an unpaid claim which arises out of and is within the coverage and not in excess of the applicable limits of an insurance policy to which this chapter applies issued by an insurer, if the insurer becomes an insolvent insurer after the effective date (January 1, 1972) of this chapter and (a) the claimant or insured is a resident of this state at the time of the insured event or (b) the property from which the claim arises is permanently located in this state. See Indiana Code 27-6-8-4
  • covered individual: means an individual entitled to coverage under a short term insurance plan. See Indiana Code 27-8-5.9-1
  • covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-1-24.5-1
  • Covered individual: means an individual who is covered under a benefit program provided by an insurer. See Indiana Code 27-1-25-1
  • covered individual: means an individual who is entitled to coverage from a health carrier. See Indiana Code 27-2-25-2
  • covered individual: means :

    Indiana Code 27-8-17-1

  • covered individual: means an individual who is entitled to coverage under an accident and sickness insurance policy. See Indiana Code 27-8-24.1-2
  • covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-1-37.3-4
  • covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-1-37.4-1
  • covered individual: means an individual who is covered under a health plan. See Indiana Code 27-1-37.5-2
  • covered individual: means an individual who is entitled to be provided health care services at a cost established according to a network plan. See Indiana Code 27-1-45-1
  • covered individual: means an individual who is entitled to be provided health care services according to a health carrier's network plan. See Indiana Code 27-1-46-1
  • covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-2-9.1-1
  • CPT code: refers to the medical billing code that applies to a specific health care service, as published in the Current Procedural Terminology code set maintained by the American Medical Association. See Indiana Code 27-1-37.5-3
  • credit information: means credit related information:

    Indiana Code 27-2-21-7

  • credit report: means a written, an oral, or another communication of information by a consumer reporting agency concerning a consumer's creditworthiness, credit standing, or credit capacity that is used or expected to be used or collected as a factor to determine personal insurance policy premiums, eligibility for coverage, or tier placement. See Indiana Code 27-2-21-8
  • Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
  • customer: means a person who purchases portable electronics. See Indiana Code 27-1-15.9-2
  • customer: means a person that obtains the use of storage space from a self-storage facility under the terms of a self-storage rental agreement. See Indiana Code 27-1-16.1-2
  • cybersecurity event: means an event resulting in unauthorized access to or a disruption or misuse of an information system or nonpublic information stored on the information system that has a reasonable likelihood of materially harming a consumer or any material part of the normal operations of the licensee. See Indiana Code 27-2-27-5
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • data base: refers to the all payer claims data base created under this chapter. See Indiana Code 27-1-44.5-1
  • data base: refers to the all payer claims data base established under IC § 27-1-44. See Indiana Code 27-1-44.6-3
  • death master file: refers to :

    Indiana Code 27-2-23-5

  • death master file match: means the result of a search of a death master file that indicates a match of a person's name with the person's:

    Indiana Code 27-2-23-6

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • dental care: means services provided by a dentist within the scope of the dentist's licensure under IC § 25-14. See Indiana Code 27-4-10-2
  • dental provider: means :

    Indiana Code 27-4-10-3

  • department: refers to the department of insurance created by IC § 27-1-1-1. See Indiana Code 27-2-15-2.5
  • department: means the department of insurance of Indiana. See Indiana Code 27-2-17-2
  • Department: means the department of insurance created by IC § 27-1-1-1. See Indiana Code 27-1-23-1
  • department: refers to the department of insurance created by IC § 27-1-1-1. See Indiana Code 27-2-21-9
  • department: refers to the department of insurance. See Indiana Code 27-8-15-8
  • department: refers to the department of insurance. See Indiana Code 27-8-16-2
  • Department: refers to the insurance department. See Indiana Code 27-1-26-1
  • department: refers to the department of insurance. See Indiana Code 27-8-17-2
  • department: means the department of insurance created by IC § 27-1-1-1. See Indiana Code 27-2-27-6
  • department: refers to the department of insurance. See Indiana Code 27-8-19.8-2
  • Department: shall mean the department of insurance of this state created and defined as a department in the state government of the state of Indiana by IC § 27-1. See Indiana Code 27-4-1-2
  • Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
  • Department: means the department of insurance of this state. See Indiana Code 27-7-2-2
  • department: refers to the department of insurance of Indiana. See Indiana Code 27-1-3.1-3
  • department: refers to the department of insurance created by IC § 27-1-1-1. See Indiana Code 27-1-39-3
  • department: refers to the department of insurance created by IC § 27-1-1-1. See Indiana Code 27-1-42-4
  • Department: refers to the department of insurance. See Indiana Code 27-7-8-1
  • Dependent: A person dependent for support upon another.
  • depository institution: means a depository financial institution (as defined in IC § 28-9-2-6). See Indiana Code 27-1-38-3
  • development committee: refers to a breed development advisory committee established by the commission under section 3 of this chapter. See Indiana Code 4-31-11-1
  • development fund: refers to a breed development fund established by the commission under section 10 of this chapter. See Indiana Code 4-31-11-2
  • Devise: To gift property by will.
  • director: means an individual who is or was a director of a corporation or an individual who, while a director of a corporation, is or was serving at the corporation's request as a director, officer, partner, trustee, employee, or agent of another foreign or domestic corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise, whether for profit or not. See Indiana Code 27-1-7.5-2
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • division: refers to the division of mental health and addiction. See Indiana Code 4-35-8.8-1
  • Docket: A log containing brief entries of court proceedings.
  • domestic corporation: means an insurance company organized under the insurance laws of this state. See Indiana Code 27-1-2-3
  • domestic insurer: is a n insurer organized under the laws of this state. See Indiana Code 27-1-23-1
  • Domestic insurer: means a stock insurance company organized under the laws of this state. See Indiana Code 27-3-3-1
  • domestic insurer: means any:

    Indiana Code 27-1-36-8

  • domestic insurer: means an insurer organized under the laws of Indiana. See Indiana Code 27-1-3.5-2
  • domicile: means the following:

    Indiana Code 27-7-10-3

  • drought insurance: means insurance that covers the loss of or damage to crops caused by an insufficient amount of rainfall. See Indiana Code 27-7-11-1
  • drug: means a drug or biologic that is used in an anticancer chemotherapeutic regimen. See Indiana Code 27-8-20-2
  • effective rate of reimbursement: includes the following:

    Indiana Code 27-1-24.5-2

  • Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
  • electronic funds transfer payment: includes a payment by any method of electronic funds transfer other than an Automated Clearing House Network payment. See Indiana Code 27-4-10-4
  • electronically delivered: includes the following:

    Indiana Code 27-1-43-1

  • eligible employee: means an employee:

    Indiana Code 27-8-15-8.5

  • eligible group: means two (2) or more persons who are engaged in a common enterprise, or have an economic, educational, or social affinity or relationship, including the following:

    Indiana Code 27-7-17-7

  • Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
  • emergency: means a medical condition that arises suddenly and unexpectedly and manifests itself by acute symptoms of such severity, including severe pain, that the absence of immediate medical attention could reasonably be expected by a prudent lay person who possesses an average knowledge of health and medicine to:

    Indiana Code 27-1-37-1

  • emergency services: means services that are:

    Indiana Code 27-1-45-1.5

  • Employee: means an individual employed or permitted to work or perform services for remuneration under a contract of hire, written or oral, by an employer. See Indiana Code 27-7-8-1
  • employees: as used in this chapter refers to officers, managers, employees, and retired employees of the employer and the individual proprietor or partners if the employer is an individual or partnership. See Indiana Code 27-1-12-34.1
  • Employer: means a person who hires an employee. See Indiana Code 27-7-8-1
  • encrypted: means the transformation of data into a form that results in a low probability of assigning meaning without the use of a protective process or key. See Indiana Code 27-2-27-7
  • enforcement authority: has the meaning set forth in IC § 36-7-9-2. See Indiana Code 27-2-15-3
  • enrollee: means an individual who has contracted for or who participates in coverage under an insurance policy, a health maintenance organization contract, or another benefit program providing payment, reimbursement, or indemnification for the costs of health care for:

    Indiana Code 27-8-16-3

  • enrollee: means an individual who has contracted for or who participates in coverage under an insurance policy issued under insurance classes 1(b) and 2(a) of IC § 27-1-5-1, health maintenance organization contract, or other benefit program providing payment, reimbursement, or indemnification for the costs of health care for:

    Indiana Code 27-8-17-3

  • Enterprise risk: means an activity, circumstance, event, or series of events that involves at least one (1) affiliate of an insurer that, if not remedied promptly, is likely to have a material adverse effect upon the financial condition or liquidity of the insurer or the insurer's insurance holding company system as a whole, including an activity, circumstance, event, or series of events that would cause the:

    Indiana Code 27-1-23-1

  • episode of care: means the medical care ordered to be provided for a specific medical procedure, condition, or illness. See Indiana Code 27-2-25-2.5
  • episode of care: means the medical care ordered to be provided for a specific medical procedure, condition, or illness. See Indiana Code 27-1-46-1.5
  • equal access and incentives: means that a pharmacy benefit manager allows any willing pharmacy provider to participate as part of any of the pharmacy benefit manager's networks as long as the pharmacy provider agrees to the terms and conditions of the relevant contract applicable to any other pharmacy provider within that network. See Indiana Code 27-1-24.5-3
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • equity security: when used in this chapter, means any stock or similar security, or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security, or any such warrant or right, or any other security which the insurance commissioner shall deem to be of similar nature and consider necessary or appropriate, by such rules as he may prescribe in the public interest or for the protection of investors, to treat as an equity security. See Indiana Code 27-2-10-6
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • examiner: means any individual or firm authorized by the commissioner to conduct an examination under this chapter. See Indiana Code 27-1-3.1-4
  • executive director: means the individual who is responsible for overseeing the operations of the data base as an employee of the department. See Indiana Code 27-1-44.5-1.2
  • executive director: has the meaning in IC § 27-1-44. See Indiana Code 27-1-44.6-4
  • Executor: A male person named in a will to carry out the decedent
  • expenses: includes counsel fees. See Indiana Code 27-1-7.5-3
  • Experience rating: means a rating procedure utilizing past insurance experience of the individual policyholder to forecast future losses by measuring the policyholder's loss experience against the loss experience of policyholders in the same classification to produce a prospective premium credit, debit, or unity modification. See Indiana Code 27-7-2-2
  • facility: means an institution in which health care services are provided to individuals. See Indiana Code 27-1-45-2
  • Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. Source: OCC
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • final settlement: means a determination:

    Indiana Code 27-2-15-3.2

  • Financial institution: means a bank, savings association, credit union, or any other institution regulated under IC § 28 or federal law. See Indiana Code 27-1-25-1
  • financial responsibility: means the ability to respond in damages as described in IC § 9-25-2-3. See Indiana Code 27-7-5.1-1
  • fire and marine insurance company: means any company making the kind or kinds of insurance set out and defined in class 3 of IC § 27-1-5-1. See Indiana Code 27-1-2-3
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
    • You are late making a payment or commit some other default, triggering an increase to a penalty rate
    • The bank changes the terms of your account and you do not reject the change.
    • The rate expires (if the rate was fixed for only a certain period of time).
  • foreign corporation: means an insurance company organized under the laws of any state of the United States other than this state or under the laws of any territory or insular possession of the United States or the District of Columbia. See Indiana Code 27-1-2-3
  • foreign insurer: means the following:

    Indiana Code 27-1-36-9

  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • fraternal benefit society: refers to a society (as defined in IC § 27-11-1-11) that holds a certificate of authority issued under IC § 27-11-4 or IC § 27-11-8-5. See Indiana Code 27-1-36-9.2
  • Fraud: Intentional deception resulting in injury to another.
  • fulfillment materials: means documentation sent to the purchaser of a travel protection plan confirming the purchase and providing the travel protection plan's coverage and assistance details. See Indiana Code 27-7-17-8
  • fund: refers to the Indiana horse racing commission operating fund. See Indiana Code 4-31-10-1
  • fund: means the gaming integrity fund established by section 3 of this chapter. See Indiana Code 4-35-8.7-1
  • fund: refers to the political subdivision risk management fund established by this chapter. See Indiana Code 27-1-29-2
  • fund: refers to the political subdivision catastrophic liability fund established by this chapter. See Indiana Code 27-1-29.1-2
  • funding agreement: means an agreement that:

    Indiana Code 27-1-12.7-1

  • GAAP: refers to consistently applied United States generally accepted accounting principles. See Indiana Code 27-1-25-1
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • generic drug: means a drug product that is identified by the drug's chemical name and that is:

    Indiana Code 27-1-24.5-4

  • Germane: On the subject of the pending bill or other business; a strict standard of relevance.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • good faith estimate: means a health carrier's reasonable estimate of:

    Indiana Code 27-2-25-3

  • good faith estimate: means a reasonable estimate of the price each provider anticipates charging for an episode of care for nonemergency health care services that:

    Indiana Code 27-1-46-2

  • governmental agency: means any:

    Indiana Code 27-2-19-1

  • Governmental plan: has the meaning set forth in IC § 27-8-10-1. See Indiana Code 27-1-25-1
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Grantor: The person who establishes a trust and places property into it.
  • group: means a group of individuals who:

    Indiana Code 27-7-14-3

  • group: means a group of individuals who:

    Indiana Code 27-7-15-2

  • group: means a group of individuals who:

    Indiana Code 27-7-16-3

  • group of insurers: means two (2) or more insurers that are part of an insurance holding company system. See Indiana Code 27-1-3.5-2.6
  • group travel insurance: means travel insurance issued to any eligible group. See Indiana Code 27-7-17-9
  • Group wide supervisor: means the regulatory official who is:

    Indiana Code 27-1-23-1

  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • hazardous financial condition: means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able to:

    Indiana Code 27-7-10-4

  • health benefit plan: means coverage for health care services provided under:

    Indiana Code 27-1-37.2-1

  • health care contract: means a contract between a person and a provider specifying the rights and responsibilities of the:

    Indiana Code 27-1-37.3-6

  • health care provider: means a:

    Indiana Code 27-8-14.1-2

  • health care provider: has the meaning set forth in IC § 34-18-2-14. See Indiana Code 27-8-22-1
  • health care service: means a health care related service or product rendered or sold by a health care provider within the scope of the health care provider's license or legal authorization, including hospital, medical, surgical, mental health, and substance abuse services or products. See Indiana Code 27-1-37.5-4
  • health care sharing ministry: means a nonprofit organization that:

    Indiana Code 27-1-2.1-1

  • health carrier: means an entity:

    Indiana Code 27-2-25-4

  • health carrier: means the following entities:

    Indiana Code 27-2-26-1

  • health carrier: means an entity:

    Indiana Code 27-1-37-1.5

  • health carrier: means an entity:

    Indiana Code 27-1-46-3

  • health insurance educator: refers to the health insurance educator appointed under section 6 of this chapter. See Indiana Code 27-1-37.2-3
  • health insurance plan: means any:

    Indiana Code 27-8-14.5-1

  • health insurance plan: means :

    Indiana Code 27-4-10-5

  • health insurer: means the following:

    Indiana Code 27-1-36-9.3

  • health insurer: means an entity or person that issues a health insurance plan. See Indiana Code 27-4-10-6
  • health maintenance organization: has the meaning set forth in IC § 27-13-1-19. See Indiana Code 27-8-17-4
  • health maintenance organization: has the meaning set forth in IC § 27-13-1-19. See Indiana Code 27-8-20-5
  • health maintenance organization: has the meaning set forth in IC § 27-13-1-19. See Indiana Code 27-1-36-9.4
  • health maintenance organization: means an entity that provides or arranges for delivery of dental care under a certificate of authority issued under IC § 27-13. See Indiana Code 27-4-10-7
  • health maintenance organization: means a person that undertakes to provide or arrange for the delivery of health care services to individuals on a prepaid basis, except for the individual's responsibility for copayments or deductibles. See Indiana Code 27-1-37-2
  • health maintenance organization: means a person that undertakes to provide or arrange for the delivery of health care services to individuals on a prepaid basis, except for the individual's responsibility for copayments or deductibles. See Indiana Code 27-1-37.1-1
  • health payer: includes the following:

    Indiana Code 27-1-44.5-2

  • health plan: means the following:

    Indiana Code 27-1-24.5-5

  • health plan: means a plan through which coverage is provided for health care services through insurance, prepayment, reimbursement, or otherwise. See Indiana Code 27-1-37.3-5
  • health plan: means any of the following that provides coverage for prescription drugs:

    Indiana Code 27-1-37.4-2

  • health plan: means any of the following:

    Indiana Code 27-1-2.3-4

  • health plan: means any of the following that provides coverage for health care services:

    Indiana Code 27-1-37.5-5

  • health plan: means a plan that is compliant with the PPACA and offered by an insurer to provide, deliver, arrange for, pay for, or reimburse the cost of health care items or services. See Indiana Code 27-2-9.1-2
  • health plan operator: means the following:

    Indiana Code 27-1-2.3-5

  • health provider contract: means an agreement with a provider or a health provider facility relating to terms and conditions of reimbursement for health care services provided to an individual under:

    Indiana Code 27-1-37-3

  • health provider contract: means an agreement with a provider relating to terms and conditions of reimbursement for health care services provided to an individual under:

    Indiana Code 27-1-37.1-2

  • health provider facility: means any of the following:

    Indiana Code 27-1-37-3.2

  • high breast density: means a condition in which there is a greater amount of breast and connective tissue in comparison to fat in the breast. See Indiana Code 27-8-13.5-2
  • high net worth insured: means the following:

    Indiana Code 27-6-8-4

  • holder: means a person who is entitled to services or indemnification under a service contract. See Indiana Code 27-1-43.2-2
  • holder: means a person described in section 5 of this chapter that is issued a funding agreement by a life insurance company. See Indiana Code 27-1-12.7-2
  • Home state: means the District of Columbia or any state or territory of the United States in which an administrator is incorporated or maintains the administrator's principal place of business. See Indiana Code 27-1-25-1
  • home state: means :

    Indiana Code 27-1-28-5

  • home state: means the following:

    Indiana Code 27-1-15.8-1

  • hospital system: means :

    Indiana Code 27-1-37-3.5

  • in network: when used in reference to a practitioner, means that the health care services provided by the practitioner are subject to a health carrier's network plan. See Indiana Code 27-2-25-5
  • in network: when used in reference to a provider, means that the health care services provided by the provider are subject to a health carrier's network plan. See Indiana Code 27-1-46-4
  • in network provider: means a provider that is required under a network plan to provide health care services to covered individuals at not more than a preestablished rate or amount of compensation. See Indiana Code 27-1-45-3
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Indemnity reinsurance: means a transaction in which one (1) insurer agrees to indemnify another insurer for all or a portion of the insurance, annuity, and endowment risks or liabilities of the ceding insurer. See Indiana Code 27-6-1.1-1
  • independent adjuster: means a person, or an independent contractor or employee of a person, that:

    Indiana Code 27-1-28-6

  • independent auditor: means a certified public accountant or a certified public accounting firm that conducts an annual audit of a domestic insurer as required by this chapter. See Indiana Code 27-1-3.5-3
  • independent insurance producer: means an insurance producer who:

    Indiana Code 27-2-17-3

  • independent pharmacies: means pharmacies that are not a pharmacy benefit manager affiliate. See Indiana Code 27-1-24.5-6
  • independent postsecondary educational institution: refers to an independent, degree granting college or university that is:

    Indiana Code 27-1-39-4

  • information security program: means the administrative, technical, and physical safeguards that a licensee uses to access, collect, distribute, process, protect, store, use, transmit, dispose of, or otherwise handle nonpublic information. See Indiana Code 27-2-27-8
  • information system: means either of the following:

    Indiana Code 27-2-27-9

  • inherited metabolic disease: means a disease:

    Indiana Code 27-8-24.1-3

  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • innocent coinsured: means an individual who:

    Indiana Code 27-2-24-5

  • insolvent insurer: means (a) a member insurer holding a valid certificate of authority to transact insurance in this state either at the time the policy was issued or when the insured event occurred and (b) against whom a final order of liquidation, with a finding of insolvency, to which there is no further right of appeal, has been entered by a court of competent jurisdiction in the company's state of domicile. See Indiana Code 27-6-8-4
  • 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
  • insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance, and any other arrangement for shifting and distributing risk that is determined to be insurance under the laws of Indiana. See Indiana Code 27-7-10-5
  • insurance group: means insurers and affiliates of an insurance holding company system (as defined in IC § 27-1-23-1). See Indiana Code 27-1-4.1-3
  • insurance holding company system: consists of two (2) or more affiliated persons, one (1) or more of which is an insurer. See Indiana Code 27-1-23-1
  • insurance holding company system: has the meaning set forth in IC § 27-1-23-1. See Indiana Code 27-1-3.5-3.1
  • insurance policy: means an accident and sickness policy (as defined in IC § 27-8-5-1). See Indiana Code 27-8-20-3
  • insurance producer: has the meaning set forth in IC § 27-1-15. See Indiana Code 27-2-21-10
  • Insurance producer: has the meaning set forth in IC § 27-1-15. See Indiana Code 27-1-25-1
  • insurance producer: has the meaning set forth in IC § 27-1-15. See Indiana Code 27-1-42-5
  • insurance score: means a number or rating that is derived from an algorithm, computer application, model, or other process that is based on credit information for the purpose of predicting the future insurance loss exposure of an individual consumer. See Indiana Code 27-2-21-11
  • insured: means an individual who is entitled to coverage under an accident and sickness insurance policy. See Indiana Code 27-8-5.8-3
  • insured: means an individual who is entitled to coverage under a policy of accident and sickness insurance. See Indiana Code 27-8-13.5-3
  • insured: means an individual who is entitled to coverage under a policy of accident and sickness insurance. See Indiana Code 27-8-14-3
  • insured: means an individual entitled to coverage under a personal insurance policy. See Indiana Code 27-2-21-12
  • insured: means an individual who is entitled to coverage under a policy of accident and sickness insurance. See Indiana Code 27-8-14.2-2
  • insured: refers to an individual with:

    Indiana Code 27-8-14.5-2

  • insured: means the individual whose life is the subject of insurance under a policy. See Indiana Code 27-2-22-3
  • insured: means a male individual who is entitled to coverage under a policy of accident and sickness insurance. See Indiana Code 27-8-14.7-2
  • insured: means an individual who is entitled to coverage under an accident and sickness insurance policy. See Indiana Code 27-8-14.8-2
  • insured: refers to an individual whose life is the subject of insurance under a life insurance policy or contract. See Indiana Code 27-8-19.8-3
  • insured: means a person who is entitled to the coverage provided by an insurance policy. See Indiana Code 27-4-1.5-3
  • Insured: as used in this chapter , shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein. See Indiana Code 27-8-5-3
  • insured customer: means a customer who purchases insurance under a portable electronics insurance policy that is issued to a vendor. See Indiana Code 27-1-15.9-3
  • insured customer: means a customer that purchases insurance under a self-storage insurance policy that is sold, solicited, or negotiated by a self-storage facility. See Indiana Code 27-1-16.1-3
  • Insurer: means an insurance company. See Indiana Code 27-2-14-1
  • insurer: means an insurance company issued a certificate of authority in Indiana to issue accident and sickness insurance policies. See Indiana Code 27-8-5.7-3
  • insurer: means a fire and marine insurance company, as defined in IC § 27-1-2-3(u). See Indiana Code 27-2-15-4
  • insurer: has the meaning set forth in IC § 27-1-2-3(x). See Indiana Code 27-2-16-2
  • insurer: means a person who transacts a property and casualty insurance business. See Indiana Code 27-2-19-2
  • insurer: refers to an insurer (as defined in IC § 27-1-2-3) that issues a personal insurance policy. See Indiana Code 27-2-21-13
  • insurer: means any person who provides health insurance and issues health insurance plans in Indiana. See Indiana Code 27-8-14.5-3
  • insurer: means an insurance company that issues a policy. See Indiana Code 27-2-22-4
  • insurer: means any person who provides health insurance in Indiana. See Indiana Code 27-8-15-10
  • Insurer: means :

    Indiana Code 27-1-25-1

  • insurer: means an insurance company that issues or delivers a policy of property or casualty insurance. See Indiana Code 27-2-24-6
  • insurer: has the meaning set forth in IC § 27-1-25-1(l). See Indiana Code 27-1-25.1-2
  • insurer: means a life or health insurance company, fraternal benefit society, prepaid health plan, dental care plan, vision care plan, pharmaceutical plan, health maintenance organization, and all similar type organizations. See Indiana Code 27-1-26-1
  • insurer: means any person, firm, association, or corporation duly authorized to act in Indiana as an insurance company pursuant to IC § 27-1. See Indiana Code 27-1-33-3
  • insurer: means :

    Indiana Code 27-8-22.1-2

  • insurer: has the meaning set forth in IC § 27-1-2-3. See Indiana Code 27-4-1.5-4
  • insurer: has the meaning set forth in IC § 12-7-2-120. See Indiana Code 27-8-23-4
  • insurer: means any person, firm, association, or corporation licensed to transact a property/casualty insurance business in Indiana. See Indiana Code 27-1-35-7
  • insurer: means a company, firm, partnership, association, order, society, or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal, or interinsurers, or individual underwriters. See Indiana Code 27-4-4-2
  • insurer: includes :

    Indiana Code 27-1-36-9.6

  • insurer: means any person, firm, association or corporation duly licensed in Indiana pursuant to the applicable provisions of the insurance law as an insurer. See Indiana Code 27-6-9-4
  • insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
  • insurer: has the meaning set forth in IC § 27-1-2-3. See Indiana Code 27-1-3.1-5
  • Insurer: means a person who obtains a certificate of authority under IC § 27-1-3-20. See Indiana Code 27-7-8-1
  • insurer: refers to an insurer (as defined in IC § 27-1-2-3) that issues a policy of property or casualty insurance. See Indiana Code 27-1-42-6
  • insurer: has the meaning set forth in IC § 27-1-2-3(x). See Indiana Code 27-7-9-2
  • Insurer: means an entity issuing a policy. See Indiana Code 27-1-12.3-1
  • insurer: means an entity licensed in Indiana to issue a health plan. See Indiana Code 27-2-9.1-3
  • Inter vivos: Transfer of property from one living person to another living person.
  • interest rate: means the rate of interest on policy loans, including the rate of interest charged on reinstatement of policy loans for the period during and after any lapse. See Indiana Code 27-1-12.3-1
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • internal audit function: means a process that provides independent, objective, and reasonable assurance that is designed to:

    Indiana Code 27-1-3.5-3.2

  • internal control over financial reporting: means a process effected by a domestic insurer's board of directors, management, or other personnel that is designed to provide reasonable assurance regarding the reliability of financial statements of the domestic insurer, including the following:

    Indiana Code 27-1-3.5-3.3

  • Internal Revenue Code: means the Internal Revenue Code of 1986, as in effect on January 1, 1994. See Indiana Code 27-1-12.4-1
  • Internationally active insurance group: means an insurance holding company system that:

    Indiana Code 27-1-23-1

  • Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
  • Intestate: Dying without leaving a will.
  • IPEP: refers to the Indiana Public Employers' Plan, Inc. See Indiana Code 27-1-45.5-1
  • issue year basis: refers to a valuation basis under which the interest rate used to determine the minimum valuation standard for the entire duration of an annuity or a guaranteed interest contract is the calendar year valuation interest rate for the year of issue or year of purchase of the annuity or guaranteed interest contract. See Indiana Code 27-1-12.8-9
  • issuer: includes :

    Indiana Code 27-8-13-7.3

  • Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
  • Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • knowledge of death: means one (1) of the following:

    Indiana Code 27-2-23-7

  • late enrollee: means an eligible employee or a dependent of an eligible employee who did not request enrollment in a health insurance plan of a small employer during the initial enrollment period during which the individual was entitled to enroll under the health insurance plan. See Indiana Code 27-8-15-10.5
  • late enrollee: has the meaning set forth in 26 U. See Indiana Code 27-8-5-19
  • law enforcement agency: means an agency or a department of any level of government whose principal function is the apprehension of criminal offenders. See Indiana Code 27-2-19-3
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Legal insurance: means insurance against class 2(m) risk of loss as described in IC § 27-1-5-1. See Indiana Code 27-7-8-1
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • liability: means an obligation arising from a claim for the payment of money in an amount established under IC § 34-13-3 (or IC § 34-4-16. See Indiana Code 27-1-29-3
  • liability: means an obligation arising from:

    Indiana Code 27-1-29.1-3

  • liability: means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding. See Indiana Code 27-1-7.5-4
  • liability: means legal liability for damages (including costs of defense, legal costs and fees, and other claims expenses) because of injuries to other persons, damage to their property, or other damage or loss to other persons, resulting from or arising out of:

    Indiana Code 27-7-10-6

  • licensed producer: means an insurance producer, broker, or reinsurance intermediary licensed pursuant to the applicable provision of the insurance law. See Indiana Code 27-6-9-5
  • licensed SPMO: means a secondary pari-mutuel organization licensed under this chapter. See Indiana Code 4-31-7.5-6
  • licensee: means a person that is:

    Indiana Code 27-2-27-10

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • life insurance: means insurance under a contract that incorporates mortality risk, including annuity and pure endowment contracts. See Indiana Code 27-1-12.8-10
  • life insurance company: means any company making one or more of the kinds of insurance set out and defined in class 1(a) of IC § 27-1-5-1. See Indiana Code 27-1-2-3
  • life insurance company: means a life insurance company authorized to issue a product described in Class 1(c) of IC § 27-1-5-1. See Indiana Code 27-1-12.7-3
  • life insurance policy: means an insurance policy that provides the type of insurance described in Class 1(a) of IC § 27-1-5-1. See Indiana Code 27-8-18-3
  • life insurer: means an insurer that makes one (1) or more of the types of insurance described in Class 1 of IC § 27-1-5-1. See Indiana Code 27-1-36-10
  • limited purpose subsidiary: means a subsidiary life insurance company that is organized under this chapter. See Indiana Code 27-1-12.1-2
  • limited service health maintenance organization: has the meaning set forth in IC § 27-13-34-4. See Indiana Code 27-1-36-9.8
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • location: means :

    Indiana Code 27-1-15.9-4

  • mammography services provider: means a person or facility that:

    Indiana Code 27-8-14-4

  • mandatory control level event: has the meaning set forth in section 41 of this chapter. See Indiana Code 27-1-36-11
  • mandatory control level RBC: means , with respect to an insurer, the product of seven-tenths (. See Indiana Code 27-1-36-12
  • material acquisition: means an asset acquisition or a series of related asset acquisitions during any thirty (30) day period that:

    Indiana Code 27-2-18-4

  • material disposition: means an asset disposition or a series of related asset dispositions during any thirty (30) day period that:

    Indiana Code 27-2-18-5

  • maternity benefits: refers to the provision of health care to a woman before, during, and after delivery of a child, including physician, hospital, laboratory, and ultrasound services. See Indiana Code 27-8-24-3
  • maximum allowable cost: means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a generic drug. See Indiana Code 27-1-24.5-7
  • maximum allowable cost list: means a list of drugs that is used:

    Indiana Code 27-1-24.5-8

  • medical claims review: means the determination of the reimbursement to be provided under the terms of an insurance policy, a health maintenance organization contract, or another benefit program providing payment, reimbursement, or indemnification for health care costs based on the appropriateness of health care services or the amount charged for a health care service delivered to an enrollee. See Indiana Code 27-8-16-4
  • medical food: means a formula that is:

    Indiana Code 27-8-24.1-4

  • medical record: means written or printed information possessed by a provider (as defined in IC § 16-18-2-295) concerning any diagnosis, treatment, or prognosis of the patient, unless otherwise defined. See Indiana Code 1-1-4-5
  • medicare: means Title XVIII of the federal Social Security Act (42 U. See Indiana Code 27-8-13-1
  • Medicare supplement policy: means a group or individual policy of accident and sickness insurance or a subscriber contract of health maintenance organizations that is advertised, marketed, or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical, or surgical expenses of persons eligible for Medicare benefits. See Indiana Code 27-8-13-3
  • member: refers to any political subdivision that has a membership in the fund, as provided in section 9 of this chapter. See Indiana Code 27-1-29.1-4
  • member: means one who holds a contract of insurance or is insured in an insurance company other than a stock corporation. See Indiana Code 27-1-2-3
  • member: means an independent postsecondary educational institution that enters into an agreement under section 7 of this chapter to form a consortium. See Indiana Code 27-1-39-5
  • member insurer: means any person who is licensed or holds a certificate of authority under IC § 27-1-6-18 or IC § 27-1-17-1 to transact in Indiana any kind of insurance for which coverage is provided under section 3 of this chapter, including the exchange of reciprocal or inter-insurance contracts. See Indiana Code 27-6-8-4
  • MGA: means any person, firm, association, or corporation:

    Indiana Code 27-1-33-4

  • midpoint rate: means for small employers with similar case and benefit design characteristics the arithmetic average of the applicable base premium rate and the corresponding highest premium rate. See Indiana Code 27-8-15-11
  • mine subsidence: means the collapse of an underground coal mine resulting in damage to a structure. See Indiana Code 27-7-9-3
  • minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
  • minor: is a person under the age of eighteen (18) years. See Indiana Code 27-8-5-3
  • minority: means a member of a minority group (as defined in IC § 4-13-16. See Indiana Code 4-35-11-3
  • Minority leader: See Floor Leaders
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • morbid obesity: means :

    Indiana Code 27-8-14.1-3

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • motor vehicle: has the meaning set forth in IC § 9-13-2-105. See Indiana Code 27-4-1.5-5
  • motor vehicle: has the meaning set forth in IC § 9-13-2-105(a). See Indiana Code 27-1-43.2-4
  • motor vehicle insurance: means any type of insurance described in IC § 27-1-5-1, Class 2(f). See Indiana Code 27-1-22-26
  • motor vehicle insurance: means the type of insurance described in IC § 27-1-5-1, Class 2(f). See Indiana Code 27-7-14-6
  • motor vehicle insurance: means the type of insurance described in IC § 27-1-5-1, Class 2(f). See Indiana Code 27-7-15-4
  • motor vehicle insurance policy: means a policy that provides the kind of coverage described in Class 2(f) of IC § 27-1-5-1. See Indiana Code 27-7-5.1-2
  • multi-factor authentication: means authentication through verification of at least two (2) of the following types of authentication factors:

    Indiana Code 27-2-27-11

  • multiple employer welfare arrangement: means an entity other than a duly admitted insurer that establishes an employee benefit plan for the purpose of offering or providing accident and sickness or death benefits to the employees of at least two (2) employers, including self-employed individuals and their dependents. See Indiana Code 27-1-34-1
  • municipality: has the meaning set forth in IC § 36-1-2-11. See Indiana Code 27-2-15-4.2
  • NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-23-1
  • NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-28-7
  • NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-36-13
  • NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-4.1-5
  • NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-12.8-11
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • negative trend: means , with respect to an insurer, a negative trend over a period of time, as determined in accordance with the trend test calculation included in the RBC instructions. See Indiana Code 27-1-36-14
  • net direct written premiums: means direct gross premiums written in this state on insurance policies to which this chapter applies, less return premiums thereon and dividends paid or credited to policyholders on such direct business. See Indiana Code 27-6-8-4
  • network: means a group of provider facilities and practitioners that:

    Indiana Code 27-2-25-6

  • network: means a group of provider facilities and practitioners that:

    Indiana Code 27-1-46-5

  • network plan: means a plan under which providers are required by contract to provide health care services to covered individuals at not more than a preestablished rate or amount of compensation. See Indiana Code 27-1-45-4
  • network plan: means a plan of a health carrier that:

    Indiana Code 27-1-46-6

  • new business premium rate: means the premium rate charged or offered by the small employer insurer to small employers with similar case characteristics and benefit design characteristics for newly issued health insurance plans. See Indiana Code 27-8-15-12
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • non-trucking liability insurance: means insurance that provides third party liability coverage for property damage or bodily injury caused by the operation of a for hire motor carrier truck for purposes other than for hire motor carrier truck purposes. See Indiana Code 27-7-15-5
  • nonadmitted insurance policy or contract: means an insurance policy or contract that is issued by an insurer that is not authorized to transact the business of insurance under the law of the home state. See Indiana Code 27-1-15.8-1
  • Noncode statute: means a statute that is not codified as part of the Indiana Code. See Indiana Code 1-1-4-5
  • nonemergency health care service: means a discrete service or series of services ordered by a practitioner for an episode of care for the:

    Indiana Code 27-2-25-8

  • nonemergency health care service: means a discrete service or series of services ordered by a practitioner for an episode of care for the purpose of:

    Indiana Code 27-1-46-7

  • nonprofit agricultural organization: means an organization:

    Indiana Code 27-1-2.2-1

  • nonprofit agricultural organization coverage: means health benefit coverage that is:

    Indiana Code 27-1-2.2-2

  • nonpublic information: means electronic information that is not publicly available information and is described in either of the following subdivisions:

    Indiana Code 27-2-27-12

  • Nonresident administrator: means a person that applies for or holds a license under section 12. See Indiana Code 27-1-25-1
  • Oath: A promise to tell the truth.
  • Oath: includes "affirmation" and "to swear" includes to "affirm". See Indiana Code 1-1-4-5
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • official capacity: means :

    Indiana Code 27-1-7.5-5

  • organizing domestic life insurance company: refers to a life insurance company that organizes a limited purpose subsidiary under this chapter. See Indiana Code 27-1-12.1-3
  • ORSA summary report: means a confidential, high level summary of an insurer or insurance group's ORSA. See Indiana Code 27-1-23.5-7
  • Oversight: Committee review of the activities of a Federal agency or program.
  • parent: means a person that through at least one (1) intermediary wholly owns a limited purpose subsidiary. See Indiana Code 27-1-12.1-4
  • Parent corporation: means a corporation organized for any purpose under the laws of this state or any other jurisdiction that owns, directly or indirectly, at least ninety percent (90%) of the issued and outstanding voting stock of a domestic insurer. See Indiana Code 27-3-3-1
  • participating provider: refers to the following:

    Indiana Code 27-1-37.5-6

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • party: includes an individual who was, is, or is threatened to be made a named defendant or respondent in a proceeding. See Indiana Code 27-1-7.5-6
  • party: means a recipient of a notice or document required as part of an insurance transaction. See Indiana Code 27-1-43-2
  • permitted group: means a group of ten (10) or more commercial, business, or not-for-profit entities that have a preexisting relationship to one another through:

    Indiana Code 27-1-30.4-1

  • person: is a n individual, a corporation, a limited liability company, a partnership, an association, a joint stock company, a trust, an unincorporated organization, any similar entity or any combination of the foregoing acting in concert. See Indiana Code 27-1-23-1
  • person: includes individuals, corporations, associations, limited liability companies, and partnerships. See Indiana Code 27-2-19-4
  • person: has the meaning set forth in IC § 27-1-2-3. See Indiana Code 27-2-20-1
  • Person: has the meaning set forth in IC § 27-1-15. See Indiana Code 27-1-25-1
  • person: refers to an insured, annuity owner, annuitant, or a retained asset account owner. See Indiana Code 27-2-23-8
  • person: refers to a person described in IC § 27-1-25-1(a)(15). See Indiana Code 27-1-25.1-3
  • person: means an individual, a corporation, a limited liability company, a partnership, or an unincorporated association. See Indiana Code 27-8-16-4.5
  • person: means an individual, an association, a corporation, a limited liability corporation, an estate, a partnership, a trust, or any other business or legal entity. See Indiana Code 27-8-19.8-7
  • person: shall mean any individual, corporation, company including any farm mutual insurance company, association, partnership, firm, reciprocal exchange, inter-insurer, Lloyds insurers, society, fraternal benefit society, lodge, order, council, corps, and any other association or legal entity, engaged in the business of insurance, including but not in limitation of the foregoing, insurance producers, brokers, solicitors, advisors, auditors, and adjusters. See Indiana Code 27-4-1-2
  • person: means an individual, an aggregation of individuals, a corporation, a partnership, or another entity. See Indiana Code 27-6-8-4
  • person: includes individuals, corporations, associations, and partnerships; personal pronoun includes all genders; the singular includes the plural and the plural includes the singular. See Indiana Code 27-1-2-3
  • person: means an individual, an agency, a political subdivision, a partnership, a corporation, an association, or any other entity. See Indiana Code 27-1-37-4
  • Person: includes individuals, corporations, firms, companies, associations, and partnerships. See Indiana Code 27-7-2-2
  • person: means an individual, an agency, a political subdivision, a partnership, a corporation, an association, or any other entity that enters into a health provider contract with a provider. See Indiana Code 27-1-37.1-3
  • person: means an individual, a corporation, a limited liability company, a partnership, or another legal entity. See Indiana Code 27-1-2.3-7
  • person: means any individual, aggregation of individuals, trust, association, partnership, limited liability company, or corporation, or any affiliate of these entities. See Indiana Code 27-1-3.1-7
  • Person: means an individual, partnership, corporation, limited liability company, business trust, or association. See Indiana Code 27-7-8-1
  • person: has the meaning set forth in IC § 27-1-2-3. See Indiana Code 27-1-42-7
  • personal insurance policy: means a policy that:

    Indiana Code 27-2-21-14

  • Personal property: All property that is not real property.
  • Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
  • personal risk liability: means liability for damages because of injury to any person, damage to property, or other loss or damage resulting from any personal, familial, or household responsibilities or activities, rather than from responsibilities or activities referred to in section 6(a) of this chapter. See Indiana Code 27-7-10-7
  • pharmacist: means an individual licensed as a pharmacist under IC § 25-26. See Indiana Code 27-1-24.5-9
  • pharmacist services: means products, goods, and services provided as part of the practice of pharmacy. See Indiana Code 27-1-24.5-10
  • pharmacy: means the physical location:

    Indiana Code 27-1-24.5-11

  • pharmacy benefit manager: means an entity that, on behalf of a health plan, state agency, insurer, managed care organization, or other third party payor:

    Indiana Code 27-1-24.5-12

  • pharmacy benefit manager affiliate: means a pharmacy or pharmacist that directly or indirectly, through one (1) or more intermediaries:

    Indiana Code 27-1-24.5-13

  • pharmacy services administrative organization: means an organization that assists independent pharmacies and pharmacy benefit managers or health plans to achieve administrative efficiencies, including contracting and payment efficiencies. See Indiana Code 27-1-24.5-15
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • plan: means any:

    Indiana Code 27-8-15-9

  • plan of operation or feasibility study: means an analysis that presents the expected activities and results of a risk retention group including, at a minimum, the following:

    Indiana Code 27-7-10-8

  • plan type: refers to the following:

    Indiana Code 27-1-12.8-12

  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • policy: means a policy or certificate that provides the kind of insurance described in Class 1 of IC § 27-1-5-1. See Indiana Code 27-2-22-5
  • policy: means a policy or certificate issued in Indiana after June 30, 2015, that provides the kind of insurance described in Class 1 of IC § 27-1-5-1. See Indiana Code 27-2-23-9
  • Policy: means :

    Indiana Code 27-1-12.3-1

  • policy form: means :

    Indiana Code 27-1-26-1

  • Policy loan: means :

    Indiana Code 27-1-12.3-1

  • policy of accident and sickness insurance: has the meaning set forth in IC § 27-8-5-1. See Indiana Code 27-8-13.5-4
  • policy of accident and sickness insurance: as used in this chapter , includes any policy or contract covering one (1) or more of the kinds of insurance described in Class 1(b) or 2(a) of IC § 27-1-5-1. See Indiana Code 27-8-5-1
  • policyholder: means one who is a holder of a contract of insurance in an insurance company. See Indiana Code 27-1-2-3
  • Policyholder: includes the owner of the policy or the person designated to pay premiums as shown on the records of the life insurer. See Indiana Code 27-1-12.3-1
  • political subdivision: has the meaning set forth in IC § 36-1-2-13. See Indiana Code 27-2-19-5
  • political subdivision: has the meaning set forth in IC § 34-6-2-110. See Indiana Code 27-1-29-4
  • political subdivision: has the meaning set forth in IC § 34-6-2-110. See Indiana Code 27-1-29.1-5
  • Population: has the meaning set forth in IC § 1-1-3. See Indiana Code 1-1-4-5
  • portable electronics: means electronic devices that are portable in nature. See Indiana Code 27-1-15.9-5
  • portable electronics insurance: means insurance that provides coverage for the repair or replacement of portable electronics, including coverage for loss, theft, inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss. See Indiana Code 27-1-15.9-6
  • position: means the position of health insurance educator established under section 5 of this chapter. See Indiana Code 27-1-37.2-4
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • PPACA: has the meaning set forth in IC § 27-19-2-14. See Indiana Code 27-8-5.9-2
  • PPACA: refers to the federal Patient Protection and Affordable Care Act (P. See Indiana Code 27-2-9.1-4
  • practitioner: means :

    Indiana Code 27-2-25-9

  • practitioner: means the following:

    Indiana Code 27-1-45-5

  • practitioner: means :

    Indiana Code 27-1-46-8

  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • premium: means money or any other thing of value paid or given in consideration to an insurer, insurance producer, or solicitor on account of or in connection with a contract of insurance and shall include as a part but not in limitation of the above, policy fees, admission fees, membership fees and regular or special assessments and payments made on account of annuities. See Indiana Code 27-1-2-3
  • premium: has the meaning set forth in IC § 27-1-2-3(w). See Indiana Code 27-7-9-4
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • price: means the negotiated rate between the:

    Indiana Code 27-1-46-8.5

  • primary certificate holder: means a person who elects and purchases travel insurance under a group policy. See Indiana Code 27-7-17-10
  • primary policyholder: means an individual who elects and purchases individual travel insurance. See Indiana Code 27-7-17-11
  • principal office: means that office maintained by the corporation in this state, the address of which is required by the provisions of this article to be kept on file in the office of the department. See Indiana Code 27-1-2-3
  • principal place of business: means , with respect to determining the home state of an insured, the state where the:

    Indiana Code 27-1-15.8-1

  • prior authorization: includes a health plan requirement that a prescription drug be authorized for payment by the health plan before the prescription drug is provided to a particular covered individual. See Indiana Code 27-1-37.4-3
  • prior authorization: means a practice implemented by a health plan through which coverage of a health care service is dependent on the covered individual or health care provider obtaining approval from the health plan before the health care service is rendered. See Indiana Code 27-1-37.5-7
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Probate: Proving a will
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • proceeding: means any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative and whether formal or informal. See Indiana Code 27-1-7.5-7
  • producer: means an insurance broker or brokers or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation. See Indiana Code 27-1-35-8
  • product liability: means liability for damages because of any personal injury, death, emotional harm, consequential economic damage, or property damage (including damages resulting from the loss of use of property) arising out of the manufacture, design, importation, distribution, packaging, labeling, lease, or sale of a product. See Indiana Code 27-7-10-9
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • property and casualty insurance: means one (1) or more of the types of insurance described in IC § 27-1-5-1, Class 2 and Class 3. See Indiana Code 27-1-30.4-2
  • property and casualty insurance: means one (1) or more of the types of insurance described in IC § 27-1-5-1, Class 2 and Class 3. See Indiana Code 27-1-44-1
  • property and casualty insurer: means an insurer that is authorized to make one (1) or more of the types of insurance described in Class 2 and Class 3 of IC § 27-1-5-1. See Indiana Code 27-1-36-15
  • property or casualty insurance: means a type of insurance described in Class 2 and Class 3 of IC § 27-1-5-1. See Indiana Code 27-2-17-4
  • property or casualty insurance: means a type of insurance described in Class 2 and Class 3 of IC § 27-1-5-1. See Indiana Code 27-2-24-7
  • property or casualty insurance: means one (1) or more of the kinds of insurance described in Class 2 and Class 3 of IC § 27-1-5-1. See Indiana Code 27-1-42-8
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • prostate specific antigen test: means a standard blood test performed to determine the level of prostate specific antigen in the blood. See Indiana Code 27-8-14.7-3
  • provider: has the meaning set forth in IC § 27-8-11-1. See Indiana Code 27-8-5.7-4
  • provider: means :

    Indiana Code 27-2-25-10

  • provider: has the meaning set forth in IC § 27-8-11-1. See Indiana Code 27-8-22.1-3
  • provider: means an individual or entity licensed or legally authorized to provide health care services. See Indiana Code 27-1-37-5
  • provider: means :

    Indiana Code 27-1-37.1-4

  • provider: means a person who is contractually obligated to a holder under a service contract. See Indiana Code 27-1-43.2-5
  • provider: means :

    Indiana Code 27-1-45-6

  • provider: means :

    Indiana Code 27-1-46-9

  • provider billing agent: means a person or entity that contracts with a dental provider to provide billing services for the dental provider, including:

    Indiana Code 27-4-10-8

  • provider facility: means any of the following:

    Indiana Code 27-2-25-11

  • provider facility: means any of the following:

    Indiana Code 27-1-46-10

  • provider of record: means the physician or other licensed practitioner identified to a utilization review agent as having primary responsibility for the care, treatment, and services rendered to a covered individual. See Indiana Code 27-8-17-5
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • publicly available information: means any information that a licensee has a reasonable basis to believe is lawfully made available to the general public from:

    Indiana Code 27-2-27-13

  • Published monthly average: means :

    Indiana Code 27-1-12.3-1

  • purchasing group: means any group that:

    Indiana Code 27-7-10-10

  • qualified actuary: means an individual who is qualified to sign the applicable statement of actuarial opinion in accordance with the American Academy of Actuaries qualification standards. See Indiana Code 27-1-12.8-14
  • qualified United States financial institution: means an institution that:

    Indiana Code 27-6-9-11

  • Quorum: The number of legislators that must be present to do business.
  • Rate: means the cost of insurance per exposure base unit, prior to any application of individual risk variations based on loss or expense considerations, and does not include minimum premiums. See Indiana Code 27-7-2-2
  • rating period: means the calendar period for which premium rates established by a small employer insurer are assumed to be in effect, as determined by the small employer insurer. See Indiana Code 27-8-15-13
  • rating plan: means the rating schedule or rating plan of an insurer concerning premium rates for motor vehicle insurance that has been filed with the commissioner and is in effect under section 4 of this chapter. See Indiana Code 27-1-22-26
  • RBC: refers to risk based capital. See Indiana Code 27-1-36-16
  • RBC level: means an insurer's:

    Indiana Code 27-1-36-18

  • RBC plan: means a comprehensive financial plan containing the elements specified in section 30 of this chapter. See Indiana Code 27-1-36-19
  • RBC report: means the report required by section 25 of this chapter. See Indiana Code 27-1-36-20
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • rebate: means a discount or other price concession that is:

    Indiana Code 27-1-24.5-16

  • record keeping services: means an insurer's responsibility, under an agreement with a group policy owner, to obtain, maintain, and administer in the insurer's system information concerning each individual insured under a group policy (or a line of coverage under a group policy), including at least the following:

    Indiana Code 27-2-23-10

  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • regulatory action level event: has the meaning set forth in section 35 of this chapter. See Indiana Code 27-1-36-21
  • regulatory action level RBC: means , with respect to an insurer, the product of one and five-tenths (1. See Indiana Code 27-1-36-22
  • reinsurance intermediary: means :

    Indiana Code 27-6-9-6

  • reinsurer: means any person, firm, association, or corporation duly licensed in Indiana pursuant to the applicable provisions of the insurance law as an insurer with the authority to assume reinsurance. See Indiana Code 27-6-9-9
  • Reinsurer: means an insurer that:

    Indiana Code 27-1-2-3

  • Relevant: refers to information having any tendency to make the existence of any fact that is of consequence to the investigation or determination of a fire loss more probable or less probable than it would have been without the evidence. See Indiana Code 27-2-13-1
  • Relevant: means information having any tendency to make the existence of any fact that is of consequence to the investigation or determination of an allegedly fraudulent vehicle theft claim more probable or less probable than it would have been without the evidence. See Indiana Code 27-2-14-1
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • representative: has the meaning set forth in IC § 16-36-1-2. See Indiana Code 27-8-22-3
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • reserves: means reserve liabilities. See Indiana Code 27-1-12.8-15
  • Residents: shall mean and include person, partnership, limited liability company, or corporation, domestic, alien, or foreign. See Indiana Code 27-4-6-2
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • retained asset account: means a mechanism through which the settlement of proceeds payable under a policy occurs by the insurer's deposit of the proceeds into a checking or draft account:

    Indiana Code 27-2-22-6

  • retained asset account: refers to a retained asset account that is issued in Indiana after June 30, 2015. See Indiana Code 27-2-23-10.2
  • revised RBC plan: means the revised RBC plan that an insurer must prepare, with or without the commissioner's recommendation, if the commissioner rejects the insurer's previous RBC plan. See Indiana Code 27-1-36-23
  • risk: means a risk:

    Indiana Code 27-1-12.1-5

  • risk assessment: means the assessment a licensee is required to conduct under section 17 of this chapter. See Indiana Code 27-2-27-14
  • risk retention group: includes a corporation or limited liability association described in subsection (a)(3)(B):

    Indiana Code 27-7-10-11

  • secondary pari-mutuel organization: means an entity that offers advance deposit wagering. See Indiana Code 4-31-7.5-7
  • securities commissioner: refers to the commissioner appointed by the secretary of state under IC § 23-19-6-1(a). See Indiana Code 27-4-9-1
  • self-insurance fund: means a fund established by a consortium to provide money sufficient to:

    Indiana Code 27-1-39-6

  • self-storage facility: means a person that is engaged in the business of providing rented storage space to the public. See Indiana Code 27-1-16.1-4
  • self-storage insurance: means :

    Indiana Code 27-1-16.1-5

  • self-storage rental agreement: means a written agreement containing the terms and conditions governing the use of storage space provided by a self-storage facility. See Indiana Code 27-1-16.1-6
  • Sequester: To separate. Sometimes juries are sequestered from outside influences during their deliberations.
  • service contract: means an agreement:

    Indiana Code 27-1-43.2-7

  • service contract reimbursement policy: means a policy of insurance that provides coverage for one (1) of the following:

    Indiana Code 27-1-43.2-8

  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • shareholder: means one who is a holder of record of shares of stock in a corporation, unless the context otherwise requires. See Indiana Code 27-1-2-3
  • 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

  • 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
  • small employer insurer: means any insurer that offers a health insurance plan covering the employees of a small employer. See Indiana Code 27-8-15-15
  • source market fee: refers to the amount of an advance deposit wager made on any race:

    Indiana Code 4-31-7.5-8

  • SOX compliant entity: means an entity that is required to be compliant, or is voluntarily compliant, with all of the following provisions of the federal Sarbanes-Oxley Act of 2002 (Public Law 107-204):

    Indiana Code 27-1-3.5-3.7

  • standard reference compendium: means any of the following:

    Indiana Code 27-8-20-6

  • state: means any state of the United States or the District of Columbia. See Indiana Code 27-7-10-12
  • Statistical plan: means the plan, system, or arrangement used in collecting data. See Indiana Code 27-7-2-2
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • stranger originated life insurance: means a practice or plan to initiate a life insurance policy for the benefit of a third party investor who, at the time the life insurance policy is originated, has no insurable interest in the insured. See Indiana Code 27-8-19.8-7.8
  • structure: means any dwelling, building, or fixture permanently fixed to real property. See Indiana Code 27-7-9-5
  • Subpoena: A command to a witness to appear and give testimony.
  • Subsidiary insurer: means a domestic insurer, at least ninety percent (90%) of the issued and outstanding voting stock of which is owned by a parent corporation. See Indiana Code 27-3-3-1
  • Summons: Another word for subpoena used by the criminal justice system.
  • supervising entity: means a business entity that:

    Indiana Code 27-1-16.1-7

  • supervising entity: means a business entity that:

    Indiana Code 27-1-15.9-8

  • Supervisory college: means a temporary or permanent forum:

    Indiana Code 27-1-23-1

  • Supplementary rate information: means any manual or plan of rates, classification system, rating schedule, minimum premium, rating rule, rating plan, and any other similar information needed to determine the applicable premium for an insured. See Indiana Code 27-7-2-2
  • Supporting information: means the experience and judgment of the filer and the experience or data of other companies or organizations relied on by the filer, the interpretation of any statistical data relied on by the filer, descriptions of methods used in making the rates, and any other similar information required to be filed by the commissioner. See Indiana Code 27-7-2-2
  • Surplus: means the total of gross paid in and contributed surplus, special surplus funds, and unassigned surplus, less treasury stock at cost. See Indiana Code 27-1-23-1
  • tail risk: means a risk that occurs where:

    Indiana Code 27-1-12.8-16

  • task force: refers to the housing task force established by section 2 of this chapter. See Indiana Code 2-5-50-1
  • task force: refers to the drainage task force established by section 2 of this chapter. See Indiana Code 2-5-51-1
  • Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
  • tenant users liability insurance: means insurance that provides liability coverage for property damage or bodily injury to a third party caused by a vendor, exhibitor, or performer during a special event. See Indiana Code 27-7-16-5
  • termination: means a cancellation or nonrenewal. See Indiana Code 27-7-12-2
  • Testator: A male person who leaves a will at death.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Text: means all printed matter except the following:

    Indiana Code 27-1-26-1

  • third party: means a person other than a:

    Indiana Code 27-1-24.5-17

  • third party service provider: means a person that contracts with a licensee to maintain, process, store, or otherwise is permitted access to nonpublic information through its provision of services to the licensee. See Indiana Code 27-2-27-15
  • to be in violation: means that the reinsurance intermediary, insurer, or reinsurer for whom the reinsurance intermediary was acting failed to substantially comply with the provisions of this chapter. See Indiana Code 27-6-9-10
  • to renew: refers to :

    Indiana Code 27-7-12-2

  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • total adjusted capital: means the sum of:

    Indiana Code 27-1-36-24

  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • travel protection plan: means a plan that provides one (1) or more of the following:

    Indiana Code 27-7-17-13

  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.
  • underlying coverage: refers to any liability insurance policy that names a member of the fund or its officials or employees as a named insured, an additional named insured, an insured, or an additional insured. See Indiana Code 27-1-29.1-6
  • uninsured motorist with a previous violation: means an individual who:

    Indiana Code 27-7-5.1-4

  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • urgent care facility: means a freestanding health care facility that offers episodic, walk-in care for the treatment of acute, but not life threatening, health conditions. See Indiana Code 27-1-46-10.5
  • urgent care situation: means a situation in which a covered individual's treating physician has determined that the covered individual's condition is likely to result in:

    Indiana Code 27-1-37.5-8

  • utilization review: means a system for prospective, concurrent, or retrospective review of the medical necessity and appropriateness of health care services provided or proposed to be provided to a covered individual. See Indiana Code 27-8-17-6
  • utilization review agent: means any entity performing utilization review, except the following:

    Indiana Code 27-8-17-7

  • utilization review determination: means the rendering of a decision based on utilization review that denies or affirms either of the following:

    Indiana Code 27-8-17-8

  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.
  • vendor: means a business entity that directly or indirectly engages in portable electronics transactions. See Indiana Code 27-1-15.9-9
  • Venue: The geographical location in which a case is tried.
  • Verdict: The decision of a petit jury or a judge.
  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
  • viatical settlement broker: means a person that represents a viator and for a fee, commission, or other valuable consideration, solicits, offers, or attempts to negotiate viatical settlements between a viator and one (1) or more viatical settlement providers. See Indiana Code 27-8-19.8-4.5
  • viatical settlement contract: means an agreement for the purchase, sale, assignment, transfer, devise, or bequest of a portion of the death benefit or ownership of a life insurance policy or contract for consideration that is less than the expected death benefit of the life insurance policy or contract. See Indiana Code 27-8-19.8-6
  • viatical settlement provider: means a person, other than a viator, that:

    Indiana Code 27-8-19.8-5

  • viaticated policy: means a life insurance policy or certificate that has been acquired by a viatical settlement provider under a viatical settlement contract. See Indiana Code 27-8-19.8-6.5
  • viator: refers to the owner of a life insurance policy or a certificate holder under a group policy that insures the life of an insured who enters or seeks to enter into a viatical settlement contract. See Indiana Code 27-8-19.8-8
  • virtual claim payment: means a type of electronic funds transfer in which:

    Indiana Code 27-4-10-9

  • Voting security: includes any security convertible into or evidencing a right to acquire a voting security. See Indiana Code 27-1-23-1
  • Voting stock: means shares issued by a domestic insurer, the record holders of which are entitled to vote at each election of directors of the domestic insurer, and securities convertible into or evidencing a right to acquire the shares. See Indiana Code 27-3-3-1
  • warranty: means a guarantee that:

    Indiana Code 27-1-43.2-9

  • woman at risk: means a woman who meets at least one (1) of the following descriptions:

    Indiana Code 27-8-14-5

  • work papers: means the records kept by the independent auditor of the procedures followed, the tests performed, the information obtained, and the conclusions reached by the independent auditor's audit of the financial statements of a domestic insurer. See Indiana Code 27-1-3.5-4
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5