§ 16-22-3-21 — Insurance

(a) The governing board may contract for
and purchase, for the protection of the hospital, all types of insurance
provided for in the Indiana insurance law in amounts and under terms
and conditions the board considers reasonable and necessary. The
insurance may include liability or malpractice coverage for the
members of the board, the officers, employees, volunteers, and
members of medical staff committees while performing services for the
hospital. The board may, for the purpose of acquiring malpractice
coverage, assist in the formation of a nonassessable mutual insurance
company under IC 27-1-6 and IC 27-1-7-19.
(b) The governing board of a hospital organized or operated under
this article may enter into a group purchasing agreement to purchase
medical malpractice insurance with the following:
(1) One (1) or more hospitals organized or operated under this
article.
(2) One (1) or more hospitals organized or operated under IC 16-23.
[Pre-1993 Recodification Citation: 16-12.1-3-17.]

Legislative History

As added by P.L.2-1993, SEC.5. Amended by P.L.91-2002, SEC.9 and P.L.100-2002, SEC.10.