§ 27-1-2.2-8 — Acknowledgment that coverage is not considered insurance

Indiana § 27-1-2.2-8

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 2.2: Nonprofit Agricultural Organization Coverage

Text

(a) When an individual applies for health
coverage provided under this chapter, the nonprofit agricultural
organization offering the health coverage shall inform the individual
that the health coverage:
(1) is not considered insurance; and
(2) is not subject to the administrative rules of the department of
insurance.
(b) An individual entering into a contract for health coverage under
this chapter must acknowledge that the coverage:
(1) is not considered insurance; and
(2) is not subject to the administrative rules of the department of
insurance.
(c) The acknowledgment required by subsection (b) must be in a
writing signed by the individual. The nonprofit agricultural
organization shall:
(1) keep a copy of the written acknowledgment for the entire
duration of the contract under which the individual is provided
coverage under this chapter; and
(2) provide a copy of the acknowledgment to the individual at the
individual's request.

Legislative History

As added by P.L.136-2020, SEC.1.