§ 27-1-20-36 — Health insurer withdrawal from individual market

Indiana § 27-1-20-36

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 20: Additional Provisions Pertaining to All Insurance

Text

(a) As used in this section, "health
insurance" means the kind of coverage provided under a health
insurance plan.
(b) As used in this section, "health insurance plan" means any of the
following:
(1) An individual policy of accident and sickness insurance (as
defined in IC 27-8-5-1). However, the term does not include the
coverages described in IC 27-8-5-2.5(a).
(2) An individual contract (as defined in IC 27-13-1-21).
(c) As used in this section, "insurer" is limited to a person that
enters into, issues, or delivers a health insurance plan on an individual
basis in Indiana.
(d) An insurer shall, at least one hundred eighty (180) days before
withdrawing from the individual health insurance market in Indiana,
provide to the department written notice of the insurer's intent to
withdraw.

Legislative History

As added by P.L.81-2012, SEC.9.