§ 27-1-36-1 — Exemption from applicability of chapter

Indiana § 27-1-36-1

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 36: Risk Based Capital Requirements

Text

The commissioner may exempt from the
application of this chapter:
(1) A domestic property and casualty insurer that:
(A) writes direct business only in Indiana;
(B) receives annual premiums from direct business written of
not more than two million dollars ($2,000,000); and
(C) assumes no reinsurance in excess of five percent (5%) of
direct business written.
(2) A health maintenance organization that:
(A) operates only in Indiana; and
(B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000).
(3) A limited service health maintenance organization that:
(A) operates only in Indiana;
(B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000);
and
(C) covers not more than two thousand (2,000) enrollees.

Legislative History

As added by P.L.186-1996, SEC.1. Amended by P.L.51-2002, SEC.1.