Indiana § 27-13-13-6 Reduction or elimination of deposit requirements for foreign
corporations

Indiana Statutes

§ 27-13-13-6 — Reduction or elimination of deposit requirements for foreign corporations

Indiana·Title 27 INSURANCE·Art. 13 HEALTH MAINTENANCE ORGANIZATIONS·Ch. 13 Protection Against Insolvency; Deposit Requirements

The commissioner may reduce or eliminate the requirement of a deposit under this chapter for a health maintenance organization that is a foreign corporation as defined in IC 27-1-2-3 if:

(1)the organization makes a deposit that meets the requirements of section 1 of this chapter with the treasurer of state, insurance commissioner, or other official body of the state or jurisdiction in which the organization is domiciled for the protection of all subscribers and enrollees of the health maintenance organization; and

(2)the organization delivers to the commissioner a certificate, duly authenticated by the appropriate state official holding the deposit, that the requirements of this section have been met.

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The commissioner may reduce or eliminate
the requirement of a deposit under this chapter for a health
maintenance organization that is a foreign corporation as defined in IC 27-1-2-3 if:
(1) the organization makes a deposit that meets the requirements
of section 1 of this chapter with the treasurer of state, insurance
commissioner, or other official body of the state or jurisdiction in
which the organization is domiciled for the protection of all
subscribers and enrollees of the health maintenance organization;
and
(2) the organization delivers to the commissioner a certificate,
duly authenticated by the appropriate state official holding the
deposit, that the requirements of this section have been met.

Indiana § 27-13-13-6 (Reduction or elimination of deposit requirements for foreign corporations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.