Indiana § 27-13-13-7 Return of deposit

Indiana Statutes

§ 27-13-13-7 — Return of deposit

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

If:

(1)a health maintenance organization ceases operation for reasons other than:

(A)insolvency; or

(B)receivership;

(2)the organization is not a debtor in any pending bankruptcy proceeding;

(3)the health maintenance organization submits a request in writing to the commissioner for the return of the deposit made by the organization; and

(4)the health maintenance organization has furnished the commissioner with written proof that all claims liabilities of the health maintenance organization have been paid; the commissioner shall return all or a part of the deposit to the health maintenance organization not more than thirty (30) days after the commissioner receives written proof from the organization under subdivision (4).

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If:
(1) a health maintenance organization ceases operation for
reasons other than:
(A) insolvency; or
(B) receivership;
(2) the organization is not a debtor in any pending bankruptcy
proceeding;
(3) the health maintenance organization submits a request in
writing to the commissioner for the return of the deposit made by
the organization; and
(4) the health maintenance organization has furnished the
commissioner with written proof that all claims liabilities of the
health maintenance organization have been paid;
the commissioner shall return all or a part of the deposit to the health
maintenance organization not more than thirty (30) days after the
commissioner receives written proof from the organization under
subdivision (4).

Indiana § 27-13-13-7 (Return of deposit) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.