§ 27-13-2-9 — Prohibited names

Indiana § 27-13-2-9

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 13: HEALTH MAINTENANCE ORGANIZATIONS
• Ch. 2: Establishment of Health Maintenance Organizations

Text

(a) A health maintenance organization
established under this article may not:
(1) use as a part of its corporate name the words "United States",
"Federal", "government", "official", or any word that would imply
that the company is an administrative agency of the state of
Indiana or of the United States, or that it is subject to supervision
of any department other than the department of insurance; or
(2) take or assume a corporate name the same as, or confusingly
similar to, an existing name of any other insurance company or
other entity licensed or regulated under IC 27, unless at the same
time:
(A) the other company changes its corporate name or withdraws
from transacting business in Indiana; and
(B) the written consent of the other company, signed and
verified under oath by its secretary, is filed with the department.
(b) This section does not affect the right of any health maintenance
organization that:
(1) exists under the laws of Indiana as of July 1, 2001;
(2) exists under the laws of Indiana as of July 1, 2001, and
thereafter reorganizes or reincorporates under this article; or
(3) is authorized to transact business in Indiana as of July 1, 2001;
to continue the use of its corporate name.

Legislative History

As added by P.L.203-2001, SEC.17.