Indiana § 27-13-5-2 Fidelity bond or fidelity insurance

Indiana Statutes

§ 27-13-5-2 — Fidelity bond or fidelity insurance

Indiana·Title 27 INSURANCE·Art. 13 HEALTH MAINTENANCE ORGANIZATIONS·Ch. 5 Fiduciary Responsibilities

A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on the directors, officers, employees, and partners referred to in section 1 of this chapter:

(1)in an amount:

(A)not less than two hundred and fifty thousand dollars ($250,000) for each health maintenance organization; or

(B)not more than five million dollars ($5,000,000) in the aggregate on behalf of all health maintenance organizations owned by a common parent organization; or

(2)in an amount prescribed by the commissioner.

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A health maintenance organization shall
maintain in force a fidelity bond or fidelity insurance on the directors,
officers, employees, and partners referred to in section 1 of this
chapter:
(1) in an amount:
(A) not less than two hundred and fifty thousand dollars
($250,000) for each health maintenance organization; or
(B) not more than five million dollars ($5,000,000) in the
aggregate on behalf of all health maintenance organizations
owned by a common parent organization; or
(2) in an amount prescribed by the commissioner.

Indiana § 27-13-5-2 (Fidelity bond or fidelity insurance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.