Indiana Statutes
§ 27-17-7-3 — Noncompliance; notification; payment; suspension of registration
(a)The department shall notify a discount
medical card program organization that is not in compliance with this
chapter.
(b)A discount medical card program organization that fails to file
an annual report as required under this chapter shall pay to the
department for deposit in the department of insurance fund established
by IC 27-1-3-28:
(1)five hundred dollars ($500) per day for the first ten (10) days
of noncompliance; and
(2)one thousand dollars ($1,000) per day for the eleventh day and
each subsequent day of noncompliance.
(c)Upon receiving notice under subsection (a), a discount medical
card program organization's registration is suspended until the
commissioner determines that the discount medical card program
organization is in compliance with this chapter.
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Legislative History
As added by P.L.73-2006, SEC.3.
Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"