Indiana § 27-17-9-2 Surety bond requirements

Indiana Statutes

§ 27-17-9-2 — Surety bond requirements

Indiana·Title 27 INSURANCE·Art. 17 DISCOUNT MEDICAL CARD PROGRAM·Ch. 9 Financial Requirements

Except as provided in section 3 of this chapter, a discount medical card program organization shall maintain in force a surety bond issued:

(1)by an insurer granted a certificate of authority under this title;

(2)in the discount medical card organization's name; and

(3)in an amount equal to at least thirty-five thousand dollars ($35,000); for the commissioner's use in protecting the financial interest of a cardholder who may be adversely affected by the insolvency of the discount medical card program organization.

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Except as provided in section 3 of this chapter,
a discount medical card program organization shall maintain in force
a surety bond issued:
(1) by an insurer granted a certificate of authority under this title;
(2) in the discount medical card organization's name; and
(3) in an amount equal to at least thirty-five thousand dollars
($35,000);
for the commissioner's use in protecting the financial interest of a
cardholder who may be adversely affected by the insolvency of the
discount medical card program organization.

Indiana § 27-17-9-2 (Surety bond requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.