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

Indiana Statutes

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

Indiana § 27-17-9-2

Title 27INSURANCE

Art. 17DISCOUNT MEDICAL CARD PROGRAM

Ch. 9Financial Requirements

This text of Indiana § 27-17-9-2 (Surety bond requirements) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-17-9-2 (2026).

Text

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.