Indiana § 27-2-23-10 "Record keeping services"

Indiana Statutes

§ 27-2-23-10 — "Record keeping services"

Indiana·Title 27 INSURANCE·Art. 2 POWERS AND DUTIES OF INSURERS·Ch. 23 Unclaimed Life Insurance Benefits

As used in this chapter, "record keeping services" means an insurer's responsibility, under an agreement with a group policy owner, to obtain, maintain, and administer in the insurer's system information concerning each individual insured under a group policy (or a line of coverage under a group policy), including at least the following:

(1)The individual's Social Security number and date of birth or name and date of birth.

(2)The individual's beneficiary designation information.

(3)The individual's eligibility for coverage.

(4)The individual's benefit amount.

(5)The individual's premium payment status.

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As used in this chapter, "record keeping
services" means an insurer's responsibility, under an agreement with a
group policy owner, to obtain, maintain, and administer in the insurer's
system information concerning each individual insured under a group
policy (or a line of coverage under a group policy), including at least
the following:
(1) The individual's Social Security number and date of birth or
name and date of birth.
(2) The individual's beneficiary designation information.
(3) The individual's eligibility for coverage.
(4) The individual's benefit amount.
(5) The individual's premium payment status.

Indiana § 27-2-23-10 ("Record keeping services") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.