§ 27-4-1-19 — Annual report of consumer complaints

Indiana § 27-4-1-19

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 4: UNFAIR COMPETITION; UNAUTHORIZED
• Ch. 1: Unfair Competition; Unfair or Deceptive Acts and

Text

(a) The commissioner shall, on an annual
basis and in a manner determined by the commissioner, publish figures
and produce a report containing the following information:
(1) The ratio of valid consumer complaints lodged against each
company weighted by the direct premiums earned in Indiana by
each company.
(2) A separate listing of any company determined by the
commissioner to have committed a practice that is designated an
unfair claim settlement practice under section 4.5 of this chapter
if the practice is committed flagrantly and in conscious disregard
of section 4.5 of this chapter or if the practice is committed with
a frequency that indicates a general business practice.
(3) Any enforcement action taken by the commissioner as a result
of a practice described in subdivision (2).
(b) The commissioner shall provide a copy of the report required
under subsection (a) to the house of representatives and senate
committees of the general assembly that are assigned responsibility for
insurance issues.

Legislative History

As added by P.L.121-1990, SEC.6 and P.L.149-1990, SEC.4. Amended by P.L.203-2001, SEC.9.