§ 27-7-10-25 — Purchasing groups and their insurers; application of Indiana law; exemptions

Indiana § 27-7-10-25

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 7: SPECIAL TYPES OF INSURANCE
• Ch. 10: Risk Retention Groups

Text

A purchasing group and its insurer or
insurers are subject to all applicable Indiana laws, except that a
purchasing group and its insurer or insurers are exempt, in regard to
liability insurance for the purchasing group, from any law that would:
(1) prohibit the establishment of a purchasing group;
(2) make it unlawful for an insurer to provide or offer to provide
insurance on a basis providing, to a purchasing group or its
members, advantages based on their loss and expense experience
not afforded to other persons with respect to rates, policy forms,
coverages, or other matters;
(3) prohibit a purchasing group or its members from purchasing
insurance on a group basis as described in subdivision (2);
(4) prohibit a purchasing group from obtaining insurance on a
group basis because the group has not been in existence for a
minimum period of time or because any member has not belonged
to the group for a minimum period of time;
(5) require that a purchasing group have a minimum number of
members, common ownership or affiliation, or certain legal form;
(6) require that a certain percentage of a purchasing group must
obtain insurance on a group basis; or
(7) otherwise discriminate against a purchasing group or any of its
members.

Legislative History

As added by P.L.162-1988, SEC.2.