Indiana § 27-8-5-15.7 Exemption of policies or contracts from laws resulting in certain annual
premium increases

Indiana Statutes

§ 27-8-5-15.7 — Exemption of policies or contracts from laws resulting in certain annual premium increases

Indiana § 27-8-5-15.7

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 5Accident and Sickness Insurance─Policy Provisions

This text of Indiana § 27-8-5-15.7 (Exemption of policies or contracts from laws resulting in certain annual premium increases) 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 § 27-8-5-15.7 (2026).

Text

7.

(a)The department shall exempt a policy or contract issued by an insurer or health maintenance organization under IC 5-10-8-9, section 15.6 of this chapter, or IC 27-13-7-14.8 by documenting to the department that compliance with the requirements of IC 5-10-8-9(c), section 15.6(d) of this chapter, or IC 27-13-7-14.8(d) have increased the annual premium or rates charged for the policy or health maintenance organization contract by more than four percent (4%) per year. An insurer or a health maintenance organization that applies for an exemption under this section shall provide documentation that is certified by an independent member of the American Academy of Actuaries of actual mental health claims incurred for a period of not less than six (6) months to substantiate the insurer's or h

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7. (a) The department shall exempt a policy
or contract issued by an insurer or health maintenance organization
under IC 5-10-8-9, section 15.6 of this chapter, or IC 27-13-7-14.8 by
documenting to the department that compliance with the requirements
of IC 5-10-8-9(c), section 15.6(d) of this chapter, or IC 27-13-7-14.8(d)
have increased the annual premium or rates charged for the policy or
health maintenance organization contract by more than four percent
(4%) per year. An insurer or a health maintenance organization that
applies for an exemption under this section shall provide
documentation that is certified by an independent member of the
American Academy of Actuaries of actual mental health claims
incurred for a period of not less than six (6) months to substantiate the
insurer's or health maintenance organization's assertion of increased
claims and administrative costs by more than four percent (4%) per
year.
(b) Documents submitted under this section must be available for
public inspection.