§ 27-8-5.8-1 — "Accident and sickness insurance policy"

Indiana § 27-8-5.8-1

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 8: LIFE, ACCIDENT, AND HEALTH
• Ch. 5.8: Insurance Benefit Cards

Text

As used in this chapter, "accident and sickness
insurance policy" means an insurance policy that provides at least one
(1) of the types of insurance described in IC 27-1-5-1, Classes 1(b) and
2(a), and is issued on a group basis. The term does not include the
following:
(1) Accident only, credit, dental, vision, Medicare, Medicare
supplement, long term care, or disability income insurance.
(2) Coverage issued as a supplement to liability insurance.
(3) Automobile medical payment insurance.
(4) A specified disease policy.
(5) A limited benefit health insurance policy.
(6) A short term insurance plan that:
(A) may be renewed for the greater of:
(i) thirty-six (36) months; or
(ii) the maximum period permitted under federal law;
(B) has a term of not more than three hundred sixty-four (364)
days; and
(C) has an annual limit of at least two million dollars
($2,000,000).
(7) A policy that provides a stipulated daily, weekly, or monthly
payment to an insured during hospital confinement, without
regard to the actual expense of the confinement.
(8) Worker's compensation or similar insurance.
(9) A student health insurance policy.

Legislative History

As added by P.L.230-2001, SEC.2. Amended by P.L.288-2019, SEC.6.