Indiana § 27-8-8-16.2 Premium surcharge or assignment in lieu of credit

Indiana Statutes

§ 27-8-8-16.2 — Premium surcharge or assignment in lieu of credit

Indiana § 27-8-8-16.2

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 8Indiana Life and Health Insurance Guaranty Association

This text of Indiana § 27-8-8-16.2 (Premium surcharge or assignment in lieu of credit) 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 § 27-8-8-16.2 (2026).

Text

2.

(a)A member insurer that is not eligible to take a credit under section 16 of this chapter may, after approval by the commissioner, place a surcharge on the member insurer's premiums in a sum reasonably calculated to recoup the member insurer's assessments over a reasonable period, as approved by the commissioner.

(b)Any amount recouped under subsection (a) is not considered to be a premium for any other purpose, including computation of gross premium tax, medical loss ratio, or insurance producer commission.

(c)In lieu of the surcharge allowed by subsection (a), a member insurer that is not eligible to take a credit under section 16 of this chapter may assign the credit to the member insurer's affiliate (as defined in IC 27-1-23-1(b)).

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2. (a) A member insurer that is not eligible
to take a credit under section 16 of this chapter may, after approval by
the commissioner, place a surcharge on the member insurer's premiums
in a sum reasonably calculated to recoup the member insurer's
assessments over a reasonable period, as approved by the
commissioner.
(b) Any amount recouped under subsection (a) is not considered to
be a premium for any other purpose, including computation of gross
premium tax, medical loss ratio, or insurance producer commission.
(c) In lieu of the surcharge allowed by subsection (a), a member
insurer that is not eligible to take a credit under section 16 of this
chapter may assign the credit to the member insurer's affiliate (as
defined in IC 27-1-23-1(b)).