Indiana Code 27-1-3.5-6.2. Filing of financial statements by domestic stock insurer
(1) provides coverage under a health plan (as defined in IC 27-1-48-4);
Terms Used In Indiana Code 27-1-3.5-6.2
- Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
- Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
- insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
- person: includes individuals, corporations, associations, and partnerships; personal pronoun includes all genders; the singular includes the plural and the plural includes the singular. See Indiana Code 27-1-2-3
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) is a publicly traded stock corporation.
(b) A domestic stock insurer shall file the following with the department:
(1) Not later than March 1 of each calendar year, the domestic stock insurer’s annual financial statement from the previous calendar year.
(2) Not later than May 15 of each calendar year, the domestic stock insurer’s first quarter financial statement from the current calendar year.
(3) Not later than August 15 of each calendar year, the domestic stock insurer’s second quarter financial statement from the current calendar year.
(4) Not later than November 15 of each calendar year, the domestic stock insurer’s third quarter financial statement from the current calendar year.
(c) The department must post the information filed under subsection (b) on the department’s website on a single and easily accessible web page not later than ten (10) business days after receiving the information.
As added by P.L.190-2023, SEC.12.