Sec. 4. (a) The Indiana long term care insurance partnership program is established.

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Terms Used In Indiana Code 12-15-39.8-4

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • program: means the Indiana long term care insurance partnership program established by section 4(a) of this chapter. See Indiana Code 12-15-39.8-2
     (b) The office of Medicaid policy and planning and the department of insurance shall administer the program in accordance with Section 6021 of the federal Deficit Reduction Act of 2005.

As added by P.L.196-2021, SEC.6.

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