Note: This version of section effective until 1-1-2025. See also following version of this section, effective 1-1-2025.
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Terms Used In Indiana Code 27-1-2.3-4
- Contract: A legal written agreement that becomes binding when signed.
- 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
(1) A self-insurance program established under IC 5-10-8-7(b) to provide group coverage.
(2) A prepaid health care delivery plan through which health services are provided under IC 5-10-8-7(c).
(3) A policy of accident and sickness insurance as defined in IC 27-8-5-1, but not including any insurance, plan, or policy set forth in IC 27-8-5-2.5(a).
(4) An individual contract (as defined in IC 27-13-1-21) or a group contract (as defined in IC 27-13-1-16) with a health maintenance organization that provides coverage for basic health care services (as defined in IC 27-13-1-4).
As added by P.L.170-2022, SEC.36.
