Indiana Code 27-1-25-3. Presumptions as to payment of premiums and claims
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Sec. 3. (a) If an insurer utilizes the services of an administrator:
(2) claims or return premiums paid by the insurer to the administrator are not considered to have been paid to the covered individual or claimant until the payment is received by the covered individual or claimant.
(1) premiums or charges for coverage paid by or on behalf of the covered individual are considered to have been received by the insurer when paid to the administrator; and
Terms Used In Indiana Code 27-1-25-3
- Administrator: means a person who directly or indirectly and on behalf of an insurer underwrites, collects charges or premiums from, or adjusts or settles claims on residents of Indiana in connection with life, annuity, or health coverage offered or provided by an insurer. See Indiana Code 27-1-25-1
- Covered individual: means an individual who is covered under a benefit program provided by an insurer. See Indiana Code 27-1-25-1
- Insurer: means :
Indiana Code 27-1-25-1
(b) This section does not limit the rights of an insurer against an administrator resulting from the failure of the administrator to make payments to the insurer, covered individuals, or claimants.
As added by Acts 1980, P.L.168, SEC.2. Amended by P.L.26-1991, SEC.19; P.L.160-2003, SEC.6.