Indiana Code 27-1-25-7. Payment of claims
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Sec. 7. All claims paid by an administrator from funds collected on behalf of an insurer shall be paid:
(2) via electronic payment;
(1) by draft or check; or
Terms Used In Indiana Code 27-1-25-7
- 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
- Insurer: means :
Indiana Code 27-1-25-1
as authorized by the insurer.
As added by Acts 1980, P.L.168, SEC.2. Amended by Acts 1982, P.L.165, SEC.5; P.L.160-2003, SEC.11; P.L.130-2020, SEC.5.