Indiana Code 27-13-14-1. Determination of liabilities
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Sec. 1. When determining its liabilities, a health maintenance organization shall include an amount estimated in the aggregate to provide:
(2) for the payment of all claims for health care expenditures, whether reported or unreported:
(1) for any unearned premium;
Terms Used In Indiana Code 27-13-14-1
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(A) that have been incurred;
(B) that are unpaid; and
(C) for which the organization is or may be liable; and
(3) for the expense of adjustment or settlement of claims described in subdivision (2).
As added by P.L.26-1994, SEC.25.