Sec. 2. (a) The department may assess a third party administrator, an insurer, or a health maintenance organization that violates section 1 of this chapter a fine of one thousand dollars ($1,000) per day for which the claims data is provided after the time frame set forth in section 1 of this chapter. A fine collected under this section shall be deposited into the payer affordability penalty fund established by IC 12-15-1-18.5.

lawyer at desk

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 27-2-25.5-2

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
     (b) A person described in this section may appeal a fine assessed under this section in the manner prescribed by the department.

As added by P.L.203-2023, SEC.22.

  Previous section
Next section  
 Chapter 25.5 Contents