Sec. 20. (a) A small employer insurer may cease to renew all small employer plans.

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Terms Used In Indiana Code 27-8-15-20

  • commissioner: refers to the commissioner of the department of insurance. See Indiana Code 27-8-15-7
  • insurer: means any person who provides health insurance in Indiana. See Indiana Code 27-8-15-10
  • small employer: means any person, firm, corporation, limited liability company, partnership, or association actively engaged in business who, on at least fifty percent (50%) of the working days of the employer during the preceding calendar year, employed at least two (2) but not more than fifty (50) eligible employees, the majority of whom work in Indiana. See Indiana Code 27-8-15-14
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) The insurer shall provide notice to all affected health insurance plans and to the commissioner at least one (1) year before termination of coverage unless the coverage is placed with another insurer.

As added by P.L.127-1992, SEC.1.