Terms Used In Indiana Code > Title 27 > Article 1 - Department of Insurance

• accident and sickness insurance: means insurance described in Class 1(b), Class 1(c)(2), or Class 2(a) of IC 27-1-5-1. See Indiana Code 27-1-12.8-1
• accredited state: means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established by the NAIC. See Indiana Code 27-1-35-2
• actuary: means a person who is a member in good standing of the American Academy of Actuaries. See Indiana Code 27-1-33-1
• adjusted RBC report: means an RBC report that has been adjusted by the commissioner under section 28 of this chapter. See Indiana Code 27-1-36-2
• 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
• administrator: means the entity that contracts with the department to create, operate, and maintain the data base. See Indiana Code 27-1-44.5-0.2
• administrator: has the meaning in Indiana Code 27-1-44.6-1
• adverse determination: means a denial of a request for benefits on the grounds that the health service or item:

  Indiana Code 27-1-37.5-1.5

• advisory board: means the all payer claims data base advisory board established under Indiana Code 27-1-44.5-0.4
• advisory board: refers to the all payer claims data base advisory board established under section 5 of this chapter. See Indiana Code 27-1-44.6-2
• Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
• affiliate: means a domestic life insurance company that is a wholly owned subsidiary of the parent of a limited purpose subsidiary. See Indiana Code 27-1-12.1-1
• affiliate: means any person who, directly or indirectly through one (1) or more intermediaries, controls, is controlled by, or is under common control with, the person to whom affiliation is attributed. See Indiana Code 27-1-37-0.2
• affiliate: has the meaning set forth in IC 27-1-25-1. See Indiana Code 27-1-37.3-2
• affiliate: means a company that controls, is controlled by, or is under common control with another company. See Indiana Code 27-1-38-1
• affiliated group: means a group of affiliates. See Indiana Code 27-1-15.8-1
• Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
• Agency billed: refers to a system in which an insured pays a premium directly to an insurance agency. See Indiana Code 27-1-2-3
• Allegation: something that someone says happened.
• ambulance service provider: means a person that:

  Indiana Code 27-1-2.3-2

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Amortization: Paying off a loan by regular installments.
• ancillary protection product: includes the following:

  Indiana Code 27-1-43.2-1

• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• annuity contract: as used in this chapter means:

  Indiana Code 27-1-12.5-1

• Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• 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.
• appointed actuary: means a qualified actuary who is appointed to prepare an actuarial opinion required by sections 21 and 22 of this chapter. See Indiana Code 27-1-12.8-2
• Appraisal: A determination of property value.
• armed forces: means the following:

  Indiana Code 27-1-22-26

• arrangement: refers to a multiple employer welfare arrangement. See Indiana Code 27-1-34-1
• articles of incorporation: includes both the original articles of incorporation and any and all amendments thereto, except where the original articles of incorporation only are expressly referred to, and includes articles of merger, consolidation and reinsurance, and in case of corporations, heretofore organized, articles of reorganization filed in the office of the secretary of state, and all amendments thereto. See Indiana Code 27-1-2-3
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
• Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
• audit committee: means a body established by the board of directors of a domestic insurer or group of insurers for the purpose of overseeing:

  Indiana Code 27-1-3.5-0.5

• authorized control level event: has the meaning set forth in section 39 of this chapter. See Indiana Code 27-1-36-3
• authorized control level RBC: means , with respect to an insurer, the number determined under the risk-based capital formula in accordance with the RBC Instructions. See Indiana Code 27-1-36-4
• automated claims adjudication system: means a preprogrammed computer system that:

  Indiana Code 27-1-28-3

• bad-faith filing: as used in this chapter , means a rate filing made by any filer who, in bad faith, files a rate which it knows, or should know, is grossly inadequate for the insurance coverage provided, and which is filed and used for the purpose of unfairly obtaining a particular risk or limited group of risks, and which is available only to such risk or limited group of risks. See Indiana Code 27-1-22-6
• Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Bequest: Property gifted by will.
• capital: means the aggregate amount paid in on the shares of capital stock of a corporation issued and outstanding. See Indiana Code 27-1-2-3
• capital stock: means the aggregate amount of the par value of all shares of capital stock. See Indiana Code 27-1-2-3
• capitated rate reimbursement arrangement: means a fixed amount of money per patient per unit of time paid in advance to the health care provider for the delivery of health care services. See Indiana Code 27-1-37.6-2
• casualty and liability insurance: means the types of insurance described in IC 27-1-5-1, Class 2(h) and 2(l). See Indiana Code 27-1-30-2
• casualty insurance company: has the meaning set forth in IC 27-1-2-3(t). See Indiana Code 27-1-30-3
• casualty insurance company: means any company making the kind or kinds of insurance set out and defined in class 2 of IC 27-1-5-1. See Indiana Code 27-1-2-3
• catastrophe: means an event that is the subject of a declaration by the commissioner and that:

  Indiana Code 27-1-28-4

• certificate: means a document issued to an individual group member as evidence of the group member's coverage under a master group insurance policy. See Indiana Code 27-1-41-1
• certificate of authority: means an instrument in writing issued by the department to an insurer, which sets out the authority of such insurer to engage in the business of insurance or activities connected therewith. See Indiana Code 27-1-2-3
• certificate of insurance: means a document prepared by an insurer or insurance producer as evidence of property or casualty insurance coverage. See Indiana Code 27-1-42-2
• CGAD: means a confidential report filed by an insurer or insurance group under this chapter. See Indiana Code 27-1-4.1-2
• change in fund basis: refers to a valuation basis under which the interest rate used to determine the minimum valuation standard applicable to each change in the fund held under an annuity or a guaranteed interest contract is the calendar year valuation interest rate for the year of the change in the fund. See Indiana Code 27-1-12.8-3
• Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
• Church plan: has the meaning set forth in IC 27-8-10-1. See Indiana Code 27-1-25-1
• clean claim: means a claim for payment for ambulance service:

  Indiana Code 27-1-2.3-2.8

• Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
• clinical peer: means a practitioner or other health care provider who either:

  Indiana Code 27-1-37.5-1.7

• commercial policyholder: means a business, nonprofit, or governmental entity that purchases a policy of commercial insurance through an insurance producer licensed under Indiana Code 27-1-22-2.5
• commission: refers to the Indiana political subdivision risk management commission established by this chapter. See Indiana Code 27-1-29-1
• commission: refers to the Indiana political subdivision risk management commission established by IC 27-1-29-5. See Indiana Code 27-1-29.1-1
• commissioner: refers to the insurance commissioner appointed under IC 27-1-1-2. See Indiana Code 27-1-3.1-1
• commissioner: refers to the insurance commissioner appointed under IC 27-1-1-2. See Indiana Code 27-1-3.5-1
• Commissioner: means the insurance commissioner of this state. See Indiana Code 27-1-23-1
• Commissioner: refers to the insurance commissioner appointed under IC 27-1-1-2. See Indiana Code 27-1-25-1
• Commissioner: refers to the insurance commissioner. See Indiana Code 27-1-26-1
• commissioner: refers to the insurance commissioner appointed under IC 27-1-1-2. See Indiana Code 27-1-33-2
• commissioner: means the insurance commissioner appointed under IC 27-1-1-2. See Indiana Code 27-1-39-1
• commissioner: refers to the insurance commissioner appointed under IC 27-1-1-2. See Indiana Code 27-1-42-3
• Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
• Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• company: means any person engaging in or proposing or attempting to engage in any transaction or kind of insurance or surety business and any person or group of persons who may otherwise be subject to the administrative, regulatory, or taxing authority of the commissioner. See Indiana Code 27-1-3.1-2
• company action level event: has the meaning set forth in section 29 of this chapter. See Indiana Code 27-1-36-5
• company action level RBC: means , with respect to an insurer, the product of two (2) multiplied by the insurer's authorized control level RBC. See Indiana Code 27-1-36-6
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• consortium: refers to a self-insurance consortium established under section 7 of this chapter. See Indiana Code 27-1-39-2
• Continuance: Putting off of a hearing ot trial until a later time.
• Contract: A legal written agreement that becomes binding when signed.
• contract: means a contract or a policy. See Indiana Code 27-1-12.8-6
• contract holder: means :

  Indiana Code 27-1-24.5-0.7

• contractholder behavior: means an action taken by a contract holder, certificate holder, or another person possessing the right to elect options, including:

  Indiana Code 27-1-12.8-7

• contractor: refers to a person with a primary business purpose of entering into health care contracts with providers. See Indiana Code 27-1-37.3-3
• control: means :

  Indiana Code 27-1-15.8-1

• Control: means the direct or indirect possession of the power to direct or cause the direction of the management and policies of a person, whether:

  Indiana Code 27-1-25-1

• controlled: has the meaning set forth in IC 27-1-23-1. See Indiana Code 27-1-35-4
• controlled insurer: means a licensed insurer that is controlled, directly or indirectly, by a producer. See Indiana Code 27-1-35-5
• controlling producer: means a producer that, directly or indirectly, controls an insurer. See Indiana Code 27-1-35-6
• Conviction: A judgement of guilt against a criminal defendant.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• corporation: as used in this chapter and IC 27-1-8, means any company organized or reorganized under the provisions of this article and any company organized or reorganized under the provisions of any statute of this state enacted prior to March 8, 1935. See Indiana Code 27-1-7-1
• corporation: has the meaning set forth in IC 27-1-2-3. See Indiana Code 27-1-7.5-1
• corporation: means an insurance company and includes all persons, partnerships, corporations, associations, orders or societies engaged in or proposing to engage in making any kind of insurance authorized by the laws of this state. See Indiana Code 27-1-2-3
• corrective order: means an order issued by the commissioner that specifies the corrective actions that the commissioner determines are required. See Indiana Code 27-1-36-7
• covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-1-2.3-3
• covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-1-24.5-1
• Covered individual: means an individual who is covered under a benefit program provided by an insurer. See Indiana Code 27-1-25-1
• covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-1-37.3-4
• covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-1-37.4-1
• covered individual: means an individual who is covered under a health plan. See Indiana Code 27-1-37.5-2
• covered individual: means an individual who is entitled to be provided health care services at a cost established according to a network plan. See Indiana Code 27-1-45-1
• covered individual: means an individual who is entitled to be provided health care services according to a health carrier's network plan. See Indiana Code 27-1-46-1
• covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-1-48-1
• covered individual: means an individual who is entitled to health insurance coverage. See Indiana Code 27-1-49-1
• covered individual: means an individual who is entitled to health insurance coverage. See Indiana Code 27-1-50-1
• CPT code: refers to the medical billing code that applies to a specific health care service, as published in the Current Procedural Terminology code set maintained by the American Medical Association. See Indiana Code 27-1-37.5-3
• CPT code: refers to the medical billing code that applies to a specific health care service, as published in the Current Procedural Terminology code set maintained by the American Medical Association. See Indiana Code 27-1-48-2
• customer: means a person who purchases portable electronics. See Indiana Code 27-1-15.9-2
• customer: means a person that obtains the use of storage space from a self-storage facility under the terms of a self-storage rental agreement. See Indiana Code 27-1-16.1-2
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• data base: refers to the all payer claims data base created under this chapter. See Indiana Code 27-1-44.5-1
• data base: refers to the all payer claims data base established under Indiana Code 27-1-44.6-3
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
• defined cost sharing: means a deductible payment or coinsurance amount imposed on a covered individual for a covered prescription drug under the covered individual's health insurance coverage. See Indiana Code 27-1-49-2
• defined cost sharing: means a deductible payment or coinsurance amount imposed on a covered individual for a covered prescription drug under the covered individual's health insurance coverage. See Indiana Code 27-1-50-2
• department: refers to the department of insurance of Indiana. See Indiana Code 27-1-3.1-3
• Department: means the department of insurance created by IC 27-1-1-1. See Indiana Code 27-1-23-1
• Department: refers to the insurance department. See Indiana Code 27-1-26-1
• department: refers to the department of insurance created by IC 27-1-1-1. See Indiana Code 27-1-39-3
• department: refers to the department of insurance created by IC 27-1-1-1. See Indiana Code 27-1-42-4
• Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
• Dependent: A person dependent for support upon another.
• depository institution: means a depository financial institution (as defined in IC 28-9-2-6). See Indiana Code 27-1-38-3
• director: means an individual who is or was a director of a corporation or an individual who, while a director of a corporation, is or was serving at the corporation's request as a director, officer, partner, trustee, employee, or agent of another foreign or domestic corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise, whether for profit or not. See Indiana Code 27-1-7.5-2
• Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
• domestic corporation: means an insurance company organized under the insurance laws of this state. See Indiana Code 27-1-2-3
• domestic insurer: means an insurer organized under the laws of Indiana. See Indiana Code 27-1-3.5-2
• domestic insurer: is a n insurer organized under the laws of this state. See Indiana Code 27-1-23-1
• domestic insurer: means any:

  Indiana Code 27-1-36-8

• downside risk: means the risk borne by health care providers in a situation in which, if the total cost of care exceeds projected or budgeted costs, the health care providers will be responsible for a defined percentage of the amount by which the total cost of care exceeds the projected or budgeted costs. See Indiana Code 27-1-37.6-3
• effective rate of reimbursement: includes the following:

  Indiana Code 27-1-24.5-2

• Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) ^{Source: OCC}
• electronic medical records access agreement: means an agreement between a health plan and health care provider that:

  Indiana Code 27-1-37.6-5

• electronically delivered: includes the following:

  Indiana Code 27-1-43-1

• Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. ^{Source: OCC}
• emergency: means a medical condition that arises suddenly and unexpectedly and manifests itself by acute symptoms of such severity, including severe pain, that the absence of immediate medical attention could reasonably be expected by a prudent lay person who possesses an average knowledge of health and medicine to:

  Indiana Code 27-1-37-1

• emergency services: means services that are:

  Indiana Code 27-1-45-1.5

• employees: as used in this chapter refers to officers, managers, employees, and retired employees of the employer and the individual proprietor or partners if the employer is an individual or partnership. See Indiana Code 27-1-12-34.1
• Enterprise risk: means an activity, circumstance, event, or series of events that involves at least one (1) affiliate of an insurer that, if not remedied promptly, is likely to have a material adverse effect upon the financial condition or liquidity of the insurer or the insurer's insurance holding company system as a whole, including an activity, circumstance, event, or series of events that would cause the:

  Indiana Code 27-1-23-1

• episode of care: means the medical care ordered to be provided for a specific medical procedure, condition, or illness. See Indiana Code 27-1-46-1.5
• equal access and incentives: means that a pharmacy benefit manager allows any willing pharmacy provider to participate as part of any of the pharmacy benefit manager's networks as long as the pharmacy provider agrees to the terms and conditions of the relevant contract applicable to any other pharmacy provider within that network. See Indiana Code 27-1-24.5-3
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• examiner: means any individual or firm authorized by the commissioner to conduct an examination under this chapter. See Indiana Code 27-1-3.1-4
• executive director: means the individual who is responsible for overseeing the operations of the data base as an employee of the department. See Indiana Code 27-1-44.5-1.2
• executive director: has the meaning in Indiana Code 27-1-44.6-4
• Executor: A male person named in a will to carry out the decedent
• expenses: includes counsel fees. See Indiana Code 27-1-7.5-3
• facility: means an institution in which health care services are provided to individuals. See Indiana Code 27-1-45-2
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. ^{Source: OCC}
• Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. ^{Source: OCC}
• Fiduciary: A trustee, executor, or administrator.
• Financial institution: means a bank, savings association, credit union, or any other institution regulated under IC 28 or federal law. See Indiana Code 27-1-25-1
• fire and marine insurance company: means any company making the kind or kinds of insurance set out and defined in class 3 of IC 27-1-5-1. See Indiana Code 27-1-2-3
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• fixed fee schedule: means a total listing of fees used by a health plan to reimburse health care providers or facilities whether:

  Indiana Code 27-1-37.6-6

• Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
  • You are late making a payment or commit some other default, triggering an increase to a penalty rate
  • The bank changes the terms of your account and you do not reject the change.
  • The rate expires (if the rate was fixed for only a certain period of time).
• foreign corporation: means an insurance company organized under the laws of any state of the United States other than this state or under the laws of any territory or insular possession of the United States or the District of Columbia. See Indiana Code 27-1-2-3
• foreign insurer: means the following:

  Indiana Code 27-1-36-9

• Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. ^{Source: OCC}
• fraternal benefit society: refers to a society (as defined in IC 27-11-1-11) that holds a certificate of authority issued under IC 27-11-4 or IC 27-11-8-5. See Indiana Code 27-1-36-9.2
• Fraud: Intentional deception resulting in injury to another.
• fund: refers to the political subdivision risk management fund established by this chapter. See Indiana Code 27-1-29-2
• fund: refers to the political subdivision catastrophic liability fund established by this chapter. See Indiana Code 27-1-29.1-2
• funding agreement: means an agreement that:

  Indiana Code 27-1-12.7-1

• GAAP: refers to consistently applied United States generally accepted accounting principles. See Indiana Code 27-1-25-1
• Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
• generic drug: means a drug product that is identified by the drug's chemical name and that is:

  Indiana Code 27-1-24.5-4

• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• good faith estimate: means a reasonable estimate of the price each provider anticipates charging for an episode of care for nonemergency health care services that:

  Indiana Code 27-1-46-2

• governmental hospital: means an acute care hospital licensed under IC 16-21-2 that is governed by:

  Indiana Code 27-1-47.5-1

• Governmental plan: has the meaning set forth in IC 27-8-10-1. See Indiana Code 27-1-25-1
• Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. ^{Source: Federal Reserve}
• Grantor: The person who establishes a trust and places property into it.
• group: means the following:

  Indiana Code 27-1-41-2

• group administrator: means the officers or directors of a group or any other person legally vested with the responsibility to manage the affairs of a group. See Indiana Code 27-1-41-3
• Group Capital Calculation Instructions: refers to the group capital calculation instructions as adopted by the NAIC and as amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC. See Indiana Code 27-1-23-1
• group insurance policy: means a policy of insurance that provides personal excess liability insurance or personal umbrella liability insurance to participating group members under one (1) master policy:

  Indiana Code 27-1-41-4

• group of insurers: means two (2) or more insurers that are part of an insurance holding company system. See Indiana Code 27-1-3.5-2.6
• Group wide supervisor: means the regulatory official who is:

  Indiana Code 27-1-23-1

• Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• health benefit plan: means coverage for health care services provided under:

  Indiana Code 27-1-37.2-1

• health care contract: means a contract between a person and a provider specifying the rights and responsibilities of the:

  Indiana Code 27-1-37.3-6

• health care provider: means an individual or entity that is:

  Indiana Code 27-1-37.6-7

• health care service: means a health care related service or product rendered or sold by a health care provider within the scope of the health care provider's license or legal authorization, including hospital, medical, surgical, mental health, and substance abuse services or products. See Indiana Code 27-1-37.5-4
• health care service: means a medical or surgical service for the diagnosis, prevention, treatment, cure, or relief of illness, injury, or disease that is measured at the diagnosis and procedure level for an individual health care provider. See Indiana Code 27-1-37.6-8
• health care service: means a health care related service or product rendered or sold by a health care provider within the scope of the health care provider's license or legal authorization, including hospital, medical, surgical, mental health, and substance abuse services or products. See Indiana Code 27-1-48-3
• health care sharing ministry: means a nonprofit organization that:

  Indiana Code 27-1-2.1-1

• health carrier: means an entity:

  Indiana Code 27-1-37-1.5

• health carrier: means an entity:

  Indiana Code 27-1-46-3

• health insurance coverage: includes :

  Indiana Code 27-1-49-3

• health insurance coverage: includes :

  Indiana Code 27-1-50-3

• health insurance educator: refers to the health insurance educator appointed under section 6 of this chapter. See Indiana Code 27-1-37.2-3
• health insurer: means the following:

  Indiana Code 27-1-36-9.3

• health maintenance organization: has the meaning set forth in IC 27-13-1-19. See Indiana Code 27-1-36-9.4
• health maintenance organization: means a person that undertakes to provide or arrange for the delivery of health care services to individuals on a prepaid basis, except for the individual's responsibility for copayments or deductibles. See Indiana Code 27-1-37-2
• health maintenance organization: means a person that undertakes to provide or arrange for the delivery of health care services to individuals on a prepaid basis, except for the individual's responsibility for copayments or deductibles. See Indiana Code 27-1-37.1-1
• health payer: includes the following:

  Indiana Code 27-1-44.5-2

• health plan: means any of the following:

  Indiana Code 27-1-2.3-4

• health plan: means the following:

  Indiana Code 27-1-24.5-5

• health plan: means a plan through which coverage is provided for health care services through insurance, prepayment, reimbursement, or otherwise. See Indiana Code 27-1-37.3-5
• health plan: means any of the following that provides coverage for prescription drugs:

  Indiana Code 27-1-37.4-2

• health plan: means any of the following that provides coverage for health care services:

  Indiana Code 27-1-37.5-5

• health plan: means any of the following:

  Indiana Code 27-1-37.6-9

• health plan: means any of the following that provides coverage for health care services:

  Indiana Code 27-1-48-4

• health plan operator: means the following:

  Indiana Code 27-1-2.3-5

• health provider contract: means an agreement with a provider or a health provider facility relating to terms and conditions of reimbursement for health care services provided to an individual under:

  Indiana Code 27-1-37-3

• health provider contract: means an agreement with a provider relating to terms and conditions of reimbursement for health care services provided to an individual under:

  Indiana Code 27-1-37.1-2

• health provider facility: means any of the following:

  Indiana Code 27-1-37-3.2

• holder: means a person described in section 5 of this chapter that is issued a funding agreement by a life insurance company. See Indiana Code 27-1-12.7-2
• holder: means a person who is entitled to services or indemnification under a service contract. See Indiana Code 27-1-43.2-2
• home state: means the following:

  Indiana Code 27-1-15.8-1

• Home state: means the District of Columbia or any state or territory of the United States in which an administrator is incorporated or maintains the administrator's principal place of business. See Indiana Code 27-1-25-1
• home state: means :

  Indiana Code 27-1-28-5

• hospital system: means :

  Indiana Code 27-1-37-3.5

• in network: when used in reference to a provider, means that the health care services provided by the provider are subject to a health carrier's network plan. See Indiana Code 27-1-46-4
• in network provider: means a provider that is required under a network plan to provide health care services to covered individuals at not more than a preestablished rate or amount of compensation. See Indiana Code 27-1-45-3
• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• independent adjuster: means a person, or an independent contractor or employee of a person, that:

  Indiana Code 27-1-28-6

• independent auditor: means a certified public accountant or a certified public accounting firm that conducts an annual audit of a domestic insurer as required by this chapter. See Indiana Code 27-1-3.5-3
• independent hospital: means a private nonprofit acute care hospital licensed under IC 16-21-2 that meets the following criteria:

  Indiana Code 27-1-47.5-2

• independent pharmacies: means pharmacies that are not a pharmacy benefit manager affiliate. See Indiana Code 27-1-24.5-6
• independent postsecondary educational institution: refers to an independent, degree granting college or university that is:

  Indiana Code 27-1-39-4

• Indiana nonprofit hospital system: means a hospital that:

  Indiana Code 27-1-47.5-3

• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
• insurance group: means insurers and affiliates of an insurance holding company system (as defined in IC 27-1-23-1). See Indiana Code 27-1-4.1-3
• insurance holding company system: has the meaning set forth in IC 27-1-23-1. See Indiana Code 27-1-3.5-3.1
• insurance holding company system: consists of two (2) or more affiliated persons, one (1) or more of which is an insurer. See Indiana Code 27-1-23-1
• Insurance producer: has the meaning set forth in Indiana Code 27-1-25-1
• insurance producer: has the meaning set forth in Indiana Code 27-1-42-5
• insured customer: means a customer who purchases insurance under a portable electronics insurance policy that is issued to a vendor. See Indiana Code 27-1-15.9-3
• insured customer: means a customer that purchases insurance under a self-storage insurance policy that is sold, solicited, or negotiated by a self-storage facility. See Indiana Code 27-1-16.1-3
• insurer: has the meaning set forth in IC 27-1-2-3. See Indiana Code 27-1-3.1-5
• Insurer: means an entity issuing a policy. See Indiana Code 27-1-12.3-1
• Insurer: means :

  Indiana Code 27-1-25-1

• insurer: has the meaning set forth in IC 27-1-25-1(l). See Indiana Code 27-1-25.1-2
• insurer: means a life or health insurance company, fraternal benefit society, prepaid health plan, dental care plan, vision care plan, pharmaceutical plan, health maintenance organization, and all similar type organizations. See Indiana Code 27-1-26-1
• insurer: means any person, firm, association, or corporation duly authorized to act in Indiana as an insurance company pursuant to IC 27-1. See Indiana Code 27-1-33-3
• insurer: means any person, firm, association, or corporation licensed to transact a property/casualty insurance business in Indiana. See Indiana Code 27-1-35-7
• insurer: includes :

  Indiana Code 27-1-36-9.6

• insurer: refers to an insurer (as defined in IC 27-1-2-3) that issues a policy of property or casualty insurance. See Indiana Code 27-1-42-6
• insurer: means an insurer that provides health insurance coverage to a covered individual. See Indiana Code 27-1-49-4
• insurer: means an insurer that provides health insurance coverage to a covered individual. See Indiana Code 27-1-50-4
• insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
• Inter vivos: Transfer of property from one living person to another living person.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• interest rate: means the rate of interest on policy loans, including the rate of interest charged on reinstatement of policy loans for the period during and after any lapse. See Indiana Code 27-1-12.3-1
• internal audit function: means a process that provides independent, objective, and reasonable assurance that is designed to:

  Indiana Code 27-1-3.5-3.2

• internal control over financial reporting: means a process effected by a domestic insurer's board of directors, management, or other personnel that is designed to provide reasonable assurance regarding the reliability of financial statements of the domestic insurer, including the following:

  Indiana Code 27-1-3.5-3.3

• Internal Revenue Code: means the Internal Revenue Code of 1986, as in effect on January 1, 1994. See Indiana Code 27-1-12.4-1
• Internationally active insurance group: means an insurance holding company system that:

  Indiana Code 27-1-23-1

• Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
• IPEP: refers to the Indiana Public Employers' Plan, Inc. See Indiana Code 27-1-45.5-1
• issue year basis: refers to a valuation basis under which the interest rate used to determine the minimum valuation standard for the entire duration of an annuity or a guaranteed interest contract is the calendar year valuation interest rate for the year of issue or year of purchase of the annuity or guaranteed interest contract. See Indiana Code 27-1-12.8-9
• Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
• Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
• Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• liability: means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding. See Indiana Code 27-1-7.5-4
• liability: means an obligation arising from a claim for the payment of money in an amount established under IC 34-13-3 (or Indiana Code 27-1-29-3
• liability: means an obligation arising from:

  Indiana Code 27-1-29.1-3

• Lien: A claim against real or personal property in satisfaction of a debt.
• life insurance: means insurance under a contract that incorporates mortality risk, including annuity and pure endowment contracts. See Indiana Code 27-1-12.8-10
• life insurance company: means a life insurance company authorized to issue a product described in Class 1(c) of IC 27-1-5-1. See Indiana Code 27-1-12.7-3
• life insurance company: means any company making one or more of the kinds of insurance set out and defined in class 1(a) of IC 27-1-5-1. See Indiana Code 27-1-2-3
• life insurer: means an insurer that makes one (1) or more of the types of insurance described in Class 1 of IC 27-1-5-1. See Indiana Code 27-1-36-10
• limited purpose subsidiary: means a subsidiary life insurance company that is organized under this chapter. See Indiana Code 27-1-12.1-2
• limited service health maintenance organization: has the meaning set forth in IC 27-13-34-4. See Indiana Code 27-1-36-9.8
• location: means :

  Indiana Code 27-1-15.9-4

• mandatory control level event: has the meaning set forth in section 41 of this chapter. See Indiana Code 27-1-36-11
• mandatory control level RBC: means , with respect to an insurer, the product of seven-tenths (. See Indiana Code 27-1-36-12
• maximum allowable cost: means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a generic drug. See Indiana Code 27-1-24.5-7
• maximum allowable cost list: means a list of drugs that is used:

  Indiana Code 27-1-24.5-8

• Medicaid audit: refers to the audit required by Indiana Code 27-1-3.7-1
• medical record: means written or printed information possessed by a provider (as defined in IC 16-18-2-295) concerning any diagnosis, treatment, or prognosis of the patient, unless otherwise defined. See Indiana Code 1-1-4-5
• member: refers to any political subdivision that has a membership in the fund, as provided in section 9 of this chapter. See Indiana Code 27-1-29.1-4
• member: means an independent postsecondary educational institution that enters into an agreement under section 7 of this chapter to form a consortium. See Indiana Code 27-1-39-5
• member: means one who holds a contract of insurance or is insured in an insurance company other than a stock corporation. See Indiana Code 27-1-2-3
• MGA: means any person, firm, association, or corporation:

  Indiana Code 27-1-33-4

• minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
• Minority leader: See Floor Leaders
• Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• motor vehicle: has the meaning set forth in IC 9-13-2-105(a). See Indiana Code 27-1-43.2-4
• motor vehicle insurance: means any type of insurance described in IC 27-1-5-1, Class 2(f). See Indiana Code 27-1-22-26
• multiple employer welfare arrangement: means an entity other than a duly admitted insurer that establishes an employee benefit plan for the purpose of offering or providing accident and sickness or death benefits to the employees of at least two (2) employers, including self-employed individuals and their dependents. See Indiana Code 27-1-34-1
• NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-4.1-5
• NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-12.8-11
• NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-23-1
• NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-28-7
• NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-36-13
• NAIC Liquidity Stress Test Framework: refers to a separate NAIC publication that includes:

  Indiana Code 27-1-23-1

• National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}
• negative trend: means , with respect to an insurer, a negative trend over a period of time, as determined in accordance with the trend test calculation included in the RBC instructions. See Indiana Code 27-1-36-14
• network: means a group of provider facilities and practitioners that:

  Indiana Code 27-1-46-5

• network plan: means a plan under which providers are required by contract to provide health care services to covered individuals at not more than a preestablished rate or amount of compensation. See Indiana Code 27-1-45-4
• network plan: means a plan of a health carrier that:

  Indiana Code 27-1-46-6

• Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
• nonadmitted insurance policy or contract: means an insurance policy or contract that is issued by an insurer that is not authorized to transact the business of insurance under the law of the home state. See Indiana Code 27-1-15.8-1
• Noncode statute: means a statute that is not codified as part of the Indiana Code. See Indiana Code 1-1-4-5
• nonemergency health care service: means a discrete service or series of services ordered by a practitioner for an episode of care for the purpose of:

  Indiana Code 27-1-46-7

• nonprofit agricultural organization: means an organization:

  Indiana Code 27-1-2.2-1

• nonprofit agricultural organization coverage: means health benefit coverage that is:

  Indiana Code 27-1-2.2-2

• Nonresident administrator: means a person that applies for or holds a license under section 12. See Indiana Code 27-1-25-1
• Oath: A promise to tell the truth.
• Oath: includes "affirmation" and "to swear" includes to "affirm". See Indiana Code 1-1-4-5
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• official capacity: means :

  Indiana Code 27-1-7.5-5

• organizing domestic life insurance company: refers to a life insurance company that organizes a limited purpose subsidiary under this chapter. See Indiana Code 27-1-12.1-3
• ORSA summary report: means a confidential, high level summary of an insurer or insurance group's ORSA. See Indiana Code 27-1-23.5-7
• Oversight: Committee review of the activities of a Federal agency or program.
• parent: means a person that through at least one (1) intermediary wholly owns a limited purpose subsidiary. See Indiana Code 27-1-12.1-4
• participating provider: refers to the following:

  Indiana Code 27-1-37.5-6

• participating provider: refers to the following:

  Indiana Code 27-1-48-5

• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• party: includes an individual who was, is, or is threatened to be made a named defendant or respondent in a proceeding. See Indiana Code 27-1-7.5-6
• party: means a recipient of a notice or document required as part of an insurance transaction. See Indiana Code 27-1-43-2
• patient service revenue: includes similar terms, including net patient service revenue and patient care service revenue. See Indiana Code 27-1-47.5-3
• pay for performance arrangement: means a reimbursement model that reimburses health care providers for meeting predefined targets as defined in the agreement for quality indicators or efficacy parameters to increase the quality or efficacy of care. See Indiana Code 27-1-37.6-11
• permitted group: means a group of ten (10) or more commercial, business, or not-for-profit entities that have a preexisting relationship to one another through:

  Indiana Code 27-1-30.4-1

• person: means an individual, a corporation, a limited liability company, a partnership, or another legal entity. See Indiana Code 27-1-2.3-7
• person: means any individual, aggregation of individuals, trust, association, partnership, limited liability company, or corporation, or any affiliate of these entities. See Indiana Code 27-1-3.1-7
• person: is a n individual, a corporation, a limited liability company, a partnership, an association, a joint stock company, a trust, an unincorporated organization, any similar entity or any combination of the foregoing acting in concert. See Indiana Code 27-1-23-1
• Person: has the meaning set forth in Indiana Code 27-1-25-1
• person: refers to a person described in IC 27-1-25-1(a)(15). See Indiana Code 27-1-25.1-3
• person: means an individual, an agency, a political subdivision, a partnership, a corporation, an association, or any other entity. See Indiana Code 27-1-37-4
• person: means an individual, an agency, a political subdivision, a partnership, a corporation, an association, or any other entity that enters into a health provider contract with a provider. See Indiana Code 27-1-37.1-3
• person: has the meaning set forth in IC 27-1-2-3. See Indiana Code 27-1-42-7
• person: includes individuals, corporations, associations, and partnerships; personal pronoun includes all genders; the singular includes the plural and the plural includes the singular. See Indiana Code 27-1-2-3
• Personal property: All property that is not real property.
• Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
• pharmacist: means an individual licensed as a pharmacist under IC 25-26. See Indiana Code 27-1-24.5-9
• pharmacist services: means products, goods, and services provided as part of the practice of pharmacy. See Indiana Code 27-1-24.5-10
• pharmacy: means the physical location:

  Indiana Code 27-1-24.5-11

• pharmacy benefit manager: means an entity that, on behalf of a health plan, state agency, insurer, managed care organization, or other third party payor:

  Indiana Code 27-1-24.5-12

• pharmacy benefit manager affiliate: means a pharmacy or pharmacist that directly or indirectly, through one (1) or more intermediaries:

  Indiana Code 27-1-24.5-13

• pharmacy services administrative organization: means an organization that assists independent pharmacies and pharmacy benefit managers or health plans to achieve administrative efficiencies, including contracting and payment efficiencies. See Indiana Code 27-1-24.5-15
• Plaintiff: The person who files the complaint in a civil lawsuit.
• plan sponsor: means an employer or organization that offers health insurance coverage to its employees or members through an insurer. See Indiana Code 27-1-50-5
• plan type: refers to the following:

  Indiana Code 27-1-12.8-12

• Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
• Policy: means :

  Indiana Code 27-1-12.3-1

• policy form: means :

  Indiana Code 27-1-26-1

• Policy loan: means :

  Indiana Code 27-1-12.3-1

• Policyholder: includes the owner of the policy or the person designated to pay premiums as shown on the records of the life insurer. See Indiana Code 27-1-12.3-1
• policyholder: means one who is a holder of a contract of insurance in an insurance company. See Indiana Code 27-1-2-3
• political subdivision: has the meaning set forth in IC 34-6-2-110. See Indiana Code 27-1-29-4
• political subdivision: has the meaning set forth in IC 34-6-2-110. See Indiana Code 27-1-29.1-5
• portable electronics: means electronic devices that are portable in nature. See Indiana Code 27-1-15.9-5
• portable electronics insurance: means insurance that provides coverage for the repair or replacement of portable electronics, including coverage for loss, theft, inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss. See Indiana Code 27-1-15.9-6
• position: means the position of health insurance educator established under section 5 of this chapter. See Indiana Code 27-1-37.2-4
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• practitioner: means the following:

  Indiana Code 27-1-45-5

• practitioner: means :

  Indiana Code 27-1-46-8

• Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
• premium: means money or any other thing of value paid or given in consideration to an insurer, insurance producer, or solicitor on account of or in connection with a contract of insurance and shall include as a part but not in limitation of the above, policy fees, admission fees, membership fees and regular or special assessments and payments made on account of annuities. See Indiana Code 27-1-2-3
• President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
• Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
• price: means the negotiated rate between the:

  Indiana Code 27-1-46-8.5

• prices: means allowables that are paid for patient care services. See Indiana Code 27-1-47.5-4
• principal office: means that office maintained by the corporation in this state, the address of which is required by the provisions of this article to be kept on file in the office of the department. See Indiana Code 27-1-2-3
• principal place of business: means , with respect to determining the home state of an insured, the state where the:

  Indiana Code 27-1-15.8-1

• prior authorization: includes a health plan requirement that a prescription drug be authorized for payment by the health plan before the prescription drug is provided to a particular covered individual. See Indiana Code 27-1-37.4-3
• prior authorization: means a practice implemented by a health plan through which coverage of a health care service is dependent on the covered individual or health care provider obtaining approval from the health plan before the health care service is rendered. See Indiana Code 27-1-37.5-7
• prior authorization: means a practice implemented by a health plan through which coverage of a health care service is dependent on the covered individual or health care provider obtaining approval from the health plan before the health care service is rendered. See Indiana Code 27-1-37.6-12
• prior authorization: means a practice implemented by a health plan through which coverage of a health care service is dependent on the covered individual or health care provider obtaining approval from the health plan before the health care service is rendered. See Indiana Code 27-1-48-6
• Probate: Proving a will
• Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
• proceeding: means any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative and whether formal or informal. See Indiana Code 27-1-7.5-7
• producer: means an insurance broker or brokers or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation. See Indiana Code 27-1-35-8
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• property and casualty insurance: means one (1) or more of the types of insurance described in IC 27-1-5-1, Class 2 and Class 3. See Indiana Code 27-1-30.4-2
• property and casualty insurance: means one (1) or more of the types of insurance described in IC 27-1-5-1, Class 2 and Class 3. See Indiana Code 27-1-44-1
• property and casualty insurer: means an insurer that is authorized to make one (1) or more of the types of insurance described in Class 2 and Class 3 of IC 27-1-5-1. See Indiana Code 27-1-36-15
• property or casualty insurance: means one (1) or more of the kinds of insurance described in Class 2 and Class 3 of IC 27-1-5-1. See Indiana Code 27-1-42-8
• Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
• provider: means an individual or entity licensed or legally authorized to provide health care services. See Indiana Code 27-1-37-5
• provider: means :

  Indiana Code 27-1-37.1-4

• provider: means a person who is contractually obligated to a holder under a service contract. See Indiana Code 27-1-43.2-5
• provider: means :

  Indiana Code 27-1-45-6

• provider: means :

  Indiana Code 27-1-46-9

• provider facility: means any of the following:

  Indiana Code 27-1-46-10

• provider organization: means an entity that serves beneficiaries on a risk basis through a network of employed or affiliated providers. See Indiana Code 27-1-37.6-13
• Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
• Published monthly average: means :

  Indiana Code 27-1-12.3-1

• qualified actuary: means an individual who is qualified to sign the applicable statement of actuarial opinion in accordance with the American Academy of Actuaries qualification standards. See Indiana Code 27-1-12.8-14
• Quorum: The number of legislators that must be present to do business.
• rating plan: means the rating schedule or rating plan of an insurer concerning premium rates for motor vehicle insurance that has been filed with the commissioner and is in effect under section 4 of this chapter. See Indiana Code 27-1-22-26
• RBC: refers to risk based capital. See Indiana Code 27-1-36-16
• RBC level: means an insurer's:

  Indiana Code 27-1-36-18

• RBC plan: means a comprehensive financial plan containing the elements specified in section 30 of this chapter. See Indiana Code 27-1-36-19
• RBC report: means the report required by section 25 of this chapter. See Indiana Code 27-1-36-20
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
• rebate: means a discount or other price concession that is:

  Indiana Code 27-1-24.5-16

• rebate: means :

  Indiana Code 27-1-49-6

• rebate: means :

  Indiana Code 27-1-50-7

• Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. ^{Source: FDIC}
• regulatory action level event: has the meaning set forth in section 35 of this chapter. See Indiana Code 27-1-36-21
• regulatory action level RBC: means , with respect to an insurer, the product of one and five-tenths (1. See Indiana Code 27-1-36-22
• Reinsurer: means an insurer that:

  Indiana Code 27-1-2-3

• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• reserves: means reserve liabilities. See Indiana Code 27-1-12.8-15
• Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
• revised RBC plan: means the revised RBC plan that an insurer must prepare, with or without the commissioner's recommendation, if the commissioner rejects the insurer's previous RBC plan. See Indiana Code 27-1-36-23
• risk: means a risk:

  Indiana Code 27-1-12.1-5

• self-insurance fund: means a fund established by a consortium to provide money sufficient to:

  Indiana Code 27-1-39-6

• self-storage facility: means a person that is engaged in the business of providing rented storage space to the public. See Indiana Code 27-1-16.1-4
• self-storage insurance: means :

  Indiana Code 27-1-16.1-5

• self-storage rental agreement: means a written agreement containing the terms and conditions governing the use of storage space provided by a self-storage facility. See Indiana Code 27-1-16.1-6
• Sequester: To separate. Sometimes juries are sequestered from outside influences during their deliberations.
• service contract: means an agreement:

  Indiana Code 27-1-43.2-7

• service contract reimbursement policy: means a policy of insurance that provides coverage for one (1) of the following:

  Indiana Code 27-1-43.2-8

• Service of process: The service of writs or summonses to the appropriate party.
• 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.
• shareholder: means one who is a holder of record of shares of stock in a corporation, unless the context otherwise requires. See Indiana Code 27-1-2-3
• SOX compliant entity: means an entity that is required to be compliant, or is voluntarily compliant, with all of the following provisions of the federal Sarbanes-Oxley Act of 2002 (Public Law 107-204):

  Indiana Code 27-1-3.5-3.7

• state employee health plan: means either of the following:

  Indiana Code 27-1-2.3-7.5

• state employee health plan: refers to the following plans that provide coverage for prescription drugs:

  Indiana Code 27-1-3.7-2

• Statute: A law passed by a legislature.
• Subpoena: A command to a witness to appear and give testimony.
• supervising entity: means a business entity that:

  Indiana Code 27-1-15.9-8

• supervising entity: means a business entity that:

  Indiana Code 27-1-16.1-7

• Supervisory college: means a temporary or permanent forum:

  Indiana Code 27-1-23-1

• Surplus: means the total of gross paid in and contributed surplus, special surplus funds, and unassigned surplus, less treasury stock at cost. See Indiana Code 27-1-23-1
• tail risk: means a risk that occurs where:

  Indiana Code 27-1-12.8-16

• Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
• Testator: A male person who leaves a will at death.
• Testify: Answer questions in court.
• Testimony: Evidence presented orally by witnesses during trials or before grand juries.
• Text: means all printed matter except the following:

  Indiana Code 27-1-26-1

• third party: means a person other than a:

  Indiana Code 27-1-24.5-17

• Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
• total adjusted capital: means the sum of:

  Indiana Code 27-1-36-24

• Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
• Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}
• Trustee: A person or institution holding and administering property in trust.
• trusteed surplus: means the aggregate value of a United States branch's:

  Indiana Code 27-1-40-1

• underlying coverage: refers to any liability insurance policy that names a member of the fund or its officials or employees as a named insured, an additional named insured, an insured, or an additional insured. See Indiana Code 27-1-29.1-6
• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
• United States branch: means :

  Indiana Code 27-1-40-2

• urgent care facility: means a freestanding health care facility that offers episodic, walk-in care for the treatment of acute, but not life threatening, health conditions. See Indiana Code 27-1-46-10.5
• urgent care situation: means a situation in which a covered individual's treating physician has determined that the covered individual's condition is likely to result in:

  Indiana Code 27-1-37.5-8

• Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.
• vendor: means a business entity that directly or indirectly engages in portable electronics transactions. See Indiana Code 27-1-15.9-9
• Venue: The geographical location in which a case is tried.
• Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
• veteran: includes "Hoosier veteran" and applies to the construction of all Indiana statutes, unless the construction is expressly excluded by the terms of the statute, is plainly repugnant to the intent of the general assembly or of the context of the statute, or is inconsistent with federal law. See Indiana Code 1-1-4-5
• Voting security: includes any security convertible into or evidencing a right to acquire a voting security. See Indiana Code 27-1-23-1
• warranty: means a guarantee that:

  Indiana Code 27-1-43.2-9

• work papers: means the records kept by the independent auditor of the procedures followed, the tests performed, the information obtained, and the conclusions reached by the independent auditor's audit of the financial statements of a domestic insurer. See Indiana Code 27-1-3.5-4
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5