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Indiana Code Title 27. Insurance § 27-13-34-9

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 9. (a) After receiving an application filed under section 8 of this chapter, the commissioner shall review the application and notify the applicant of any deficiencies in the application.

(b) The commissioner shall issue a certificate of authority to an applicant if the following conditions are met:

(1) The requirements of section 8 of this chapter have been fulfilled.

(2) The individuals responsible for conducting the affairs of the applicant are competent, trustworthy, possess good reputations, and have had appropriate experience, training, or education.

(3) The applicant is financially responsible and may reasonably be expected to meet its obligations to enrollees and to prospective enrollees.  In making this determination, the commissioner may consider:

(A) the financial soundness of the arrangements of the applicant for limited health services;

(B) the adequacy of the applicant's working capital, other sources of funding, and provisions for contingencies;

(C) any agreement for paying the cost of the limited health services or for alternative coverage in the event of insolvency of the limited service health maintenance organization;  and

(D) the manner in which the requirements of sections 16 and 17 of this chapter have been fulfilled.

(4) The agreements with providers for the provision of limited health services contain the provisions required by section 15 of this chapter.

(5) Any deficiencies identified by the commissioner have been corrected.

(c) If an application for a certificate of authority is denied, the commissioner shall notify the applicant and shall specify in the notice the reasons for the denial of the application.  Within thirty (30) days after receiving the notice, the applicant may request a hearing before the commissioner under IC 4-21.5.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-13-34-9 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-13-34-9/

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