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Indiana Code Title 27. Insurance § 27-8-5.8-1

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

Sec. 1. As used in this chapter, “accident and sickness insurance policy” means an insurance policy that provides at least one (1) of the types of insurance described in IC 27-1-5-1, Classes 1(b) and 2(a), and is issued on a group basis.  The term does not include the following:

(1) Accident only, credit, dental, vision, Medicare, Medicare supplement, long term care, or disability income insurance.

(2) Coverage issued as a supplement to liability insurance.

(3) Automobile medical payment insurance.

(4) A specified disease policy.

(5) A limited benefit health insurance policy.

(6) A short term insurance plan that:

(A) may be renewed for the greater of:

(i) thirty-six (36) months;  or

(ii) the maximum period permitted under federal law;

(B) has a term of not more than three hundred sixty-four (364) days;  and

(C) has an annual limit of at least two million dollars ($2,000,000).

(7) A policy that provides a stipulated daily, weekly, or monthly payment to an insured during hospital confinement, without regard to the actual expense of the confinement.

(8) Worker's compensation or similar insurance.

(9) A student health insurance policy.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-8-5.8-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-8-5-8-1/

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