Introduced Version






HOUSE BILL No. 1284

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 27-1-5-5.

Synopsis: Group insurance. Allows certain kinds of insurance to be provided on a group basis in certain circumstances.

Effective: July 1, 2008.





Fry




    January 15, 2008, read first time and referred to Committee on Insurance.







Introduced

Second Regular Session 115th General Assembly (2008)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
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HOUSE BILL No. 1284



    A BILL FOR AN ACT to amend the Indiana Code concerning insurance.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 27-1-5-5; (08)IN1284.1.1. -->     SECTION 1. IC 27-1-5-5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2008]: Sec. 5. (a) Except as provided in subsection (b), an insurer may issue a policy on a group basis to provide any kind of insurance described in Class 2 or Class 3 of section 1 of this chapter if:
        (1) the policy provides individual coverage under a certificate of insurance issued to each member of the group;
        (2) the policyholder has a direct contractual relationship with each certificate holder; and
        (3) the insurance coverage provided under the policy protects the policyholder and each certificate holder.
    (b) If another provision of state law:
        (1) specifies requirements for issuance of an insurance policy on a group basis; and
        (2) conflicts with subsection (a);
the other provision is controlling.