IC 27-1-36-1 — Exemption from applicability of chapter
Chapter 36. Risk Based Capital Requirements
Section text
Sec. 1. The commissioner may exempt from the application of this chapter: (1) A domestic property and casualty insurer that: (A) writes direct business only in Indiana; (B) receives annual premiums from direct business written of not more than two million dollars ($2,000,000); and (C) assumes no reinsurance in excess of five percent (5%) of direct business written. (2) A health maintenance organization that: (A) operates only in Indiana; and (B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000). (3) A limited service health maintenance organization that: (A) operates only in Indiana; (B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000); and (C) covers not more than two thousand (2,000) enrollees.
As added by P.L.186-1996, SEC.1. Amended by P.L.51-2002, SEC.1.
Source: official publisher (2026 edition)