Sec. 8. (a) A reinsurer may not issue a policy of insurance to a multiple employer welfare arrangement that does not have a certificate of registration from the department.
(b) An insurance producer licensed by the department may not solicit, offer, or provide coverage through a multiple employer welfare arrangement that does not have a certificate of registration from the department.
(c) A reinsurer or insurance producer who knows or reasonably should have known that the arrangement does not have a current certificate of registration is liable for any claims for benefits that are due and unpaid.
As added by P.L.1-1992, SEC.149. Amended by P.L.178-2003, SEC.30.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 34. Multiple Employer Welfare Arrangements
27-1-34-1. "Multiple Employer Welfare Arrangement"
27-1-34-1.5. Interlocal Cooperation Agreements
27-1-34-2. Certificate of Registration
27-1-34-3. Benefits Under an Employee Benefit Plan
27-1-34-5. Application of Insurance Law
27-1-34-6. Examination of Arrangements; Revocation or Suspension of Certificate of Registration
27-1-34-7. Insolvency; Notification of Department
27-1-34-8. Reinsurers and Insurance Producers; Multiple Employer Welfare Arrangement