Sec. 5. (a) A deposit made by a health maintenance organization under this chapter must be used to protect the interest of the enrollees of the health maintenance organization.
(b) The commissioner may use the deposit for administrative costs that are attributable to a receivership of the health maintenance organization.
(c) If the health maintenance organization is placed in receivership, the deposit made by the organization must be treated as an asset of the organization subject to IC 27-9.
As added by P.L.26-1994, SEC.25. Amended by P.L.208-2018, SEC.28.
Structure Indiana Code
Article 13. Health Maintenance Organizations
Chapter 13. Protection Against Insolvency; Deposit Requirements
27-13-13-1. Items Deposited; Minimum Value
27-13-13-3. Deposits Considered Admitted Asset
27-13-13-4. Income From Deposits; Replacing Deposits
27-13-13-6. Reduction or Elimination of Deposit Requirements for Foreign Corporations