Indiana Code
Chapter 2. Worker's Compensation
27-7-2-28.1. Assigned Risk Plan; Administration; Filing; Approval; Modification or Elimination by General Assembly

Sec. 28.1. (a) The assigned risk plan is established.
(b) The bureau shall administer the assigned risk plan with the commissioner's approval.
(c) All companies authorized to write worker's compensation insurance shall participate in the assigned risk plan providing for the equitable apportionment among them of insurance that may be afforded to applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods. The bureau shall file, at least thirty (30) days before their effective date, the plan of operation, rates, rating plans, rules, policy forms, and any future modifications thereof, with the commissioner for approval. Such rates shall reflect experience in the assigned risk plan to the extent it is actuarially appropriate. The rates must reflect the varied categories of rejected risks covered by the assigned risk plan and must include at least two (2) rating plans, one (1) of which may not exceed the recommended minimum premiums and rates filed by the bureau under section 4 of this chapter.
(d) The commissioner shall disapprove any filing that does not meet the requirements of section 20.1 of this chapter. A filing shall be deemed to meet such requirements unless disapproved by the commissioner within thirty (30) days after the filing is made. In disapproving a filing made under this section, the commissioner shall have the same authority and follow the same procedure as in disapproving a filing under section 20.3 of this chapter.
(e) The assigned risk plan may be substantially modified or eliminated only as the general assembly provides by statute.
As added by P.L.249-1989, SEC.14. Amended by P.L.204-2018, SEC.16.

Structure Indiana Code

Indiana Code

Title 27. Insurance

Article 7. Special Types of Insurance

Chapter 2. Worker's Compensation

27-7-2-1. Repealed

27-7-2-1.1. Purposes of Chapter

27-7-2-1.2. Insurers and Underwriters Subject to Chapter

27-7-2-2. Definitions

27-7-2-3. Worker's Compensation Rating Bureau; Membership

27-7-2-3.1. Duties of Bureau

27-7-2-4. Rate Filings; Notice

27-7-2-4.5. Premium or Rate Discount for Municipal Corporations or Volunteer Fire Departments

27-7-2-5. Management of Bureau

27-7-2-6. By-Laws of Bureau

27-7-2-7. Resolution of Tie Votes

27-7-2-8. Membership in Bureau

27-7-2-9. Charges and Expenses of Bureau; Apportionment; Review

27-7-2-10. Repealed

27-7-2-11. Approval of Classifications, Premiums, or Rates; Consultations With Worker's Compensation Board; Duty of Board to Furnish Information

27-7-2-12. Representative of Department; Appointment; Powers and Duties

27-7-2-13. Repealed

27-7-2-14. Repealed

27-7-2-15. Approval of System of Schedule Rating

27-7-2-16. Repealed

27-7-2-17. Repealed

27-7-2-18. Exclusion of Physical Impairment of Employees in Rate Making

27-7-2-19. Repealed

27-7-2-20. Adherence to Approved Rules, Forms, Plans, and Systems; Annual Reports

27-7-2-20.1. Minimum Premiums and Rates

27-7-2-20.2. Minimum Premiums, Rates, and Supplementary Rate Information; Filing; Approval; Proof of Notice; Public Inspection

27-7-2-20.3. Minimum Premiums or Rates; Disapproval

27-7-2-20.4. Arrangements in Restraint of Trade; Presumption; Subsidiary Companies

27-7-2-21. Repealed

27-7-2-22. Repealed

27-7-2-23. Repealed

27-7-2-24. Appointment of Resident Agent for Service of Process

27-7-2-25. Annual License of Rating Bureau

27-7-2-26. Repealed

27-7-2-27. Jurisdiction of Courts of Marion County; Review

27-7-2-28. Duty to Insure and Accept Certain Rejected Risks

27-7-2-28.1. Assigned Risk Plan; Administration; Filing; Approval; Modification or Elimination by General Assembly

27-7-2-28.2. Examination of Records; Costs

27-7-2-29. Rejected Risks; Designation of Insurer; Reinsurance

27-7-2-30. Rules; Adoption

27-7-2-31. Loss of Coverage for Nonpayment of Premiums; Report of Conditions Precluding Insurance; Coverage Pending Decision

27-7-2-32. Considerations in Designating Insurer to Assume Rejected Risk; Review of Reasons

27-7-2-33. Designated Insurer Carrying Rejected Risk; Additional Inspection; Renewal Rates

27-7-2-34. Information Concerning Rejected Risks; Automatic Insurance

27-7-2-35. Record of Rejected Risks Referred by Bureau to Members; Effect of Writing Rejected Risk as Regular Business

27-7-2-36. Repealed

27-7-2-37. Cancellation of Rejected Risk Coverage; Grounds; Effect

27-7-2-37.5. Refund of Dividends, Savings, or Unabsorbed Premium Deposits

27-7-2-38. Violations; Penalties; Suspension or Revocation of License

27-7-2-39. Appointment and Compensation of Personnel; Appropriation

27-7-2-40. Confidential Data; Data Sharing With Department or Worker's Compensation Board