Sec. 20. (a) All Medicare supplement policies issued for delivery in Indiana after June 30, 1990, must provide for the refund of unused premiums upon the death of the insured during the contract period.
(b) The amount of premium refund shall be prorated from the date following the date of death of the insured to the end of the contract period for which the premium has been paid.
(c) The refund required by this section shall be paid as follows:
(1) If a person other than the insured paid the premium, to that person. A person entitled to a refund under this subdivision must provide proof of payment to the insurer.
(2) If the insured paid the premium, to the surviving spouse of the insured. If there is no surviving spouse, the premium shall be paid in the same manner as distributions of the net estate of a person who dies intestate under IC 29-1-2-1(d).
(d) A person entitled to receive a refund under this section must do the following:
(1) Submit a written request for the refund.
(2) Furnish proof of the insured's death.
As added by P.L.151-1990, SEC.2.
Structure Indiana Code
Article 8. Life, Accident, and Health
Chapter 13. Medicare Supplement Insurance Solicitations
27-8-13-0.1. Application of Certain Amendments to Chapter
27-8-13-2. "Medicare Supplement Insurance Solicitation" Defined
27-8-13-3. "Medicare Supplement Policy"
27-8-13-4. Receipt for Materials Received by Soliciting Insurance Producer; "Materials" Defined
27-8-13-5. "Applicant" Defined
27-8-13-6. "Certificate" Defined
27-8-13-6.2. "Certificate Form" Defined
27-8-13-7.6. "Policy Form" Defined
27-8-13-8. Application of Chapter
27-8-13-9. Medicare Supplement Policies; Standards; Preexisting Medical Conditions
27-8-13-9.5. Medicare Supplement Policy or Certificate Requirements; Enrollment; Compensation
27-8-13-10.1. Model Medicare Supplement Policy Standards
27-8-13-12. Reasonable Benefits; Loss Ratio Standards
27-8-13-14. Outline of Coverage; Contents
27-8-13-15. Informational Brochures
27-8-13-17. Return Privilege Notice; Refund
27-8-13-18. Review and Approval of Proposed Advertisements