760 Ind. Admin. Code 1-38.1-5

Current through October 31, 2024

Section 760 IAC 1-38.1-5 - "Coordination of benefits" or "COB" defined

Authority: IC 27-1-3-7

Affected: IC 27-8-5-19

Sec. 5.

As used in this rule, "coordination of benefits" or "COB" means a provision:

(1) establishing an order in which plans pay their claims; and

(2) permitting secondary plans to reduce their benefits so that the combined benefits do not exceed the total allowable expenses.

760 IAC 1-38.1-5

Department of Insurance; 760 IAC 1-38.1-5; filed Feb 14, 1990, 3:30 p.m.: 13 IR 1170; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; filed Sep 15, 2006, 2:02 p.m.: 20061011-IR-760050265FRA; readopted filed Nov 21, 2012, 4:15 p.m.: 20121219-IR-760120454RFA

Readopted filed Nov 13, 2018, 10:02 a.m.: 20181212-IR-760180372RFA