Ind. Code § 27-13-13-7

Current through P.L. 171-2024

Section 27-13-13-7 - Return of deposit

If:

(1) a health maintenance organization ceases operation for reasons other than:

(A) insolvency; or

(B) receivership;

(2) the organization is not a debtor in any pending bankruptcy proceeding;

(3) the health maintenance organization submits a request in writing to the commissioner for the return of the deposit made by the organization; and

(4) the health maintenance organization has furnished the commissioner with written proof that all claims liabilities of the health maintenance organization have been paid;

the commissioner shall return all or a part of the deposit to the health maintenance organization not more than thirty (30) days after the commissioner receives written proof from the organization under subdivision (4).

IC 27-13-13-7

As added by P.L. 26-1994, SEC.25.