Section 27-2-25-16 - Health carrier satisfaction of good faith estimate and web site notice requirements through compliance with federal law; civil penalty for noncompliance; civil penalty deposited in fund(a) If a health carrier fails or refuses:(1) to provide a good faith estimate as required by this chapter; or(2) to provide notice on the health carrier's Internet web site as required by section 15 of this chapter; the insurance commissioner may, after notice and hearing under IC 4-21.5, impose on the health carrier a civil penalty of not more than one thousand dollars ($1,000) for each day of noncompliance.
(b) A health carrier may satisfy the requirements of this chapter described in subsection (a)(1) and (a)(2) by complying with the requirements set forth in Section 2799A-1 of the federal Public Health Service Act, as added by Public Law 116-260.(c) A civil penalty collected under subsection (a) shall be deposited in the department of insurance fund established by IC 27-1-3-28.Amended by P.L. 202-2021,SEC. 18, eff. 7/1/2021.Added by P.L. 93-2020,SEC. 13, eff. 7/1/2020.