Current through P.L. 171-2024
Section 27-8-24.2-3 - "Policy of accident and sickness insurance"(a) As used in this chapter, "policy of accident and sickness insurance" has the meaning set forth in IC 27-8-5-1.(b) The term does not include the following: (1) Accident only, credit, dental, vision, Medicare, Medicare supplement, long term care, or disability income insurance.(2) Coverage issued as a supplement to liability insurance.(3) Automobile medical payment insurance.(4) A specified disease policy.(5) A limited benefit health insurance policy.(6) A short term insurance plan that:(A) may be renewed for the greater of:(i) thirty-six (36) months; or(ii) the maximum period permitted under federal law;(B) has a term of not more than three hundred sixty-four (364) days; and(C) has an annual limit of at least two million dollars ($2,000,000).(7) A policy that provides a stipulated daily, weekly, or monthly payment to an insured during hospital confinement, without regard to the actual expense of the confinement.(8) Worker's compensation or similar insurance.(9) A student health insurance policy.Amended by P.L. 288-2019,SEC. 19, eff. 7/1/2019.As added by P.L. 109-2008, SEC.2.