Loading chat...
IN SB0305
Bill
AI Summary
-
Adds new provision allowing farmers to unite through a trustee or agent to purchase group accident and sickness insurance for themselves and their employees effective July 1, 2017.
-
Farmers eligible for coverage must be at least 19 years old and less than 65 years old, live or work in Indiana, be actively engaged in agriculture at least 30 hours per week for more than 6 months per year, derive at least 66% of income from farming, and commit to 3-year participation.
-
Eligible employees of participating farmers must meet the same age and income requirements as farmers and be actively engaged in agriculture as specified.
-
Premiums must be paid by the policyholder from funds contributed by the farmers or employees specifically for insurance, with farmers receiving no financial benefit from the arrangement.
-
Insurers may exclude or limit coverage for individuals who do not provide satisfactory evidence of individual insurability.
Legislative Description
Group health coverage for farmers. Allows farmers to unite to purchase a policy of accident and sickness insurance to cover the farmers and their employees.
Last Action
First reading: referred to Committee on Insurance and Financial Institutions
1/9/2017