IN HB1260

Requires persons or entities with knowledge of fraudulent insurance acts to report them to the Indiana Department of Insurance or the National Insurance Crime Bureau within 60 days, and extends civil and criminal liability protections to those reporting in good faith.

Establishes a tiered fee schedule for unrestricted insurance data requests, ranging from $125-$3,750 per quarter depending on data type and requester category (individual, commercial, nonprofit, or reseller), with fees deposited into the department of insurance fund.

Redefines "material change" for auto and homeowner's policy renewal notices as premium increases exceeding 10% above the insurer's filed rate plan, and extends the nonrenewal notice period from 20 to 60 days for homeowner's policies when aerial images are the sole basis for nonrenewal.

Updates the Indiana Insurance Guaranty Association framework by adding cybersecurity insurance definitions, capping cybersecurity claims at $300,000 per insured event, excluding punitive damages and incurred-but-not-reported losses from covered claims, and allowing the commissioner to share confidential information about troubled insurers with the association.

Grants the insurance commissioner authority to establish, implement, and operate a state health benefit exchange, including accepting federal funds, and requires insurers and health maintenance organizations to provide insurance producers with complete lists of participating providers.