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Legislators with BillsLegislators(189)
Referred Bills (220)
Virtual currency kiosks.
Nonparticipating providers.
Reorganization of consumer lending laws.
Various insurance matters.
Work based learning liability.
Insurance mandated gun free zone notices.
Coverage for certain cancer prescriptions.
Regulation and investment of cryptocurrency.
Requirements for proxy advisors.
Securities and investment adviser representatives.
Insurance coverage for public safety employees.
State board of accounts.
Regulation of stablecoin.
Garnishment.
Disclosures related to prescription drugs.
Public depositories.
Coverage of orthotic and prosthetic devices.
Private credit funds.
Taxation of remittances.
Payment of insurance claims.
Voluntary family leave insurance program.
Insurance matters.
Health matters.
Cost sharing; out-of-pocket expense credit.
Earned wage access services.
Distributions to charitable beneficiaries.
Financial institutions and consumer credit.
Real estate matters.
Bank accounts for foster and emancipated youths.
Worker's compensation.
Medicare supplement insurance.
Public depositories.
Insurance and transfer on death deeds.
Charges for supervised loans.
Coverage for living organ donors.
Coverage of orthotic and prosthetic devices.
State employee health plan coverage of Alzheimer's.
Regulation of premium increases.
Nonprofit loan center loans for state employees.
Payment card network interchange fees.
Department of insurance reports.
Requirements of short term insurance plans.
Deceptive rental housing practices.
Coverage for clean dietary supplements.
Voluntary family leave insurance program.
Probate.
Privacy of firearms financial transactions.
Emergency medical services.
Loan brokers.
Deposit account agreements.
Actions on deposit accounts.
Biomarker testing coverage.
Exchange of insurance information after accident.
Medicare supplement insurance.
Financial institutions and consumer credit.
Central bank digital currency.
Insurance and transfer on death deeds.
Nonprofit loan center loans for state employees.
School based health centers and student health.
Coverage for doula services.
Commercial property assessed capital expenditure program.
Discriminatory financial services practices.
Coverage for living organ donors.
Audit of Medicaid program prescription drug costs.
Insurance matters.
Delivery network companies.
Consumer credit and financial institutions.
Money transmitters.
Health plans and ambulance service providers.
Student health matters.
Health matters.
Audit of Medicaid program prescription drug costs.
Multiple employer welfare arrangements.
Transfer of replacement payment card information.
Life insurance matters.
Finance charge for supervised loans.
Coverage for living organ donors.
Deduction for long term care premiums.
Transportation network companies.
Firearms matters.
Insurance matters.
Replacement of the London Interbank Offered Rate.
Motor vehicle insurance for foster children.
Dental plans.
Community investments by financial institutions.
Financial institutions and consumer credit.
Travel insurance.
Supervised consumer loans.
Colorectal cancer screening coverage.
Coverage for living organ donors.
Group coverage for religious not-for-profits.
Prior authorization for addiction treatment.
Small loan finance charges.
Risk management and catastrophic liability funds.
Insurance matters.
Secretary of state securities division matters.
Political subdivision risk management.
Limitation on actions concerning deposit accounts.
Financial institutions and consumer credit.
Pharmacy benefit managers.
Long term care insurance partnership program.
Disclosures related to prescription drugs.
Small loan finance charges.
Unlawful viewpoint discrimination.
Long term care and health records.
Organ donation.
Doula services.
Financial institutions and consumer credit.
Pharmacy matters.
Various insurance matters.
Colorectal cancer testing.
Nonprofit agricultural organization coverage.
Uniform Consumer Credit Code.
Coverage for breast prostheses.
Gift certificates and store gift cards.
Reporting of consumer loans by unlicensed lenders.
Various insurance and health care matters.
Coverage for PANDAS and PANS.
Compliance with coverage parity requirements.
Medical payment coverage.
Restrictions on copayments.
Consumer credit transactions.
Health insurance reimbursement rates.
Small loan finance charges.
Treatment of Lyme disease.
Small loan finance charges.
Contraceptive coverage.
Insurance proceeds held by a mortgagee.
UCCC delinquency charges.
Supervised loans.
Cybersecurity requirements for insurers.
Coverage of living organ donors.
Short term insurance plans. Specifies certain coverage and disclosures that must be provided with respect to a short term insurance plan, including renewal, without underwriting, for the greater of 36 months or the maximum period permitted under federal law, a term of not more than 364 days, and an annual limit of at least $2,000,000. Specifies requirements for preferred provider organizations used with short term insurance plans. Makes conforming amendments.
Insurance matters. Requires a pharmacy benefit manager doing business in Indiana to, at least every seven days, update and make available to pharmacies maximum allowable cost list information. Repeals the law providing for availability of high risk property coverage under the federal Urban Property Protection and Reinsurance Act of 1968. Exempts flood insurance policies from the kinds of policies under which mine subsidence coverage must be made available. Repeals the law concerning the small employer voluntary reinsurance program. Urges the legislative council to assign to an interim study committee the topic of regulation and practice of pharmacy benefit managers for study and recommendations during the 2019 interim of the general assembly. Makes conforming amendments.
Uniform Consumer Credit Code. Makes the following changes to the Uniform Consumer Credit Code (UCCC): (1) Amends the provisions authorizing specified additional charges for consumer loans to permit a lender to contract for and receive a transaction fee for a revolving loan account that may not exceed the greater of: (A) 2% of the amount of the transaction; or (B) $10. (Current law authorizes the lender to charge a transaction fee in the lesser of these two amounts.) (2) Replaces the authorized $5 delinquency charge (subject to indexing by the department of financial institutions) for consumer credit sales and consumer loans with a nonindexed delinquency charge of: (A) $5, if installments are due every 14 days or less; (B) $25, if installments are due every 15 days or more; or (C) $25, in the case of a single installment due at least 30 days after the sale or loan is made. (3) Specifies that a creditor may not charge or collect a delinquency charge on a payment that: (A) is paid within 10 days after its scheduled due date; and (B) is otherwise a full payment of the payment due for the applicable installment period; if the only delinquency with respect to a consumer credit sale or a consumer loan is attributable to a delinquency charge for an earlier installment. Specifies that an initial pleading related to a debt collection action filed by a debt buyer must include certain information. Makes a violation a deceptive act. Urges the legislative council to assign to an interim study committee, for study during the 2019 interim, the topic of revisions to the UCCC. Sets forth issues for consideration by an interim study committee assigned this topic.
Medicare supplement and Medicaid study. Requires an insurer that makes a Medicare supplement policy available to an individual eligible for Medicare based on age to make at least one "Plan A" Medicare supplement policy available to an individual eligible for Medicare based on disability. Specifies enrollment and insurance producer compensation requirements that apply to the "Plan A" policy. Requires the Medicaid advisory committee to study and make recommendations before November 1, 2019, concerning Medicaid reimbursement and school based health centers.
Use of Social Security numbers in credit files. Requires a consumer reporting agency that uses a Social Security number as a factor in determining whether a file matches the identity of the subject of a credit inquiry to ensure that the name and at least one additional identifier of the subject matches the name and the same identifier in the file.
Financial institutions and consumer credit. Makes various changes to the statutes concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code (UCCC); (3) rental purchase agreements; (4) debt management companies; (5) banks; (6) credit unions; (7) pawnbrokers; and (8) money transmitters. Repeals a provision in the statute concerning rental purchase agreements that specifies that any up-front payment made by the lessee: (1) must be treated as an initial rental payment; (2) is subject to the disclosure requirements under the statute; and (3) may be in a sum larger than a regular rental payment. Prohibits leasing of, and rental purchase agreements involving, live domestic animals. Repeals a provision in the UCCC that provides that civil proceeding advance payment transactions (CPAP transactions) are subject to the UCCC. Strikes all provisions concerning CPAP transactions from the UCCC. Repeals provisions in the UCCC that define certain terms relating to CPAP transactions. Moves language in the UCCC applicable to the licensing of civil proceeding advance payment providers to the existing statute concerning civil proceeding advance payments and makes conforming amendments.
Loan brokers. Reorganizes current provisions regulating loan brokers and moves the reorganized provisions to a new article, including: (1) the loan broker regulation account; (2) licensure and notice requirements; (3) education and examination requirements for licensure; (4) requirements for loan broker offices, personnel, and conduct of business; and (5) violations and enforcement. Makes conforming amendments. Repeals the current law regulating loan brokers.
Chronic pain management. Requires state employee health plans, Medicaid, policies of accident and sickness insurance, and health maintenance organization contracts to provide coverage for chronic pain management. Requires the office of Medicaid policy and planning to apply for any Medicaid state plan amendment necessary to provide the coverage.
Ambulance service program membership. Increases from one year to five years the maximum period permitted for membership in an ambulance service program for the program to be exempt from regulation as an insurance product.
Pharmacy benefit managers. Requires a pharmacy benefit manager to obtain a license issued by the department of insurance (department). Specifies pharmacy benefit manager network and annual reporting requirements. Provides rulemaking authority for the department. Requires a health plan that denies prior authorization for certain prescription drugs to provide an alternative list of prescription drugs or alternative treatments covered by the health plan. Urges the legislative council to assign to an interim study committee the topic of regulation and practice of pharmacy benefit managers for study and recommendations during the 2019 interim of the general assembly.
Pharmacist care study. Urges the legislative council to assign the topic of coverage for pharmacist care to an interim study committee during the 2019 interim of the general assembly.
Small loans. Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits making, or taking other actions with respect to, a small loan with a greater rate or amount of interest, or other fees and charges, than allowed under the statute governing small loans. Prohibits a credit services organization from providing certain functions with respect to a small loan and makes a violation a deceptive act.
Consumer credit. Repeals provisions specifying indexing of and changes of dollar amounts for purposes of consumer loans. Provides for a credit service charge not to exceed 36%. (Current law provides for variation in amount of a credit service charge based on the amount outstanding.) Increases the minimum credit service charge and consumer loan finance charge from $30 to $50. Increases from at least $300 to at least $1,500 the debt that must be secured for a seller in a consumer credit sale of goods to take a security interest in the goods. With respect to consumer loans: (1) increases from 25% to 36% the amount of a loan finance charge that a lender may charge; (2) increases from 2.083% to 3% the amount in relation to the debt on a revolving loan account over which the loan finance charge is considered to exceed the maximum annual percentage rate; (3) strikes a provision specifying requirements for charging the same loan finance charge on all amounts financed within a range; (4) increases from $50 the maximum amount of a nonrefundable prepaid finance charge to $150 or $250; and (5) increases from two to three the number of nonrefundable prepaid finance charges a lender may assess in a 12 month period. Repeals provisions specific to supervised loans and applies certain supervised loan provisions to consumer loans having a loan finance charge exceeding 25%, including increasing the principal amounts on which the term of an installment payment period depends. Increases the amount that must be financed before a creditor can require property insurance. Makes conforming amendments.
A SENATE RESOLUTION urging the Legislative Council to assign to an appropriate study committee the task of considering the enactment of the Uniform Regulation of Virtual Currency Businesses Act or other virtual currency regulation in the State of Indiana.
Property and casualty insurance claim payment. Prohibits an insurer from denying coverage to an insured who is covered under a property and casualty insurance policy for damage caused by the intentional act of another insured if the original insured is determined to have been unaware of the intentional act.
Health status related requirements. Specifies that a state employee health plan, a policy of accident and sickness insurance, and a health maintenance organization contract must provide for availability, renewability, premium rating, and coverage without regard to health status, including preexisting conditions. Makes conforming amendments. Provides for the legislative services agency to prepare legislation for the 2020 legislative session to make conforming amendments. Repeals current law providing for issuance of certain policies of accident and sickness insurance under which coverage for preexisting conditions is waived.
Use of credit information in insurance. Prohibits an insurer's use of credit information in underwriting or rating risks. Repeals obsolete provisions.
Contraceptive coverage. Requires state employee health plans, policies of accident and sickness insurance, and health maintenance organization contracts to provide coverage for contraceptive products and services without cost sharing. Exempts certain policies and contracts sold to certain employers.
Coverage of innocent coinsured. Prohibits certain actions by a property or casualty insurer with respect to an innocent coinsured, including denying payment on a claim and refusing to issue or renew a policy.
Small loan finance charges. Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits certain acts with respect to financing of a small loan and makes a violation a deceptive act and subject to penalties.
Insurance matters. Updates names of health care provider billing forms. Amends the financial responsibility requirement for a contract carrier that transports railroad employees. Permits the department of insurance and governor to apply for a state innovation waiver under the federal Patient Protection and Affordable Care Act. Provides for reduced limits and removal of commercial umbrella or excess liability coverage and requires notice of a reduction or removal. Repeals the law providing for a multistate surplus lines insurance compact, which has not gone into effect due to an insufficient number of states enacting the legislation. Amends the law concerning taxation of
Incorporation of documents. Standardizes terminology used to reference incorporated documents throughout IC 27. Specifies the date on which a particular version of an incorporated document must be in effect for the incorporated document to apply. Provides for the department of insurance to implement amendments to the version of a National Association of Insurance Commissioners document previously incorporated after required reporting of the amendment to the legislative council and standing insurance committees. Requires incorporated documents to be available as public records from the department of insurance in paper form and electronically on the department of insurance Internet web site. Makes conforming
Prior authorization for health care services. Specifies requirements for prior authorization of health plan coverage and claim payment, including provisions requiring electronic transmission of prior authorization requests and responses or, in certain circumstances, use of a standard prior authorization form established by the department of insurance.
Unclaimed property. Provides, for purposes of the unclaimed property act, that a time deposit that is automatically renewable is considered matured upon the expiration of its initial period, unless: (1) the owner has consented to a renewal at the time of the account opening or at about the time of the renewal; and (2) the consent is in writing or is evidenced by the original account agreement or by any memorandum or other record on file with the holder of the account. (Current law does not specify that the owner's consent to renewal can occur at the time of the
Financial institutions and consumer credit. Makes various changes to the statutes concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code; (3) rental purchase agreements; (4) debt management companies; (5) banks; (6) savings banks; (7) credit unions; (8) pawnbrokers; (9) money transmitters; and (10) check cashers.
Small loans. Allows the director of the department of financial institutions to take certain actions concerning the use of technology for oversight and enforcement of compliance with the law concerning small loans.
Registration of securities. Amends the list of securities transactions exempt from registration and notice filing requirements to: (1) remove obsolete and redundant cross references to federal law; (2) provide for use of federal Form D successor registration exemption forms for notice filings on transactions exempt from federal registration; (3) move: (A) from the law concerning registration of securities; and (B) to the law concerning registration exemptions; notice filing requirements for certain transactions; and (4) strike from the Tier 2 of federal Regulation A exemption a requirement that the transaction be part of a single issue. Provides a procedure for pending
Motor vehicle repairs. Prohibits certain activities by an adjuster, insurer, insurance producer, or other representative of an insurer in connection with a motor vehicle repair. Makes certain activities by a repair shop in connection with a motor vehicle repair for which insurance coverage is available deceptive acts. With respect to an action for a deceptive act: (a) prohibits filing a class action; and (b) creates a rebuttable presumption that a repair is not defective if the repair is made in conformity with manufacturer procedures or industry standards.
Credit services organizations. Amends the definition of the term "credit services organization" for purposes of the Indiana Code provisions governing credit services organizations to more closely align the definition with the definition of "credit repair organization" set forth in the federal Credit Repair Organizations Act. Makes a conforming amendment to the definition of the term "buyer" in the Indiana statute. Requires a credit services organization to do the following with respect to communications made by the credit services organization after June 30, 2018: (1) Include the complete name and address of the credit services organization on all communications. (2) Include
Consumer credit code. Urges the legislative council to assign to an interim study committee, for study during the 2018 interim, the topic of revisions to the Uniform Consumer Credit Code. Sets forth issues for consideration by an interim study committee assigned this topic.
Prior authorization. Specifies requirements for prior authorization of health plan coverage and claim payment, including provisions concerning electronic transmission of prior authorization requests and responses, except in certain circumstances.
Survivor health coverage. Provides that, if the employer of a public safety officer who dies in the line of duty after June 30, 2018, offers health coverage for active employees, the employer shall offer to provide and pay for health coverage under the plan covering active employees for the surviving spouse and each natural child, stepchild, and adopted child of the public safety officer. Provides that health coverage for a surviving child continues: (1) until the child becomes 18 years of age; (2) until the child becomes 23 years of age, if the child is: (A) enrolled in and regularly
Unclaimed property. Provides, for purposes of the unclaimed property act, that a time deposit that is automatically renewable is considered matured upon the expiration of its initial period, unless: (1) the owner has consented to a renewal at the time of the account opening or at about the time of the renewal; and (2) the consent is in writing or is evidenced by the original account agreement or by any memorandum or other record on file with the holder of the account. (Current law does not specify that the owner's consent to renewal can occur at the time of the
Small loan finance charges. Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits certain acts with respect to financing of a small loan and makes a violation a deceptive act and subject to penalties.
Coverage for pediatric neuropsychiatric disorders. Requires a policy of accident and sickness insurance and a health maintenance organization contract to provide coverage for treatment of certain pediatric neuropsychiatric illnesses.
Family leave insurance program. Requires the department of insurance to establish, not later than January 1, 2019, a family leave insurance program (program) for the purpose of providing benefits to employees who elect to participate in the program. Requires that: (1) the program be voluntary for both employers and employees; (2) both employers and employees make contributions to the program to fund benefits; (3) employee contributions be made by payroll deduction; (4) the benefit eligibility requirements established for the program include, at a minimum, the requirements that qualify an employee for leave under the federal Family and Medical Leave Act;
Treatment of Lyme disease. Requires that, if an individual is diagnosed with Lyme disease or a related tick borne disease, state employee health plans, Medicaid, policies of accident and sickness insurance, and health maintenance organization contracts must provide coverage for Lyme disease or a related tick borne disease testing and treatment that is prescribed by a health care provider. Provides that a health care provider may not be subject to discipline solely because the health care provider prescribed, administered, or dispensed a long term antibiotic treatment for the treatment of Lyme disease or a tick borne disease. Requires a health
Use of credit information in insurance. Prohibits an insurer's use of credit information in underwriting or rating risks. Repeals obsolete provisions.
Coverage for pharmacist care. Requires an accident and sickness insurer that enters into a preferred provider agreement to: (1) reimburse for health care service provided by a pharmacist within the scope of practice to the same extent and in the same manner as the insurer would reimburse certain other health care providers (reimbursement); and (2) demonstrate an adequate number of pharmacists within a reasonable proximity to insureds. Requires a preferred provider agreement to provide for the reimbursement.
Bail agent license renewal and bond forfeiture. Decreases the bail agent renewal fee from $600 to $300. Requires forfeiture, not earlier than 120 days or later than 365 days after the defendant's failure to appear, of a bond executed through cash or securities deposited with the clerk of court. (Current law requires forfeiture not earlier than 120 days after failure to appear.) Provides that the supreme court should adopt rules to establish the Indiana pretrial risk assessment system before January 1, 2020, to assist courts in assessing an arrestee's likelihood of: (1) committing a new criminal offense; or (2) failing
Network provider referrals. Specifies notice requirements for network health care providers that make referrals to out of network health care providers. Provides for exceptions to the notice requirements.
Financial institutions and consumer credit. Makes various changes to the statutes concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code; (3) rental purchase agreements; (4) financial institutions; (5) pawnbrokers; (6) money transmitters; and (7) check cashers. Changes references to the "Federal Consumer Credit Protection Act" to references to the "Consumer Credit Protection Act" throughout these statutes. Removes outdated references to: (1) the Office of Thrift Supervision; and (2) the Federal Reserve Board; throughout the statutes. In the statute concerning rental purchase agreements: (1) repeals the definition of "Federal Consumer Credit Protection Act"; and (2)
Securities matters. Decreases the frequency of meetings of the mortgage lending and fraud prevention task force. Exempts certain offers to sell or sales of the securities of issuers made after June 30, 2017, from provisions in the Indiana Uniform Securities Act (Act) concerning the registration of securities and the filing of specified sales and advertising literature with the securities commissioner. Changes the fee structure under the Act with respect to federal covered securities. Makes other changes in the law concerning the registration of securities and notice filings for federal covered securities. For purposes of the securities law concerning financially endangered
Insurance matters. Provides that, for purposes of the insurance law, a United States Postal Service intelligent mail bar code tracking record, a certificate of mailing, or another similar first class mail method may be used as proof of mailing. Provides that an insurance producer education course may concern sales, motivation, psychology, and time management. Limits continuing education in those areas to four hours per renewal period. Allows a prospective continuing education provider to electronically submit supporting materials for a course. Amends the description of an extraordinary dividend or distribution for purposes of the insurance holding company system law. Removes requirements
Termination of retired legislator health coverage. Specifies that eligibility of certain former legislators and family members to continue participation in retired state employee group health insurance coverage ends on the date on which the former legislator takes office in a public office to which the former legislator is elected after December 31, 2016, and through which the former legislator may obtain health coverage.
Directors of mutual benefit corporations. Allows directors of certain mutual benefit corporations to vote by proxy. Specifies requirements for appointment of a proxy.
Motor vehicle insurance policy requirements. Changes the application of SEA 40-2016 from July 1, 2017, to July 1, 2018. Requires that a motor vehicle insurance policy issued or renewed after June 30, 2017, to establish financial responsibility must provide property damage coverage of $25,000 rather than $10,000.
A SENATE RESOLUTION affirming support for the U.S. state-based system of insurance regulation in response to recent federal encroachment.
Public safety officer survivor health coverage. Urges the legislative council to assign to the pension management oversight committee or another appropriate interim study committee the topic of whether the employer of a public safety officer who dies in the line of duty should offer to provide and pay for survivor health coverage.
Innocent coinsured. Defines "innocent coinsured". Prohibits certain actions by a property or casualty insurer with respect to property loss to the primary residence of an innocent coinsured unless those actions are otherwise allowed by law and applied to other insureds regardless of whether the other insureds are innocent coinsureds. Specifies that the claim payment amount is the greater of the actual cost of repairs or the maximum limit of coverage. Provides for claim payment reduction based on factors including the innocent coinsured's ownership interest, mortgage or other lienholder payments, and the amount of property loss as a percentage of available
Indemnification from legal malpractice claims. Provides that any provision in an agreement between an attorney and a client that purports to prospectively release the attorney from liability for malpractice is against public policy, void, and unenforceable.
Volunteer firefighter line of duty disability. Specifies that a volunteer firefighter who is diagnosed with an exposure related cancer and meets other requirements is presumed to have a disability incurred in the line of duty. Applies insurance payments currently required for disabled members of a volunteer fire department to a volunteer firefighter who incurs a disability in the line of duty.
Small loans. Amends the statute concerning small loans to require a lender to conspicuously disclose, both in the lending area of each of the lender's Indiana business locations and in the loan documents provided to borrowers, the: (1) median number of days that a borrower is indebted under one or more outstanding small loans with the lender during a calendar year; and (2) median number of small loans entered into by a borrower with the lender during a calendar year; based on all small loans made at all of the lender's Indiana business locations during the most recent calendar year.
Dental and optometry service coverage. Prohibits dental and vision insurers and health maintenance organizations from requiring dentists and optometrists to accept certain payments unless the health care services are covered services. Prohibits dentists and optometrists from charging for noncovered services an amount that exceeds the usual and customary charges for the services.
Long term small loans. Provides that a lender that is licensed by the department of financial institutions to engage in small loans may enter into a transaction for a long term small loan with a borrower. Defines a long term small loan as a loan that: (1) is entered into by a licensed small loan lender and a borrower; (2) has a principal amount of at least $605 and not more than $2,500; and (3) is payable in installments over a term of not more than 24 months. Provides that with respect to a long term small loan, a lender
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.
Delinquency charges for consumer credit sales and consumer loans. Repeals provisions in the Uniform Consumer Credit Code (UCCC) that provide that, with respect to a consumer credit sale or a consumer loan, a delinquency charge may not be collected on an installment or payment due that is paid in full within 10 days after its scheduled due date even though an earlier maturing installment, minimum payment, or delinquency charge may not have been paid in full.
Individual out-of-state health insurance. Allows an accident and sickness insurer that is licensed in certain other states, but is not licensed in Indiana, and complies with the state examination and premium tax requirements, to issue or deliver an individual policy of accident and sickness insurance to an individual resident of Indiana without complying with other Indiana insurance law.
Impoundment of uninsured driver's vehicle. Authorizes law enforcement to impound a motor vehicle of a person who operates or permits the operation of a motor vehicle on a public highway without proof of financial responsibility. Requires the owner or lessee of the motor vehicle (or the owner's or lessee's authorized agent) to pay civil penalties and fees and show proof of financial responsibility to recover possession of the motor vehicle.
Property and casualty insurance claim payment. Prohibits an insurer from denying coverage to an insured who is covered under a property and casualty insurance policy for damage caused by the intentional act of another insured if the original insured is determined to have been unaware of the intentional act.
School corporation health insurance. Specifies that a school corporation may assign wages and pay premiums for collectively bargained health insurance and is not required to make the collectively bargained health insurance available to all school corporation employees.
Motor vehicle financial responsibility. Increases the financial responsibility requirements that apply to a motor vehicle registration for property damage liability arising out of the ownership, maintenance, or use of the motor vehicle.
Long term small installment loans. Urges the legislative council to assign to an appropriate study committee during the 2016 legislative interim the topic of granting lenders that are licensed to make small loans under the Indiana Uniform Consumer Credit Code the authority to make long term small installment loans. Provides that if the topic is assigned to a study committee, the study committee: (1) may consider specified matters concerning long term small installment loans; (2) may consult with appropriate interested parties; and (3) shall issue a final report to the legislative council not later than November 1, 2016.
Management of institutional funds. Provides that a chapter in the Indiana Code may be cited as the Uniform Prudent Management of Institutional Funds Act (UPMIFA). Makes the following changes to the UPMIFA: (1) Allows a donor to give an institution prior consent for release or modification of a restriction or charitable purpose in a gift instrument. (2) Allows an institution to release or modify a restriction in a fund established more than 20 years ago without court approval, if the value of an institutional fund is less than $250,000. (Under current law, the institutional fund must be less than $25,000.)
Department of financial institutions. Makes various changes to the laws concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code; (3) financial institutions; and (4) debt management companies.
Insurance matters. Requires gaming facilities to pay to the state a special worker's compensation fee and removes a requirement for gaming facilities to reimburse the state for certain worker's compensation expenses. Amends the application of the annual audited financial report law to domestic insurers. Specifies that an insurer is not prevented from making available a named driver exclusion in a commercial motor vehicle policy. Provides for suspension of a nonresident insurance producer license and a nonresident public adjuster license if the home state license is not effective in good standing. Specifies certain requirements for a domestic insurer that is part
Loans to credit union officers. For purposes of the statute authorizing a state chartered credit union to make a loan to an officer of the credit union, makes the lending limit consistent with federal law that applies to loans to officers of a bank. (Current law provides that the total of all such outstanding loans may not exceed $100,000.)
Study of electronic health care claim payments. Urges the legislative council to assign to a 2016 interim study committee the issue of use of electronic methods of health care claim payment.
Political subdivision risk management. Requires the Indiana Public Employer's Plan, Inc. (IPEP), which was established as a domestic nonprofit corporation, to apply for a certificate of authority to transact business as a domestic mutual insurance company. Provides that, upon receiving the certificate of authority and beginning to transact business as a domestic mutual insurance company, the domestic mutual insurance company succeeds to all powers, duties, agreements, and liabilities of IPEP. Provides that, on January 1, 2017, (unless IPEP fails to begin operating as a domestic mutual insurance company under a certificate of authority issued by the insurance commissioner by that
Innocent coinsured. Prohibits certain actions by a property or casualty insurer with respect to an innocent coinsured, including denying payment on a claim for the cost of actual repair or replacement of property and refusing to issue or renew a policy.
Small loans. Amends the statute concerning small loans to require a lender to conspicuously disclose, both in the lending area of each of the lender's Indiana business locations and in the loan documents provided to borrowers, the: (1) median number of days that a borrower is indebted under one or more outstanding small loans with the lender during a calendar year; and (2) median number of small loans entered into by a borrower with the lender during a calendar year; based on all small loans made at all of the lender's Indiana business locations during the most recent calendar year.
Uniform Voidable Transactions Act. Enacts the Uniform Voidable Transactions Act, governing the ability of a creditor to nullify certain transfers made by a debtor.
Financial institutions and trade regulation. Makes various changes to the laws concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code; (3) rental purchase agreements; (4) debt management companies; (5) financial institutions; (6) pawnbrokers; (7) money transmitters; and (8) check cashers. Repeals a provision providing an alternative regular reserve formula for certain credit unions. Makes conforming amendments.
Transportation networks. Requires a transportation network company to have a permit issued by the Indiana department of state revenue to provide a digital network for connection to prearranged rides in Indiana. Specifies requirements related to: (1) criminal and driving history; (2) drug and alcohol use; (3) vehicle equipment; (4) insurance; (5) fares; (6) privacy; (7) nondiscrimination and accessibility; (8) record maintenance; (9) TNC and TNC driver conduct; and (10) regulation.
Unclaimed life insurance benefits. Requires the department of insurance to develop, post, and maintain on the Internet information concerning life insurance and financial affairs. Specifies that the law concerning unclaimed life insurance benefits: (a) applies to policies, annuities, and retained asset accounts issued after June 30, 2015; and (b) does not prevent the attorney general from performing certain examinations of life insurance company records. Repeals a requirement for insurer procedures related to death master file search data.
Insurance matters. Requires disregard of a spouse's assets in Medicaid eligibility determinations related to long term care insurance. Corrects a conflict concerning payment of expenses of the department of insurance (department) from the general fund. Amends the law concerning internal audits of domestic insurer and insurer group financial statements. Requires an insurer or insurance group to file with the commissioner of insurance an annual corporate governance disclosure. Specifies requirements concerning use and disclosure of information related to the annual corporate governance disclosure. Removes a requirement for placement of the insurance commissioner's (commissioner) signature on approval of a proposed insurer. Defines
Uninsured motorist damages. Specifies that an insurer may not pay noneconomic damages on a motor vehicle insurance claim for a loss incurred by an uninsured motorist who, during the immediately preceding five years, has been required to provide proof of future financial responsibility. Provides that an uninsured motorist who sustained bodily injury or property damage as the result of a motor vehicle accident and who, during the immediately preceding five years, has been required to provide proof of future financial responsibility may not recover noneconomic damages. Makes certain exceptions.
Securities. Provides that living residents of bankrupt continuing care retirement communities who executed a continuing care agreement before July 1, 2009, are eligible to receive distributions from the guaranty association fund. (Current law provides that any living resident of a bankrupt continuing care retirement community is eligible to receive distributions from the guaranty association fund.) Removes a provision that provides that IC 4-21.5 (laws governing administrative orders and proceedings) does not apply to certain provisions regulating loan brokers. Removes certain provisions concerning transactions involving securities that are exempt from registration. Provides that IC 4-21.5 (laws governing administrative orders and proceedings)
Vehicle rentals. Specifies that certain costs and expenses related to vehicle rental are separate from an administrative charge. Specifies fixed administrative charges. Provides for rental company collection, from the renter, of a certain amount upon return of a damaged rental vehicle. Provides for: (a) collection of any excess liability from; and (b) refund of any overpayment to; the renter upon settlement of damages and liability.
Management of funeral trust accounts. Provides that the bank, trust company, savings association, or credit union that receives the payments made by the settlor of a funeral trust may enter into a contract under which the settlor's account will be managed by a third party. Requires that the third party be an investment adviser registered with the United States Securities and Exchange Commission or with the Indiana securities commissioner. Requires an investment adviser managing a funeral trust settlor's account to comply with the Indiana Uniform Prudent Investor Act.
Limit on mine subsidence insurance coverage. Raises the maximum amount of mine subsidence insurance coverage that may be reinsured (and thus the maximum amount of mine subsidence coverage that is available) from $200,000 per structure to $500,000 per structure.
Political subdivision risk management. Requires the Indiana Public Employer's Plan, Inc., (IPEP), which was established as a domestic nonprofit corporation, to apply for a certificate of authority to transact business as a domestic mutual insurance company. Provides that, upon receiving the certificate of authority and beginning to transact business as a domestic mutual insurance company, the domestic mutual insurance company succeeds to all powers, duties, agreements, and liabilities of IPEP. Provides that, on January 1, 2016, (unless IPEP has failed to begin operating as a domestic mutual insurance company under a certificate of authority issued by the insurance commissioner by
Property or casualty insurance coverage for innocent coinsured. Urges the legislative council to assign the topic of property or casualty insurance coverage for an innocent coinsured to an interim study committee during the 2015 interim.
Retirement plan proceed loans. Defines a "retirement plan proceed loan" as a loan or an extension of credit that is: (1) offered to an Indiana consumer; and (2) secured by the consumer's interest in, or right to, all or part of the proceeds of any pension or other retirement plan of which the consumer is a participant, beneficiary, or member. Prohibits a person from: (1) making or offering to make a retirement plan proceed loan; (2) brokering or offering to broker a retirement plan proceed loan; or (3) advertising, marketing, or soliciting retirement plan proceed loans in Indiana. Provides that
Fair credit reporting. Provides that a violation of the federal Fair Credit Reporting Act (act), or any regulations issued under the act, in connection with a consumer transaction involving an Indiana consumer, is a deceptive act that is subject to the penalties set forth in the statute concerning deceptive consumer sales. Requires the attorney general to investigate complaints made by or on behalf of Indiana consumers and concerning alleged violations of specified provisions of the act. Allows the attorney general to investigate, on the attorney general's own motion, suspected violations of the specified provisions of the act. Authorizes the attorney
Insurance and firearms. Prohibits a personal lines property or casualty insurer from taking certain actions in connection with the ownership, possession, or use of a firearm by an insurance applicant, insured, or household member.
Public depositories. Provides that a financial institution is ineligible to become a depository and receive public funds of the state if the financial institution has been found by: (1) the department of financial institutions (department); or (2) the financial institution's primary federal regulator; to not be in substantial compliance with, or to have violated, the federal Financial Institutions Reform, Recovery and Enforcement Act of 1989 (act). Sets forth procedures that the department must follow if the department receives credible evidence that a financial institution is not in substantial compliance with, or has violated, the act. Provides that if it is
Property and casualty insurance claim payment. Property and casualty insurance claim payment. Prohibits an insurer from denying coverage for damage to an insured individual under a property and casualty insurance policy if the damage was caused by the intentional acts of another insured individual and the original insured individual was unaware of the intentional acts.