Plain English Breakdown
The official source does not specify that health maintenance organizations are affected, so this claim was removed.
Indiana Insurance Law Changes
This law changes Indiana's insurance rules, including how insurers handle nonrenewals and fraud reporting.
What This Bill Does
- Requires people or companies to report information about insurance fraud to the state department of insurance or a national bureau.
- Sets fees for providing unrestricted data from an all payer claims database.
- Changes rules on notice of material changes in insurance policies and property and casualty insurance laws.
- Allows the insurance commissioner to waive merger requirements during emergencies for farm mutual insurance companies.
- Requires insurers to provide 30 days' notice before nonrenewing auto insurance policies and 60 days' notice for residential policies.
Who It Names or Affects
- Insurance companies
- People who own or manage condominiums
Terms To Know
- All Payer Claims Data Base
- A system that collects health care claims data from multiple payers.
- Unrestricted Data
- Data that can be shared without restrictions with certain entities.
Limits and Unknowns
- The bill does not specify the exact actions insurers must take when using aerial images for coverage determinations.
- It is unclear how the new fee schedule will affect data access by different entities from the all payer claims database.