Ind. Code ch. 27-1-1.5

Ind. Code ch. 27-1-1.5
in effect

Ind. Code § 27-1-1.5-1 Amendment of referenced NAIC documents; reporting

Sec. 1. (a) This section applies only to a reference in this title that is published by the NAIC. (b) If a document described in subsection (a) to which a provision of this title refers is amended after the later of the date of publication of the version of the document that is referenced in this title or January 1, 2018, the commissioner shall, before implementing the amendment in the regulation of the business of insurance, report in an electronic format under IC 5-14-6 to the: (1) legislative council; and (2) standing committees of the house of representatives and the senate that consider insurance matters; concerning the existence of the amendment. (c) Upon reporting to the legislative council and standing committees under subsection (b), the commissioner may implement the reported amendment in the regulation of the business of insurance. (d) Not later than October 31 of each year, the commissioner shall: (1) compile a list of all amendments: (A) described in subsection (b); and (B) published after October 31 of the preceding year; and (2) report the list to the legislative council and standing committees described in subsection (b) in an electronic format under IC 5-14-6. As added by P.L.124-2018, SEC.1. Amended by P.L.10-2019, SEC.114.

Ind. Code § 27-1-1.5-2 Reference to Indiana Code

Sec. 2. Except as otherwise provided in this title, a reference in this title to an Indiana statute is a reference to the statute: (1) as added to the Indiana Code (or, in the case of a noncode statute, as enacted into law); or (2) as amended; whichever occurred most recently. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-3 Reference to Indiana Administrative Code

Sec. 3. Except as otherwise provided in this title, a reference in this title to an Indiana administrative rule is a reference to the rule: (1) as added to the Indiana Administrative Code; or (2) as amended; whichever occurred most recently. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-4 Reference to United States Code; reference to Code of Federal Regulations

Sec. 4. Except as otherwise provided in this title, the following apply to a reference in this title to a federal statute or regulation: (1) A reference that contains a citation to the: (A) United States Code location of the federal statute; or (B) Code of Federal Regulations location of the federal regulation; is a reference to the federal statute or regulation as in effect on January 1, 2018. (2) A reference that contains a citation to: (A) the Public Law by which the federal statute was enacted; or (B) the issue of the Federal Register that contains the final language of the federal regulation; is a reference to the federal statute or regulation as in effect on the date of the Public Law or issue of the Federal Register. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-5 In effect date of references in IC 27; document maintenance by department of insurance

Sec. 5. (a) Except as otherwise provided in this title or as reported under section 1 of this chapter, a reference: (1) in this title; and (2) to a document not described this chapter; is a reference to the document as in effect on January 1, 2018. (b) The department shall maintain, as a public record: (1) an electronic version on the department's Internet web site; and (2) a paper copy; of each document to which there is a reference in this title, including each version of a document that is amended over time. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-6 Application of chapter; definitions

Sec. 6. The references in this chapter and the definitions in this chapter apply throughout this title. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-7 "Accounting Practices and Procedures Manual"

Sec. 7. "Accounting Practices and Procedures Manual" refers to the document entitled "Accounting Practices and Procedures Manual" that is: (1) adopted by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-8 "AICPA Statements on Auditing Standards (SAS) 61, Communication with Audit Committees"

Sec. 8. "AICPA Statements on Auditing Standards (SAS) 61, Communication with Audit Committees" refers to the provision entitled "Statement on Auditing Standards 61, Communication with Audit Committees" that is: (1) published by the American Institute of Certified Public Accountants; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-9 "American Cancer Society guidelines"

Sec. 9. "American Cancer Society guidelines" refers to the guidelines published by the American Cancer Society that are in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-10 "Annual Statement Blank"

Sec. 10. "Annual Statement Blank" refers to the document entitled "Annual Statement Blank" that is: (1) adopted by the NAIC; (2) in effect on January 1, 2018; and (3) applicable to the kind of insurance to which the information contained in the document applies. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-11 "Annual Statement Instructions"

Sec. 11. "Annual Statement Instructions" refers to the document entitled "Annual Statement Instructions" that is: (1) adopted by the NAIC; (2) in effect on January 1, 2018; and (3) applicable to a particular Annual Statement Blank. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-12 "Current Dental Terminology"; "CDT"

Sec. 12. "Current Dental Terminology" or "CDT" refers to the Current Dental Terminology coding system that is: (1) published by the American Dental Association; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-13 "Current Procedural Terminology"; "CPT"

Sec. 13. "Current Procedural Terminology" or "CPT" refers to the Current Procedural Terminology coding system that is: (1) published by the American Medical Association; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-14 "Diagnostic and Statistical Manual of Mental Disorders"; "DSM"

Sec. 14. "Diagnostic and Statistical Manual of Mental Disorders" or "DSM" refers to the document entitled "Diagnostic and Statistical Manual of Mental Disorders of the American Psychiatric Association" that is in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-15 "Financial Analysis Handbook"

Sec. 15. "Financial Analysis Handbook" refers to the document entitled "Financial Analysis Handbook" that is: (1) adopted by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-16 "Financial Condition Examiner's Handbook"

Sec. 16. "Financial Condition Examiner's Handbook" refers to the document entitled "Financial Condition Examiner's Handbook" that is: (1) adopted by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-17 "Financial Regulation Standards and Accreditation Program"

Sec. 17. "Financial Regulation Standards and Accreditation Program" refers to the accreditation program through which the NAIC certifies that state insurance departments have demonstrated compliance with legal, financial, organizational, licensing, and control standards established by the NAIC and described in the document entitled "Financial Regulation Standards and Accreditation Program" that is: (1) adopted by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-18 "Healthcare Common Procedure Coding System"; "HCPCS"

Sec. 18. "Healthcare Common Procedure Coding System" or "HCPCS" refers to the version of the Healthcare Common Procedure Coding System: (1) the use of which is required by the federal Health Insurance Portability and Accountability Act of 1996 (42 U.S.C. 1301 et seq.); and (2) that is in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-19 "Insurance Regulatory Information System Ratios Manual"

Sec. 19. "Insurance Regulatory Information System Ratios Manual" refers to the document entitled "Insurance Regulatory Information System Ratios Manual" that is: (1) published by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-20 "International Classification of Diseases"; "ICD"

Sec. 20. "International Classification of Diseases" or "ICD" refers to the International Classification of Diseases code book that is: (1) published by the World Health Organization; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-21 "Market Regulation Handbook"

Sec. 21. "Market Regulation Handbook" refers to the document entitled "Market Regulation Handbook" that is: (1) adopted by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-22 "NAIC"

Sec. 22. "NAIC" refers to the National Association of Insurance Commissioners. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-23 "NAIC Uniform Life, Accident and Health, Annuity and Credit Product Coding Matrix"

Sec. 23. "NAIC Uniform Life, Accident and Health, Annuity and Credit Product Coding Matrix" refers to the document entitled "National Association of Insurance Commissioners Uniform Life, Accident and Health, Annuity and Credit Product Coding Matrix" that is: (1) published by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-24 "National Committee on Quality Assurance standards or guidelines"

Sec. 24. "National Committee on Quality Assurance standards or guidelines" refers to standards or guidelines for accreditation of health plans: (1) that are published by the National Committee on Quality Assurance; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-25 "Own Risk and Solvency Assessment Guidance Manual"; "ORSA Manual"

Sec. 25. "Own Risk and Solvency Assessment Guidance Manual" or "ORSA Manual" refers to the document entitled "Own Risk and Solvency Assessment Guidance Manual" that is: (1) adopted by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-26 "Purposes and Procedures Manual of the NAIC Investment Analysis Office"

Sec. 26. "Purposes and Procedures Manual of the NAIC Investment Analysis Office" refers to the document entitled "Purposes and Procedures Manual of the NAIC Investment Analysis Office" that is: (1) adopted by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-27 "Risk Based Capital Instructions"; "RBC Instructions"

Sec. 27. "Risk Based Capital Instructions" or "RBC Instructions" refers to the document entitled "Risk Based Capital Forecasting and Instructions" that is: (1) adopted by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-28 "Securities Valuation Manual"

Sec. 28. "Securities Valuation Manual" refers to the document entitled "Securities Valuation Manual" that is: (1) adopted by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-29 "Third party administrator"; "TPA"

Sec. 29. "Third party administrator" or "TPA" refers to the coding system that is: (1) maintained by an applicable third party administrator; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-30 "Uniform Application"

Sec. 30. "Uniform application" refers to the document entitled "Uniform Application for Individual Producer License/Registration" for resident and nonresident producer licensing that is: (1) published by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-31 "Uniform Application for Business Entity Adjusters"

Sec. 31. "Uniform Application for Business Entity Adjusters" refers to the document entitled "Uniform Application for Business Entity Adjuster License/Registration" that is: (1) published by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-32 "Uniform Application for Individual Adjusters"

Sec. 32. "Uniform Application for Individual Adjusters" refers to the document entitled "Uniform Application for Individual Adjuster or Apprentice License/Registration" that is: (1) published by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-33 "Uniform application for third party administrator license"

Sec. 33. "Uniform application for third party administrator license" refers to the document entitled "Uniform Application for Third Party Administrator License" that is: (1) published by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-34 "Uniform business entity application"

Sec. 34. "Uniform business entity application" refers to the document entitled "Uniform Application for Business Entity License Renewal/Continuation" for resident and nonresident business entities that is: (1) published by the NAIC; and (2) in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.

Ind. Code § 27-1-1.5-35 "Valuation Manual"

Sec. 35. "Valuation Manual" refers to the Valuation Manual that: (1) was initially adopted by the NAIC on December 12, 2012; and (2) is in effect on January 1, 2018. As added by P.L.124-2018, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026

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