Ind. Code ch. 27-13-5

Ind. Code ch. 27-13-5
in effect

Ind. Code § 27-13-5-1 Persons having fiduciary responsibilities

Sec. 1. Any: (1) director; (2) officer; (3) employee; or (4) partner; of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the organization has a fiduciary responsibility to the organization for the funds. As added by P.L.26-1994, SEC.25.

Ind. Code § 27-13-5-2 Fidelity bond or fidelity insurance

Sec. 2. A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on the directors, officers, employees, and partners referred to in section 1 of this chapter: (1) in an amount: (A) not less than two hundred and fifty thousand dollars ($250,000) for each health maintenance organization; or (B) not more than five million dollars ($5,000,000) in the aggregate on behalf of all health maintenance organizations owned by a common parent organization; or (2) in an amount prescribed by the commissioner. As added by P.L.26-1994, SEC.25.
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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