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Engrossed Senate Bill (S)

DIGEST

Nonprofit agricultural organization coverage. Establishes conditions that an organization must meet to qualify as a nonprofit agricultural organization. Defines "nonprofit agricultural organization coverage" as health benefit coverage that is: (1) sponsored by a nonprofit agricultural organization or an affiliate of a nonprofit agricultural organization; (2) offered only to members of the nonprofit agricultural organization and their families; (3) deemed by the nonprofit agricultural organization to be important in assisting its members to live long and productive lives; and (4) offered to members of the nonprofit agricultural organization in every county in Indiana. Provides that nonprofit agricultural organization coverage is not Nonprofit agricultural organization coverage. Establishes conditions that an organization must meet to qualify as a nonprofit agricultural organization. Defines "nonprofit agricultural organization coverage" as health benefit coverage that is: (1) sponsored by a nonprofit agricultural organization or an affiliate of a nonprofit agricultural organization; (2) offered only to members of the nonprofit agricultural organization and their families; (3) deemed by the nonprofit agricultural organization to be important in assisting its members to live long and productive lives; and (4) offered to members of the nonprofit agricultural organization in every county in Indiana. Provides that nonprofit agricultural organization coverage is not considered to be insurance under Indiana law. Provides that coverage provided by a nonprofit agricultural organization is subject to the state insurance premiums tax. Requires the nonprofit agricultural organization to annually certify that its plan reserves are adequate and conform to the appropriate actuarial standards of practice. Authorizes the nonprofit agricultural organization to obtain reinsurance coverage. Requires the nonprofit agricultural organization to adopt a complaint procedure. Provides that, before an individual applies for the health coverage, the nonprofit agricultural organization shall inform the individual that the health coverage: (1) is not considered insurance; and (2) is not subject to the administrative rules of the department of insurance. ... View more