(a) For purposes of this chapter:(1) a policy or contract issued on a blanket basis is a group policy or group contract;(2) each individual insured under a policy or contract issued on a blanket basis is a certificate holder under the policy or contract; and(3) a policy or contract issued on a franchise plan to members of a qualified group is a nongroup policy or nongroup contract.(b) For purposes of this chapter, a benefit plan may have only one (1) plan sponsor.(c) For purposes of this chapter, an individual who, on the applicable coverage date:(1) is a citizen of the United States; and(2) resides in a:(A) foreign country; or(B) United States possession, territory, or protectorate;that does not have an association similar to the association created by this chapter;is considered to be a resident of the state of domicile of the insurer that issued the policies or contracts.(d) For purposes of this chapter, benefits provided under a long term care insurance rider to:(1) a life insurance policy; or(2) an annuity contract;are considered to be the same kind of benefits as the benefits under the life insurance policy or annuity contract to which the rider benefits relate.As fe insurance policy; or(2) an annuity contract;are considered to be the same kind of benefits as the benefits under the life insurance policy or annuity contract to which the rider benefits relate.As added by P.L.193-2006, SEC.10. Amended by P.L.276-2013, SEC.32; P.L.208-2018, SEC.13.
Indiana Legal Code