Fine for noncompliance; disciplinary action for repeated noncompliance
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Indiana Code › Title 27 › Article 1 › Chapter 4.5 › Section 27-1-4.5-7
Text
Sec. 7. (a) The department may assess:
(1) an insurer;
(2) a third party administrator; or
(3) a pharmacy benefit manager;
that violates section 5 of this chapter a fine of one thousand dollars ($1,000) per day for which the report is past due.
(b) A fine under this section shall be deposited into the payer affordability penalty fund established by IC 12-15-1-18.5.
(c) The department may waive a fine assessed under this section.
(d) The department may take disciplinary action against:
(1) an insurer;
(2) a third party administrator; or
(3) a pharmacy benefit manager;
that is licensed under this title for repeated violations of section 5 of this chapter.
As added by P.L.239-2025, SEC.11.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.