Indiana § 34-18-5-3 - Collection of surcharge; time for payment
Full text of Indiana Indiana Code § 34-18-5-3 — Collection of surcharge; time for payment, with citation guidance and answers to common questions.
§ 34-18-5-3. Collection of surcharge; time for payment
Sec. 3. (a) The surcharge shall be collected on the same basis as premiums by each insurer, risk manager, or surplus lines producer.
(b) The surcharge is due and payable within thirty (30) days after the premium for malpractice liability insurance has been received by the insurer, risk manager, or surplus lines producer from a health care provider in Indiana. If a surcharge is not paid as required by this section, the insurer, risk manager, or surplus lines producer responsible for the delinquency is liable for the surcharge plus a penalty equal to ten percent (10%) of the amount of the surcharge.
(c) If the annual premium surcharge is not paid within the time limit specified in subsection (b), the certificate of authority of the insurer, risk manager, and surplus lines producer shall be suspended until the annual premium surcharge is paid.
[Pre-1998 Recodification Citation: 27-12-5-3.]
As added by P.L.1-1998, SEC.13. Amended by P.L.178-2003, SEC.96.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 34-18-5-3
What does Indiana Code § 34-18-5-3 cover?
Section 34-18-5-3 ("Collection of surcharge; time for payment") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 34-18-5-3?
A common citation format is "Indiana Code § 34-18-5-3" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 34-18-5-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.