Indiana § 27-13-4-3 - Filing notice with commissioner before exercising power; disapproval of exercise of power; exemptions from filing requirement
Full text of Indiana Indiana Code § 27-13-4-3 — Filing notice with commissioner before exercising power; disapproval of exercise of power; exemptions from filing requirement, with citation guidance and answers to common questions.
§ 27-13-4-3. Filing notice with commissioner before exercising power; disapproval of exercise of power; exemptions from filing requirement
Sec. 3. (a) A domestic health maintenance organization must file notice with the commissioner, with supporting information that the commissioner deems adequate, before exercising any power granted in:
(1) section 1(a)(1); or
(2) section 1(a)(4);
of this chapter if the proposed transaction is equal to or greater than ten percent (10%) of the health maintenance organization's admitted assets.
(b) A domestic health maintenance organization must file notice with the commissioner, with the supporting information that the commissioner deems adequate, before exercising any power granted in section 1(a)(2), if the proposed transaction is equal to or greater than three percent (3%) of the health maintenance organization's admitted assets.
(c) The commissioner may disapprove an exercise of power referred to in a notice received under subsection (a) or (b) only if, in the opinion of the commissioner, the exercise of the power would:
(1) substantially and adversely affect the financial soundness of the health maintenance organization; and
(2) endanger the ability of the health maintenance organization to meet its obligations.
(d) If the commissioner does not disapprove an exercise of power referred to in a notice received under subsection (a) or (b) within thirty (30) days after the notice is filed with the commissioner, the exercise of power is considered approved.
(e) The commissioner may adopt rules under IC 4-22-2 exempting from the filing requirement of this section certain activities that have a minimal effect on:
(1) the financial soundness of the health maintenance organization; and
(2) the ability of the health maintenance organization to meet its obligations.
As added by P.L.26-1994, SEC.25. Amended by P.L.203-2001, SEC.19.
IC 27-13-5Chapter 5. Fiduciary Responsibilities
27-13-5-1Persons having fiduciary responsibilities 27-13-5-2Fidelity bond or fidelity insurance
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-13-4-3
What does Indiana Code § 27-13-4-3 cover?
Section 27-13-4-3 ("Filing notice with commissioner before exercising power; disapproval of exercise of power; exemptions from filing requirement") 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 § 27-13-4-3?
A common citation format is "Indiana Code § 27-13-4-3" (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 § 27-13-4-3 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.