CHAPTER 7. ANNUAL REPORTS
IC 27-17-7
Chapter 7. Annual Reports
IC 27-17-7-1
Annual report; time
Sec. 1. A discount medical card program organization shall file an
annual report with the department not later than three (3) months
after the end of the discount medical card program organization's
fiscal year.
As added by P.L.73-2006, SEC.3.
IC 27-17-7-2
Annual report; requirements
Sec. 2. A report filed under section 1 of this chapter must be on
a form prescribed by the commissioner and must include the
following:
(1) If the information is different from the initial application for
a registration or from the last annual report, a:
(A) list of the name and residence address of each individual
responsible for conducting the discount medical card
program organization's affairs, including:
(i) each member of the board of directors, board of
trustees, executive committee, or other governing board or
committee; and
(ii) each officer; and
(B) disclosure of the extent and nature of any contract or
arrangement between each individual listed under clause (A)
and the discount medical card program organization,
including possible conflicts of interest.
(2) The number of cardholders in Indiana of the discount
medical card program organization's discount medical card
program.
As added by P.L.73-2006, SEC.3.
IC 27-17-7-3
Noncompliance; notification; payment; suspension of registration
Sec. 3. (a) The department shall notify a discount medical card
program organization that is not in compliance with this chapter.
(b) A discount medical card program organization that fails to file
an annual report as required under this chapter shall pay to the
department for deposit in the department of insurance fund
established by IC 27-1-3-28:
(1) five hundred dollars ($500) per day for the first ten (10)
days of noncompliance; and
(2) one thousand dollars ($1,000) per day for the eleventh day
and each subsequent day of noncompliance.
(c) Upon receiving notice under subsection (a), a discount medical
card program organization's registration is suspended until the
commissioner determines that the discount medical card program
organization is in compliance with this chapter.
As added by P.L.73-2006, SEC.3.