12-15-41-9. Annual review of premiums; adjustment of premiums

IN Code § 12-15-41-9 (2019) (N/A)
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Sec. 9. (a) The office shall annually review the amount of the premium that an individual is required to pay under section 8 of this chapter.

(b) In addition to the annual review required under subsection (a), the office shall adjust the premium that an individual is required to pay under section 8 of this chapter if:

(1) a change in the individual's income or family size is verified; and

(2) the sliding scale adopted under section 7 of this chapter applied to the individual's changed circumstances prescribes a premium for the individual that is different from the premium the individual is paying.

As added by P.L.287-2001, SEC.9. Amended by P.L.26-2003, SEC.3.