Summary of Commercial Lines Deregulation Laws
INDIANA

  State Exemption Exempt Policyholder Criteria Other Provisions
Indiana

Effective 7/1/99

Rate only

Insurance issued to ECPs is exempt from rate filing requirements. ECP definition:

--makes written certification to insurer

--purchases policy through licensed agent

--meets 3 of the following criteria:

--net worth of at least $25M

--net revenue of at least $50M

--at least 25 employees/company or 50 employees/holding company

--aggregate premiums of at least $75K

--non-profit/public entity with annual budget/assets of at least $25M

--use of risk manager to buy insurance

Excludes workers comp and professional liability insurance

Risk manager may be full time employee qualified by education & experience or training & experience or a person retained by an ECP who holds professional designation relevant to the type of insurance being purchased.

Annual reporting requirement for insurers

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