Updates
March 2017
New Indiana Insurance Department Bulletin Changes TPA Licensing and TPA Renewals

A recent Indiana Department of Insurance Bulletin announces a change regarding how the Department will issue initial third party administrator licenses and renew existing licenses for nonresident third party administrators (TPA) in Indiana. The change came on March 2 when Indiana Insurance Commissioner Stephen Robertson issued Bulletin 236.

Under IC 27-1-25-12.2, a nonresident administrator is not eligible for a nonresident administrator license unless the nonresident administrator is licensed as a resident administrator in a home state that has TPA laws or regulations that are substantially similar to Indiana’s TPA laws.

To view the full alert, click here.

To learn more about Polsinelli's Third Party Administrator Licensing and Compliance Services practice, click here.