The Company Compliance Division is responsible for:
Rate and form filings review for all product lines of insurance to be sold in Indiana. They are examined for compliance with Indiana laws and regulations. Rates and form are filed either through the SERFF electronic filing format or via paper forms.
Maintaining records of policy forms approved for use in Indiana and making those records available to the public.
Answering questions related to policy forms, rates, filing procedures, definitions, etc.
Billing insurance companies and third party filers for associated filing fees, quarterly.
Conducting annual Compliance Seminars to allow a public forum for discussion of IDOI review practices and 317-procedures.
Serving as a resource for legislators on any insurance related issues or questions.
Serving as a resource for Consumer Protection Consultants with consumer complaints.
Process and renew applications for preferred provider organizations, PEOs and risk purchasing groups.
Company Licensing: Coral Shelley
Processes company applications for licensure to conduct business in Indiana, which includes insurance companies, health maintenance organizations, insurance administrators, managing general agents, reinsurance intermediaries and school pooling.
Renews applications for insurance administrators, managing general agents and reinsurance intermediaries
Administrative Assistant: Kathy Mathis
Deposits/Certifications: Darcy Shawver
Company Records: Mary Ann Williams
Maintains a listing of all insurance companies licensed in Indiana
Maintains the public files of licensed insurance companies, which include annual statements, quarterly statements, audited financial statements, examination reports and corporate files
Maintains statutory deposits of insurance companies for policy-holder protection
Monitors insurance company compliance with Indiana Insurance Investment Statutes
Maintains fidelity bonds posted with the Department of Insurance by insurance companies
Premium Tax & Retaliatory Fees: Debra Graves
Collects and audits premium tax filings for all licensed companies
Collects and audits annual renewal and retaliatory fee filings for all licensed companies
Surplus Lines: Brenda Lear
Issues and renews resident and non-resident surplus lines producer and agency licenses;
Maintains the surplus lines producer and agency information
Collects and audits surplus lines premium tax filings
Political Subdivision Risk Management Fund: Sherry Barnes
Oversees the Indiana Political Subdivision Risk Management Fund and supports the Commission that oversees the fund
Serves as a resource for LTC agents, companies writing LTC, and consumers with questions related to LTC issues.
Reviews long term care and long term care partnership form filings for compliance with Indiana laws and regulations.
Participates in national discussions for new partnership state plans and existing ones.
Administration and Registration for Review Agents and Discount Medical Program Organizations
Processes new and renewal applications for: Discount Medical Program Organizations; Independent Review Organizations; Medical Claims Review Agents and/or Medical Claims Review Consultants; and Utilization Review Agents. Maintains current listing of those entities and individuals on the IDOI website.
Serves as administrator of the Indiana Patient's Compensation Fund, which includes the following tasks:
Processes surcharge payments and certificates of insurance submitted by insurance carriers and/or authorized representatives to qualify health care providers under the Indiana Medical Malpractice Act.
Receives and processes alleged malpractice complaints against health care providers.
Receives qualification requests for determination of health care providers.
Serves as a file repository for all documents filed in regards to alleged malpractice claims, such as appearances, dismissals, requests for formation of medical review panel, panel chairman and members, etc.