34-18-17-3. Appointment of Risk Manager; Liability Limit
Sec. 3. The commissioner shall appoint a risk manager for the authority. The separate, personal, or independent assets of the risk manager are not liable for or subject to use or expenditure for the purpose of providing insurance by the authority. [Pre-1998 Recodification Citation: 27-12-17-3.] As added by P.L.1-1998, SEC.13.
34-18-17-4. Powers and Duties of Risk Manager
Sec. 4. In the administration and provision for malpractice liability insurance by the authority, the risk manager shall do the following: (1) Obey all Indiana statutes and rules that apply to insurance described in IC 27-1-5-1, Class 2(h). (2) Prepare and file appropriate forms with the department of insurance. (3) Prepare and file premium rates […]
34-18-17-5. Compensation of Risk Manager
Sec. 5. The risk manager shall receive, as compensation for services, a percentage of all premiums received by the risk manager under this chapter, as determined by the commissioner. The rate of compensation may be adjusted by the commissioner. [Pre-1998 Recodification Citation: 27-12-17-5.] As added by P.L.1-1998, SEC.13.
34-18-17-6. Applications for Insurance
Sec. 6. If a risk, after diligent effort, has been declined by at least two (2) insurers, the risk may forward an application to the risk manager, together with evidence of the two (2) declinations. [Pre-1998 Recodification Citation: 27-12-17-6.] As added by P.L.1-1998, SEC.13.
34-18-17-7. Rejection of Risk by Manager; Appeal
Sec. 7. If the risk manager declines to accept the risk, notice of declination, together with the reasons, shall be sent to the applicant and the commissioner. The applicant has ten (10) days after the date of notice to file an appeal for review by the commissioner. On appeal, the commissioner shall review the decision […]
34-18-17-8. Investment of Surplus Premiums Over Losses; Segregation of Funds
Sec. 8. All money appropriated by the state and any surplus of premiums over losses and expenses received by the authority shall be placed in a segregated fund and shall be invested and reinvested by the commissioner within the limitations set forth in IC 27-1-13. Investment income generated shall remain in the segregated fund. [Pre-1998 […]
34-18-18-1. Limitation on Fees
Sec. 1. When a plaintiff is represented by an attorney in the prosecution of the plaintiff’s claim subject to IC 34-18-8-4, the plaintiff’s attorney’s fees may not exceed, for an act of malpractice committed: (1) before July 1, 2017, fifteen percent (15%) of any recovery from the fund; and (2) after June 30, 2017, thirty-two […]
34-18-18-2. Per Diem Payment by Written Agreement
Sec. 2. A patient has the right to elect to pay for the attorney’s services on a mutually satisfactory per diem basis. The election, however, must be exercised in written form at the time of employment. [Pre-1998 Recodification Citation: 27-12-18-2.] As added by P.L.1-1998, SEC.13.
34-18-15-3. Demand in Excess of Policy Limits; Procedure
Sec. 3. If a health care provider or its insurer has agreed to settle its liability on a claim by payment of its policy limits established in IC 34-18-14-3(b) and IC 34-18-14-3(d), and the claimant is demanding an amount in excess of that amount, the following procedure must be followed: (1) A petition shall be […]
34-18-15-4. Failure to Pay Settlement or Judgment
Sec. 4. If a health care provider or the health care provider’s surety or liability insurance carrier fails to pay any agreed settlement or final judgment within ninety (90) days, the agreed settlement or final judgment shall be paid from the patient’s compensation fund, and the fund shall be subrogated to any and all of […]