IC 27-13-14-1: Determination of liabilities

Sec. 1. When determining its liabilities, a health maintenance organization shall include an amount estimated in the aggregate to provide:

(1) for any unearned premium;

(2) for the payment of all claims for health care expenditures, whether reported or unreported:

(A) that have been incurred;

(B) that are unpaid; and

(C) for which the organization is or may be liable; and

(3) for the expense of adjustment or settlement of claims described in subdivision (2).