{"data":{"id":"us-in/ic-27-1-4.5-7","jurisdiction":"us-in","citation":"IC 27-1-4.5-7","heading":"Fine for noncompliance; disciplinary action for repeated noncompliance","body":"Sec. 7. (a) The department may assess:\n(1) an insurer;\n(2) a third party administrator; or\n(3) a pharmacy benefit manager;\nthat violates section 5 of this chapter a fine of one thousand dollars ($1,000) per day for which the report is past due.\n(b) A fine under this section shall be deposited into the payer affordability penalty fund established by IC 12-15-1-18.5.\n(c) The department may waive a fine assessed under this section.\n(d) The department may take disciplinary action against:\n(1) an insurer;\n(2) a third party administrator; or\n(3) a pharmacy benefit manager;\nthat is licensed under this title for repeated violations of section 5 of this chapter.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 4.5. Disclosure of Ownership Information"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-4.5-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"57a41f2c0a1874160e5823ac0c212f671a426ee83e4367beab201fc6a7195f52","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-4.5-6","next":"us-in/ic-27-1-4.5-8"},"notice":"GroundRules: Original legal text. Not legal advice."}