{"data":{"id":"us-in/ic-27-8-8-16.2","jurisdiction":"us-in","citation":"IC 27-8-8-16.2","heading":"Premium surcharge or assignment in lieu of credit","body":"Sec. 16.2. (a) A member insurer that is not eligible to take a credit under section 16 of this chapter may, after approval by the commissioner, place a surcharge on the member insurer's premiums in a sum reasonably calculated to recoup the member insurer's assessments over a reasonable period, as approved by the commissioner.\n(b) Any amount recouped under subsection (a) is not considered to be a premium for any other purpose, including computation of gross premium tax, medical loss ratio, or insurance producer commission.\n(c) In lieu of the surcharge allowed by subsection (a), a member insurer that is not eligible to take a credit under section 16 of this chapter may assign the credit to the member insurer's affiliate (as defined in IC 27-1-23-1(b)).","path":["TITLE 27. INSURANCE","ARTICLE 8. LIFE, ACCIDENT, AND HEALTH","Chapter 8. Indiana Life and Health Insurance Guaranty Association Law"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-8-8-16.2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"5fe7840f9064ea6af5557d3cbff7f03dd678001077ea4759b5778ec5c77cb2fd","source_id":"us-in","stale":false,"prev":"us-in/ic-27-8-8-16","next":"us-in/ic-27-8-8-17"},"notice":"GroundRules: Original legal text. Not legal advice."}