{"data":{"id":"us-in/ic-27-8-8-2.1","jurisdiction":"us-in","citation":"IC 27-8-8-2.1","heading":"Policy, contract, rider descriptions; plan sponsor; residency","body":"Sec. 2.1. (a) For purposes of this chapter:\n(1) a policy or contract issued on a blanket basis is a group policy or group contract;\n(2) each individual insured under a policy or contract issued on a blanket basis is a certificate holder under the policy or contract; and\n(3) a policy or contract issued on a franchise plan to members of a qualified group is a nongroup policy or nongroup contract.\n(b) For purposes of this chapter, a benefit plan may have only one (1) plan sponsor.\n(c) For purposes of this chapter, an individual who, on the applicable coverage date:\n(1) is a citizen of the United States; and\n(2) resides in a:\n(A) foreign country; or\n(B) United States possession, territory, or protectorate;\nthat does not have an association similar to the association created by this chapter;\nis considered to be a resident of the state of domicile of the insurer that issued the policies or contracts.\n(d) For purposes of this chapter, benefits provided under a long term care insurance rider to:\n(1) a life insurance policy; or\n(2) an annuity contract;\nare considered to be the same kind of benefits as the benefits under the life insurance policy or annuity contract to which the rider benefits relate.","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#27-8-8-2.1","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"c9d86e59f89b4112ede6d39d31a34c9b3a33b0c8e894fb1d5ed50c86e55acebd","source_id":"us-in","stale":false,"prev":"us-in/ic-27-8-8-2","next":"us-in/ic-27-8-8-2.3"},"notice":"GroundRules: Original legal text. Not legal advice."}