Sec. 14. (a) An insurer that fails, without just cause (as determined by the commissioner), to timely file an ORSA summary report as required by this chapter shall, after notice and hearing under IC 4-21.5 , pay a civil penalty of one hundred dollars ($100) for each day of noncompliance, not to exceed ten thousand dollars ($10,000). (b) The commissioner may reduce a penalty imposed under subsection (a) if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer. (c) A civil penalty collected under this section shall be deposited in the department of insurance fund established by IC 27-1-3-28 . IC 27-1-24 Chapter 24. Repealed IC 27-1-24.2 Chapter 24.2. Pharmacy Benefits 27-1-24.2-1 Applicability 27-1-24.2-1.5 "Actual acquisition cost" 27-1-24.2-2 "Actual overpayment" 27-1-24.2-3 "Common control" 27-1-24.2-4 "Cost sharing" 27-1-24.2-5 "Health plan" 27-1-24.2-6 "Insured" 27-1-24.2-7 "Insurer" 27-1-24.2-8 "National drug code number" 27-1-24.2-9 "Net amount" 27-1-24.2-10 "Pharmacy" 27-1-24.2-11 "Pharmacy affiliate" 27-1-24.2-12 "Pharmacy benefit manager" 27-1-24.2-13 "Pharmacy or pharmacist services" 27-1-24.2-14 Network requirements; annual report; review of a network; confidential information and data 27-1-24.2-15 Required provisions in a contract between a pharmacy or pharmacist and a pharmacy benefit manager; prohibition on requesting a refund or making a recoupment of a dispensing fee if the correct medication was dispensed 27-1-24.2-16 Prohibited actions 27-1-24.2-17 Complaint for violation of chapter; investigation 27-1-24.2-18 State employee health plan use of a pharmacy benefit manager 27-1-24.2-19 Prohibited actions by a third party administrator 27-1-24.2-20 Reimbursement for monetary loss incurred as a result of a violation of this chapter 27-1-24.2-21 Conflict with federal law Effective 1-1-2026.
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