Sec. 5. (a) As used in this chapter, for calendar year 1996, "higher deductible" means a deductible of: (1) not less than one thousand dollars ($1,000); and (2) not more than five thousand dollars ($5,000). (b) For calendar years after 1996, the term means a deductible of: (1) not less than the figure set forth in subsection (a)(1), adjusted under subsection (c); and (2) not more than the figure set forth in subsection (a)(2), adjusted under subsection (c). (c) The adjustments referred to in subsections (b)(1) and (b)(2): (1) may reflect increases in the general level of prices since 1995; and (2) must be based on: (A) the Consumer Price Index updated monthly by the Bureau of Labor Statistics of the United States Department of Labor; or (B) other figures issued by the government of the United States to indicate increases in the general level of prices in the United States.
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