1. (a) As used in this chapter, "health insurance coverage" includes:

   1. (1) an individual policy of accident and sickness insurance (as defined in IC 27-8-5-1 );
   2. (2) an individual contract (as defined in IC 27-13-1-21 ) that provides coverage for basic health care services (as defined in IC 27-13-1-4 ); and

   3. (3) any other health plan that is issued on an individual basis;

      that is subject to state law regulating insurance and offers health insurance coverage (as defined in 42 U.S.C. 300gg-91). The term includes coverage of a dependent of the covered individual under an individual policy or contract described in subdivisions (1) through (3).

2. (b) The term does not include a self-funded health benefit plan that complies with the federal Employee Retirement Income Security Act (ERISA) of 1974 (29 U.S.C. 1001 et seq.).

As added by P.L.166-2023, SEC.2. Amended by P.L.9-2024, SEC.481.