1. (a) As used in this chapter, "policy of accident and sickness insurance" has the meaning set forth in IC 27-8-5-1 .

2. (b) The term does not include the following:

   1. (1) Accident only, credit, dental, vision, Medicare, Medicare supplement, long term care, or disability income insurance.
   2. (2) Coverage issued as a supplement to liability insurance.
   3. (3) Automobile medical payment insurance.
   4. (4) A specified disease policy.
   5. (5) A limited benefit health insurance policy.

   6. (6) A short term insurance plan that:

      1. (A) may be renewed for the greater of:

         1. (i) thirty-six (36) months; or
         2. (ii) the maximum period permitted under federal law;
      2. (B) has a term of not more than three hundred sixty-four (364) days; and
      3. (C) has an annual limit of at least two million dollars ($2,000,000).
   7. (7) A policy that provides a stipulated daily, weekly, or monthly payment to an insured during hospital confinement, without regard to the actual expense of the confinement.
   8. (8) Worker's compensation or similar insurance.
   9. (9) A student health insurance policy.

As added by P.L.109-2008, SEC.2. Amended by P.L.288-2019, SEC.19.