(b) The term does not include the following:

1. (1) Accident only, credit, dental, vision, Medicare supplement, long term care, or disability income insurance.
2. (2) Coverage issued as a supplement to liability insurance.
3. (3) Worker's compensation or similar insurance.
4. (4) Automobile medical payment insurance.
5. (5) A specified disease 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 indemnity benefits not based on any expense incurred requirement, including a plan that provides coverage for:

   1. (A) hospital confinement, critical illness, or intensive care; or
   2. (B) gaps for deductibles or copayments.
8. (8) A supplemental plan that always pays in addition to other coverage.
9. (9) A student health plan.

10. (10) An employer sponsored health benefit plan that is:

    1. (A) provided to individuals who are eligible for Medicare; and

    2. (B) not marketed as, or held out to be, a Medicare supplement policy.

       Formerly: Acts 1975, P.L.282, SEC.1. As amended by P.L.173-2007, SEC.28; P.L.86-2018, SEC.207; P.L.288-2019, SEC.5.