As used in this chapter, "accident and sickness insurance policy" means an insurance policy that provides at least one

1. (1) of the types of insurance described in IC 27-1-5-1 , Classes 1(b) and 2(a), and is issued on a group basis. The term does not include the following:
2. (1) Accident only, credit, dental, vision, Medicare, Medicare supplement, long term care, or disability income insurance.
3. (2) Coverage issued as a supplement to liability insurance.
4. (3) Automobile medical payment insurance.
5. (4) A specified disease policy.
6. (5) A limited benefit health insurance policy.

7. (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).
8. (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.
9. (8) Worker's compensation or similar insurance.
10. (9) A student health insurance policy.

As added by P.L.230-2001, SEC.2. Amended by P.L.288-2019, SEC.6.