In the administration and provision for malpractice liability insurance by the authority, the risk manager shall do the following:
- (1) Obey all Indiana statutes and rules that apply to insurance described in IC 27-1-5-1 , Class 2(h).
- (2) Prepare and file appropriate forms with the department of insurance.
- (3) Prepare and file premium rates with the department of insurance.
- (4) Perform the underwriting function.
- (5) Dispose of all claims and litigations arising out of insurance policies.
- (6) Maintain adequate books and records.
- (7) File an annual financial statement regarding its operations under this chapter with the department of insurance on forms prescribed by the commissioner.
- (8) Obtain private reinsurance for the authority, if necessary.
- (9) Prepare and file for approval of the commissioner a schedule of agent's compensation.
(10) Prepare and file a plan of operations with the commissioner for approval.
[Pre-1998 Recodification Citation: 27-12-17-4.]
As added by P.L.1-1998, SEC.13.