2006 Indiana Code - CHAPTER 5. FIDUCIARY RESPONSIBILITIES

IC 27-13-5
     Chapter 5. Fiduciary Responsibilities

IC 27-13-5-1
Persons having fiduciary responsibilities
     Sec. 1. Any:
        (1) director;
        (2) officer;
        (3) employee; or
        (4) partner;
of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the organization has a fiduciary responsibility to the organization for the funds.
As added by P.L.26-1994, SEC.25.

IC 27-13-5-2
Fidelity bond or fidelity insurance
     Sec. 2. A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on the directors, officers, employees, and partners referred to in section 1 of this chapter:
        (1) in an amount:
            (A) not less than two hundred and fifty thousand dollars ($250,000) for each health maintenance organization; or
            (B) not more than five million dollars ($5,000,000) in the aggregate on behalf of all health maintenance organizations owned by a common parent organization; or
        (2) in an amount prescribed by the commissioner.
As added by P.L.26-1994, SEC.25.