Indiana 2025 Regular Session

Indiana House Bill HB1606 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	Introduced Version
3	3	HOUSE BILL No. 1606
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 27-1-24.5; IC 27-1-44.5-12; IC 27-1-48.5.
7	7	Synopsis: Pharmacy benefit managers. Prohibits a pharmacy benefit
8	8	manager from taking certain actions. Requires a pharmacy benefit
9	9	manager to submit a report to the insurance commissioner every six
10	10	months. (Current law requires a pharmacy benefit manager to submit
11	11	the report annually.) Provides that if a contract holder requests an audit
12	12	of compliance with the contract from a pharmacy benefit manager, the
13	13	pharmacy benefit manager must provide the audit requested to the
14	14	contract holder not later than 30 business days after receiving the
15	15	request. Removes the provision specifying that the files or forms
16	16	disclosed to the contract holder by the pharmacy benefit manager as
17	17	part of an audit of compliance with the contract may be modified to
18	18	redact trade secrets. Establishes civil penalties that the department of
19	19	insurance (department) shall impose for a violation of the provisions
20	20	concerning pharmacy benefit managers. Requires a pharmacy benefit
21	21	manager to provide additional information in the pharmacy benefit
22	22	manager's report to the department. Requires, after June 30, 2025, a
23	23	health payer to include information relating to prescription drug pricing
24	24	in the data submitted to the all payer claims data base by the health
25	25	payer. Requires a health plan to credit toward a covered individual's
26	26	deductible and annual maximum out-of-pocket expenses any amount
27	27	the covered individual pays directly to any health care provider for a
28	28	medically necessary covered health care service if a claim for the
29	29	health care service is not submitted to the health plan and the amount
30	30	paid by the covered individual to the health care provider is less than
31	31	the average discounted rate for the health care service paid to a health
32	32	care provider in the health plan's network.
33	33	Effective: July 1, 2025; January 1, 2026.
34	34	McGuire, Barrett, King, Isa
35	35	January 21, 2025, read first time and referred to Committee on Insurance.
36	36	2025 IN 1606—LS 7630/DI 141 Introduced
37	37	First Regular Session of the 124th General Assembly (2025)
38	38	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
39	39	Constitution) is being amended, the text of the existing provision will appear in this style type,
40	40	additions will appear in this style type, and deletions will appear in this style type.
41	41	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
42	42	provision adopted), the text of the new provision will appear in this style type. Also, the
43	43	word NEW will appear in that style type in the introductory clause of each SECTION that adds
44	44	a new provision to the Indiana Code or the Indiana Constitution.
45	45	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
46	46	between statutes enacted by the 2024 Regular Session of the General Assembly.
47	47	HOUSE BILL No. 1606
48	48	A BILL FOR AN ACT to amend the Indiana Code concerning
49	49	insurance.
50	50	Be it enacted by the General Assembly of the State of Indiana:
51	51	1 SECTION 1. IC 27-1-24.5-16.5 IS ADDED TO THE INDIANA
52	52	2 CODE AS A NEW SECTION TO READ AS FOLLOWS
53	53	3 [EFFECTIVE JULY 1, 2025]: Sec. 16.5. As used in this chapter,
54	54	4 "spread pricing" means the practice in which a pharmacy benefit
55	55	5 manager charges a health plan a different amount for pharmacist
56	56	6 services than the amount the pharmacy benefit manager
57	57	7 reimburses a pharmacy for the pharmacist services.
58	58	8 SECTION 2. IC 27-1-24.5-19, AS AMENDED BY P.L.196-2021,
59	59	9 SECTION 22, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
60	60	10 JULY 1, 2025]: Sec. 19. (a) A pharmacy benefit manager shall provide
61	61	11 equal access and incentives to all pharmacies within the pharmacy
62	62	12 benefit manager's network.
63	63	13 (b) A pharmacy benefit manager may not do any of the following:
64	64	14 (1) Condition participation in any network on accreditation,
65	65	15 credentialing, or licensing of a pharmacy, other than a license or
66	66	16 permit required by the Indiana board of pharmacy or other state
67	67	17 or federal regulatory authority for the services provided by the
68	68	2025 IN 1606—LS 7630/DI 141 2
69	69	1 pharmacy. However, nothing in this subdivision precludes the
70	70	2 department from providing credentialing or accreditation
71	71	3 standards for pharmacies.
72	72	4 (2) Discriminate against any pharmacy.
73	73	5 (3) Directly or indirectly retroactively deny a claim or aggregate
74	74	6 of claims after the claim or aggregate of claims has been
75	75	7 adjudicated, unless any of the following apply:
76	76	8 (A) The original claim was submitted fraudulently.
77	77	9 (B) The original claim payment was incorrect because the
78	78	10 pharmacy or pharmacist had already been paid for the drug.
79	79	11 (C) The pharmacist services were not properly rendered by the
80	80	12 pharmacy or pharmacist.
81	81	13 (4) Reduce, directly or indirectly, payment to a pharmacy for
82	82	14 pharmacist services to an effective rate of reimbursement,
83	83	15 including permitting an insurer or plan sponsor to make such a
84	84	16 reduction.
85	85	17 (5) Reimburse a pharmacy that is affiliated with the pharmacy
86	86	18 benefit manager, other than solely being included in the pharmacy
87	87	19 benefit manager's network, at a greater reimbursement rate than
88	88	20 other pharmacies in the same network.
89	89	21 (6) Impose limits, including quantity limits or refill frequency
90	90	22 limits, on a pharmacy's access to medication that differ from those
91	91	23 existing for a pharmacy benefit manager affiliate.
92	92	24 (7) Share any covered individual's information including
93	93	25 de-identified covered individual information, received from a
94	94	26 pharmacy or pharmacy benefit manager affiliate, except as
95	95	27 permitted by the federal Health Insurance Portability and
96	96	28 Accountability Act (HIPAA) (P.L.104-191).
97	97	29 (8) Require a covered individual, as a condition of payment or
98	98	30 reimbursement, to purchase pharmacist services, including
99	99	31 prescription drugs, exclusively through a pharmacy benefit
100	100	32 manager affiliate.
101	101	33 (9) Prohibit or limit any covered individual from selecting an
102	102	34 in network pharmacy or pharmacist of the covered
103	103	35 individual's choice that meets and agrees to the terms and
104	104	36 conditions in the pharmacy benefit manager's contract.
105	105	37 (10) Impose a monetary advantage or penalty under a health
106	106	38 plan that would affect a covered individual's choice of
107	107	39 pharmacy among the pharmacies that have chosen to contract
108	108	40 with the pharmacy benefit manager, under the same terms
109	109	41 and conditions described in subdivision (9).
110	110	42 (11) Retroactively:
111	111	2025 IN 1606—LS 7630/DI 141 3
112	112	1 (A) impose fees on a pharmacy; or
113	113	2 (B) reduce the reimbursement amount for pharmacist
114	114	3 services issued by the pharmacy.
115	115	4 A violation of this subsection by a pharmacy benefit manager
116	116	5 constitutes an unfair or deceptive act or practice in the business of
117	117	6 insurance under IC 27-4-1-4.
118	118	7 SECTION 3. IC 27-1-24.5-21, AS ADDED BY P.L.68-2020,
119	119	8 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
120	120	9 JULY 1, 2025]: Sec. 21. (a) Beginning June 1, 2021, and annually
121	121	10 every six (6) months thereafter, a pharmacy benefit manager shall
122	122	11 submit a report containing data from the immediately preceding
123	123	12 calendar year six (6) months to the commissioner. The commissioner
124	124	13 shall determine what must be included in the report and consider the
125	125	14 following information to be included in the report:
126	126	15 (1) The aggregate amount of all rebates that the pharmacy benefit
127	127	16 manager received from all pharmaceutical manufacturers for:
128	128	17 (A) all insurers; and
129	129	18 (B) each insurer;
130	130	19 with which the pharmacy benefit manager contracted during the
131	131	20 immediately preceding calendar year. six (6) months.
132	132	21 (2) The aggregate amount of administrative fees that the
133	133	22 pharmacy benefit manager received from all pharmaceutical
134	134	23 manufacturers for:
135	135	24 (A) all insurers; and
136	136	25 (B) each insurer;
137	137	26 with which the pharmacy benefit manager contracted during the
138	138	27 immediately preceding calendar year. six (6) months.
139	139	28 (3) The aggregate amount of retained rebates that the pharmacy
140	140	29 benefit manager received from all pharmaceutical manufacturers
141	141	30 and did not pass through to insurers with which the pharmacy
142	142	31 benefit manager contracted during the immediately preceding
143	143	32 calendar year. six (6) months.
144	144	33 (4) The highest, lowest, and mean aggregate retained rebate for:
145	145	34 (A) all insurers; and
146	146	35 (B) each insurer;
147	147	36 with which the pharmacy benefit manager contracted during the
148	148	37 immediately preceding calendar year. six (6) months.
149	149	38 (b) Except as provided in section 29(b) of this chapter, a
150	150	39 pharmacy benefit manager that provides information under this section
151	151	40 may designate the information as a trade secret (as defined in
152	152	41 IC 24-2-3-2). Information designated as a trade secret under this
153	153	42 subsection must not be published unless required under subsection (c).
154	154	2025 IN 1606—LS 7630/DI 141 4
155	155	1 (c) Except as provided in section 29(b) of this chapter, disclosure
156	156	2 of information designated as a trade secret under subsection (b) may be
157	157	3 ordered by a court of Indiana for good cause shown or made in a court
158	158	4 filing.
159	159	5 SECTION 4. IC 27-1-24.5-25, AS AMENDED BY P.L.152-2024,
160	160	6 SECTION 12, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
161	161	7 JULY 1, 2025]: Sec. 25. (a) A contract holder may, one (1) time in a
162	162	8 calendar year and not earlier than six (6) months following a previously
163	163	9 requested audit, request an audit of compliance with the contract. If
164	164	10 requested by the contract holder, the audit shall include full disclosure
165	165	11 of the following data specific to the contract holder:
166	166	12 (1) Rebate amounts secured on prescription drugs, whether
167	167	13 product specific or general rebates, that were provided by a
168	168	14 pharmaceutical manufacturer. The information provided under
169	169	15 this subdivision must identify the prescription drugs by
170	170	16 therapeutic category.
171	171	17 (2) Pharmaceutical and device claims received by the pharmacy
172	172	18 benefit manager on any of the following:
173	173	19 (A) The CMS-1500 form or its successor form.
174	174	20 (B) The HCFA-1500 form or its successor form.
175	175	21 (C) The HIPAA X12 837P electronic claims transaction for
176	176	22 professional services, or its successor transaction.
177	177	23 (D) The HIPAA X12 837I institutional form or its successor
178	178	24 form.
179	179	25 (E) The CMS-1450 form or its successor form.
180	180	26 (F) The UB-04 form or its successor form.
181	181	27 The forms or transaction may be modified as necessary to comply
182	182	28 with the federal Health Insurance Portability and Accountability
183	183	29 Act (HIPAA) (P.L. 104-191). or to redact a trade secret (as
184	184	30 defined in IC 24-2-3-2).
185	185	31 (3) Pharmaceutical and device claims payments or electronic
186	186	32 funds transfer or remittance advice notices provided by the
187	187	33 pharmacy benefit manager as ASC X12N 835 files or a successor
188	188	34 format. The files may be modified as necessary to comply with
189	189	35 the federal Health Insurance Portability and Accountability Act
190	190	36 (HIPAA) (P.L. 104-191). or to redact a trade secret (as defined in
191	191	37 IC 24-2-3-2). In the event that paper claims are provided, the
192	192	38 pharmacy benefit manager shall convert the paper claims to the
193	193	39 ASC X12N 835 electronic format or a successor format.
194	194	40 (4) Any other revenue and fees derived by the pharmacy benefit
195	195	41 manager from the contract, including all direct and indirect
196	196	42 remuneration from pharmaceutical manufacturers regardless of
197	197	2025 IN 1606—LS 7630/DI 141 5
198	198	1 whether the remuneration is classified as a rebate, fee, or another
199	199	2 term.
200	200	3 (b) A pharmacy benefit manager may not impose the following:
201	201	4 (1) Fees for:
202	202	5 (A) requesting an audit under this section; or
203	203	6 (B) selecting an auditor other than an auditor designated by the
204	204	7 pharmacy benefit manager.
205	205	8 (2) Conditions that would restrict a contract holder's right to
206	206	9 conduct an audit under this section, including restrictions on the:
207	207	10 (A) time period of the audit;
208	208	11 (B) number of claims analyzed;
209	209	12 (C) type of analysis conducted;
210	210	13 (D) data elements used in the analysis; or
211	211	14 (E) selection of an auditor as long as the auditor:
212	212	15 (i) does not have a conflict of interest;
213	213	16 (ii) meets a threshold for liability insurance specified in the
214	214	17 contract between the parties;
215	215	18 (iii) does not work on a contingent fee basis; and
216	216	19 (iv) does not have a history of breaching nondisclosure
217	217	20 agreements.
218	218	21 (c) A pharmacy benefit manager shall disclose, upon request from
219	219	22 a contract holder, to the contract holder the actual amounts directly or
220	220	23 indirectly paid by the pharmacy benefit manager to the pharmacist or
221	221	24 pharmacy for the drug and for pharmacist services related to the drug.
222	222	25 (d) A pharmacy benefit manager shall provide notice to a contract
223	223	26 holder contracting with the pharmacy benefit manager of any
224	224	27 consideration, including direct or indirect remuneration, that the
225	225	28 pharmacy benefit manager receives from a pharmaceutical
226	226	29 manufacturer or group purchasing organization for formulary
227	227	30 placement or any other reason.
228	228	31 (e) The commissioner may establish a procedure to release
229	229	32 information from an audit performed by the department to a contract
230	230	33 holder that has requested an audit under this section in a manner that
231	231	34 does not violate confidential or proprietary information laws.
232	232	35 (f) A contract that is entered into, issued, amended, or renewed after
233	233	36 June 30, 2024, may not contain a provision that violates this section.
234	234	37 (g) A pharmacy benefit manager shall:
235	235	38 (1) obtain any information requested in an audit under this section
236	236	39 from a group purchasing organization or other partner entity of
237	237	40 the pharmacy benefit manager; and
238	238	41 (2) confirm receipt of a request for an audit under this section to
239	239	42 the contract holder not later than ten (10) business days after the
240	240	2025 IN 1606—LS 7630/DI 141 6
241	241	1 information is requested; and
242	242	2 (3) provide the audit requested under this section to the
243	243	3 contract holder not later than thirty (30) business days after
244	244	4 receiving the request.
245	245	5 (h) Information provided in an audit under this section must be
246	246	6 provided in accordance with the federal Health Insurance Portability
247	247	7 and Accountability Act (HIPAA) (P.L. 104-191).
248	248	8 SECTION 5. IC 27-1-24.5-27.7 IS ADDED TO THE INDIANA
249	249	9 CODE AS A NEW SECTION TO READ AS FOLLOWS
250	250	10 [EFFECTIVE JULY 1, 2025]: Sec. 27.7. A pharmacy benefit
251	251	11 manager may not engage in spread pricing.
252	252	12 SECTION 6. IC 27-1-24.5-28, AS ADDED BY P.L.68-2020,
253	253	13 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
254	254	14 JANUARY 1, 2026]: Sec. 28. (a) A violation of this chapter is an
255	255	15 unfair or deceptive act or practice in the business of insurance under
256	256	16 IC 27-4-1-4.
257	257	17 (b) The department may also adopt rules under IC 4-22-2 to set forth
258	258	18 fines for a violation under this chapter.
259	259	19 (b) Except as provided in subsections (c) and (d), the
260	260	20 department shall impose a civil penalty for a violation of this
261	261	21 chapter, in the following amounts:
262	262	22 (1) One thousand dollars ($1,000) for the first violation.
263	263	23 (2) Five thousand dollars ($5,000) for the second violation.
264	264	24 (3) Ten thousand dollars ($10,000) for each additional
265	265	25 violation.
266	266	26 (c) If a pharmacy benefit manager has been assessed a civil
267	267	27 penalty under subsection (b) for a violation of this chapter, the
268	268	28 pharmacy benefit manager shall have thirty (30) calendar days to
269	269	29 correct the violation before the pharmacy benefit manager may be
270	270	30 assessed another civil penalty under subsection (b).
271	271	31 (d) If a pharmacy benefit manager has been assessed a civil
272	272	32 penalty under subsection (b) for a violation of this chapter that
273	273	33 resulted from a clerical error or unintentional omission on the part
274	274	34 of the pharmacy benefit manager, the department shall not
275	275	35 escalate the civil penalty imposed on the pharmacy benefit
276	276	36 manager under subsection (b).
277	277	37 (e) If a pharmacy benefit manager has been assessed multiple
278	278	38 civil penalties for violations of this chapter, the department may
279	279	39 revoke the pharmacy benefit manager's license issued by the
280	280	40 commissioner under section 18 of this chapter.
281	281	41 SECTION 7. IC 27-1-24.5-29, AS ADDED BY P.L.166-2023,
282	282	42 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
283	283	2025 IN 1606—LS 7630/DI 141 7
284	284	1 JULY 1, 2025]: Sec. 29. (a) At least every six (6) months, a pharmacy
285	285	2 benefit manager shall provide a report to the department.
286	286	3 (b) A report under subsection (a) must include the following
287	287	4 information:
288	288	5 (1) The overall aggregate amount charged to a health plan for all
289	289	6 pharmaceutical claims processed by the pharmacy benefit
290	290	7 manager for the immediately preceding six (6) months. and
291	291	8 (2) The overall aggregate amount paid to pharmacies for claims
292	292	9 processed by the pharmacy benefit manager for the immediately
293	293	10 preceding six (6) months.
294	294	11 (3) The overall aggregate amount of all rebates that the
295	295	12 pharmacy benefit manager received from all pharmaceutical
296	296	13 manufacturers for:
297	297	14 (A) all insurers; and
298	298	15 (B) each insurer;
299	299	16 with which the pharmacy benefit manager contracted during
300	300	17 the immediately preceding six (6) months.
301	301	18 (4) The overall aggregate amount of administrative fees that
302	302	19 the pharmacy benefit manager received from all
303	303	20 pharmaceutical manufacturers for:
304	304	21 (A) all insurers; and
305	305	22 (B) each insurer;
306	306	23 with which the pharmacy benefit manager contracted during
307	307	24 the immediately preceding six (6) months.
308	308	25 (5) The overall aggregate amount of retained rebates that the
309	309	26 pharmacy benefit manager received from all pharmaceutical
310	310	27 manufacturers and did not pass through to insurers with
311	311	28 which the pharmacy benefit manager contracted during the
312	312	29 immediately preceding six (6) months.
313	313	30 (c) Upon request, the department shall make a report received under
314	314	31 subsection (a) available to the members of the general assembly in an
315	315	32 electronic format under IC 5-14-6.
316	316	33 SECTION 8. IC 27-1-44.5-12 IS ADDED TO THE INDIANA
317	317	34 CODE AS A NEW SECTION TO READ AS FOLLOWS
318	318	35 [EFFECTIVE JULY 1, 2025]: Sec. 12. After June 30, 2025, a health
319	319	36 payer shall include in the data submitted to the data base under
320	320	37 this chapter the following pricing information relating to a
321	321	38 prescription drug covered by the health payer:
322	322	39 (1) The wholesale price.
323	323	40 (2) The retail price.
324	324	41 (3) The negotiated price.
325	325	42 SECTION 9. IC 27-1-48.5 IS ADDED TO THE INDIANA CODE
326	326	2025 IN 1606—LS 7630/DI 141 8
327	327	1 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
328	328	2 JULY 1, 2025]:
329	329	3 Chapter 48.5. Out-of-Pocket Expense Credit
330	330	4 Sec. 1. This chapter applies to a health plan entered into or
331	331	5 renewed after June 30, 2025.
332	332	6 Sec. 2. As used in this chapter, "covered individual" means an
333	333	7 individual entitled to coverage under a health plan.
334	334	8 Sec. 3. As used in this chapter, "health care provider" means an
335	335	9 individual or entity that is licensed, certified, registered, or
336	336	10 regulated by an entity described in IC 25-0.5-11.
337	337	11 Sec. 4. (a) As used in this chapter, "health care services" means
338	338	12 any services or products rendered by a health care provider within
339	339	13 the scope of the provider's license or legal authorization.
340	340	14 (b) The term includes hospital, medical, surgical, and
341	341	15 pharmaceutical services or products.
342	342	16 Sec. 5. (a) As used in this chapter, "health plan" means any of
343	343	17 the following:
344	344	18 (1) A self-insurance program established under IC 5-10-8-7(b)
345	345	19 to provide group coverage.
346	346	20 (2) A prepaid health care delivery plan through which health
347	347	21 services are provided under IC 5-10-8-7(c).
348	348	22 (3) A policy of accident and sickness insurance as defined in
349	349	23 IC 27-8-5-1, but not including any insurance, plan, or policy
350	350	24 set forth in IC 27-8-5-2.5(a).
351	351	25 (4) An individual contract (as defined in IC 27-13-1-21) or a
352	352	26 group contract (as defined in IC 27-13-1-16) with a health
353	353	27 maintenance organization that provides coverage for basic
354	354	28 health care services (as defined in IC 27-13-1-4).
355	355	29 (5) A self-funded health benefit plan that complies with the
356	356	30 federal Employee Retirement Income Security Act (ERISA)
357	357	31 of 1974 (29 U.S.C. 1001 et seq.).
358	358	32 (b) The term includes a person that administers any of the
359	359	33 following:
360	360	34 (1) A self-insurance program established under IC 5-10-8-7(b)
361	361	35 to provide group coverage.
362	362	36 (2) A prepaid health care delivery plan through which health
363	363	37 services are provided under IC 5-10-8-7(c).
364	364	38 (3) A policy of accident and sickness insurance as defined in
365	365	39 IC 27-8-5-1, but not including any insurance, plan, or policy
366	366	40 set forth in IC 27-8-5-2.5(a).
367	367	41 (4) An individual contract (as defined in IC 27-13-1-21) or a
368	368	42 group contract (as defined in IC 27-13-1-16) with a health
369	369	2025 IN 1606—LS 7630/DI 141 9
370	370	1 maintenance organization that provides coverage for basic
371	371	2 health care services (as defined in IC 27-13-1-4).
372	372	3 (5) A self-funded health benefit plan that complies with the
373	373	4 federal Employee Retirement Income Security Act (ERISA)
374	374	5 of 1974 (29 U.S.C. 1001 et seq.).
375	375	6 Sec. 6. As used in this chapter, "network" means a group of
376	376	7 health care providers that:
377	377	8 (1) provide health care services to covered individuals; and
378	378	9 (2) have agreed to, or are otherwise subject to, maximum
379	379	10 limits on the prices for the health care services to be provided
380	380	11 to the covered individuals.
381	381	12 Sec. 7. A health plan shall credit toward a covered individual's
382	382	13 deductible and annual maximum out-of-pocket expenses any
383	383	14 amount the covered individual pays directly to any health care
384	384	15 provider for a medically necessary covered health care service if a
385	385	16 claim for the health care service is not submitted to the health plan
386	386	17 and the amount paid by the covered individual to the health care
387	387	18 provider is less than the average discounted rate for the health care
388	388	19 service paid to a health care provider in the health plan's network.
389	389	20 Sec. 8. A health plan shall:
390	390	21 (1) establish a procedure by which a covered individual may
391	391	22 claim a credit under section 7 of this chapter; and
392	392	23 (2) identify documentation necessary to support a claim for a
393	393	24 credit under section 7 of this chapter.
394	394	25 Sec. 9. A health plan shall display information about the
395	395	26 procedure and documentation described in section 8 of this chapter
396	396	27 on its website.
397	397	28 Sec. 10. The department shall adopt rules under IC 4-22-2 to
398	398	29 effectuate the provisions of this chapter.
399	399	30 SECTION 10. [EFFECTIVE JULY 1, 2025] (a) The Indiana
400	400	31 department of insurance shall amend its administrative rules to
401	401	32 conform with IC 27-1-24.5-28, as amended by this act.
402	402	33 (b) The Indiana department of insurance shall begin the process
403	403	34 of amending its administrative rules under subsection (a) not later
404	404	35 than December 31, 2025.
405	405	36 (c) This SECTION expires July 1, 2028.
406	406	2025 IN 1606—LS 7630/DI 141