Sec. 16. (a) If a health carrier fails or refuses:
(1) to provide a good faith estimate as required by this chapter; or
(2) to provide notice on the health carrier's Internet web site as required by section 15 of this chapter;
the insurance commissioner may, after notice and hearing under IC 4-21.5, impose on the health carrier a civil penalty of not more than one thousand dollars ($1,000) for each day of noncompliance.
(b) A health carrier may satisfy the requirements of this chapter described in subsection (a)(1) and (a)(2) by complying with the requirements set forth in Section 2799A–1 of the federal Public Health Service Act, as added by Public Law 116-260.
(c) A civil penalty collected under subsection (a) shall be deposited in the department of insurance fund established by IC 27-1-3-28.
As added by P.L.93-2020, SEC.13. Amended by P.L.202-2021, SEC.18.