About this Event
On February 24, 2021, Indiana Department of Insurance Commissioner Stephen W. Robertson issued Bulletin 257 directing health care providers electing to be qualified under Indiana’s Medical Malpractice Act (IC 34-18-1-1 et seq.), and to insurers that provide coverage to those health care providers, of the surcharge rates for qualification under the Act.
The surcharge rates are effective for coverage beginning July 1, 2021. For physicians, the overall effective surcharge will decrease by 1.65% from the current rates. The surcharge for qualification of hospitals is an overall 2.1% decrease from the current effective rates.
For more information about surcharge calculations, you can find the complete Bulletin 257 on the Indiana Department of Insurance website on the Insurance Laws, Rules & Bulletins page.
About Indiana Department of Insurance
The Indiana Department of Insurance protects Indiana's insurance consumers by monitoring and regulating the financial strengths and market conduct activities of insurance companies and agents. The department monitors insurance companies and agents for compliance with state laws to protect consumers and to offer them the best array of insurance products available. The department also assists Hoosiers with insurance questions and provides guidance in understanding how insurance policies work.