Common use of Financial Stability Clause in Contracts

Financial Stability. The Contractor must be licensed and in good standing to provide health insurance coverage in the State and must comply with all applicable insurance regulations. FSSA and the Indiana Department of Insurance (IDOI) will monitor the Contractor’s financial performance. FSSA will include IDOI findings in their monitoring activities. FSSA must be copied on required filings with IDOI, and the required filings must break out financial information for the Hoosier Care Connect line of business. The financial performance reporting requirements are listed in Section 9.1 and are further described in the Hoosier Care Connect Reporting Manual, which shall be provided following the Contract award date.

Financial Stability. The Contractor must be licensed and in good standing to provide health insurance coverage in the State and must comply with all applicable State and Federal insurance regulations. FSSA and the Indiana Department of Insurance (IDOI) will monitor the Contractor’s financial performance. FSSA will include IDOI findings in their monitoring activities. FSSA must be copied on required filings with IDOI, and the required filings must break out financial information for the Hoosier Care Connect line of business. The financial performance reporting requirements are listed in Section 9.1 and are further described in the Hoosier Care Connect Reporting Manual, which shall be provided following the Contract award date.