Reporting of Ownership Information

Indiana Department oflnsurance June I0, 2025 Bulletin 278 REPORTING OF OWNERSHIP INFORMATION This bulletin is directed to all insurers, third party administrators ("TP As"), and pharmacy benefit managers ("PB Ms"), as defined in Public Law 239-2025 (HEA 1666), doing business in Indiana. The purpose of this bulletin is to notify insurers, TPAs, and PBMs of new repmiing requirements set fmih in Pub. L. 239-2025. Pursuant to Pub. L. 239-2025, beginning July I, 2025, and each July 1 thereafter, each insurer, TP A, and PBM doing business in Indiana shall file with the Department a repo1i that includes the following information: (1) The name of each person or entity that has: (A) an ownership interest ofat least five percent (5%); (B) a controlling interest; or (C) an interest as a private equity partner; in the insurer, TP A, or PBM. (2) The business address of each person or entity identified in item (I), above. The business address must include a: (A) building number; (B) street name; (C) city name; (D) ZIP code; and (E) country name. The business address may not include a post office box number. (3) The business website, if applicable, ofeach person or entity identified in item (I), above. (4) Any ofthe following identification numbers, if applicable, for a person or entity identified under item (I), above: (A) National provider identifier (NPI). (B) Taxpayer identification number (TIN). (C) Employer identification number (EIN). (D) CMS certification number (CCN). (E) National Association oflnsurance Commissioners (NAIC) identification number. (F) A personal identification number associated with a license issued by the Department. (5) The ownership stake ofeach person or entity identified under item (I), above. 1 A report provided under IC 27-l-4.5-5(a) may not include Social Security numbers of any individual. The Department may assess a fine of one thousand dollars ($1,000) per day for which a report is past due and the Department may take disciplinary action for repeat violations. The Department is providing a grace period for IC 27-1-4.5 reports due beginning July I, 2025, while the form and manner for submission is established but may assess a fine pursuant to IC 27-1-4.5­ 7 for late reports in 2026. This is the first of two (2) bulletins that will be issued notifying insurers, TP As, and PBMs of these new reporting requirements. The second bulletin will provide further details regarding form and manner ofthe required reports. Questions regarding this bulletin should be directed to compliance@idoi.in.gov. INDIANA DEPARTMENT Of INSURANCE nsurance 2