IN| The Indiana Department of Insurance’s Bulletin 279, informs all insurers, third-party administrators (TPAs), and pharmacy benefit managers (PBMs) doing business in Indiana of new annual ownership reporting requirements effective July 1, 2025, under Public Law 239-2025. Each year, these entities must report details to the Department about every individual or entity with at least a 5% ownership interest, a controlling interest, or status as a private equity partner, including their business address (no P.O. boxes), website (if applicable), relevant identification numbers (such as NPI, TIN, EIN, etc.), and specific ownership stake, while excluding Social Security numbers. Late reports may incur a $1,000 per day fine after a grace period for 2025, with stricter enforcement and potential disciplinary action from 2026 onward. Further guidance and reporting forms are available on the Department’s website.
Home » Bulletins » Indiana Department of Insurance Second Notice on Annual Ownership Disclosures for Insurers, TPAs, and PBMs Starting July 2025