Authorized account administrators
Sec. 12. The following may be an account administrator under this
chapter:
(1) A federal or state chartered:
(A) bank;
(B) savings association;
(C) savings bank; or
(D) credit union.
(2) A trust company authorized to act as a fiduciary.
(3) An insurance company or a health maintenance organization
authorized to do business in Indiana under IC 27.
(4) A broker-dealer, an agent, or an investment advisor
registered under IC 23-2-1.
(5) A person that is licensed as an administrator under
IC 27-1-25.
(6) An employee welfare benefit plan that is governed by the
federal Employee Retirement Income Security Act, 29 U.S.C.
1001 et seq.
(7) An employer that participates in the medical care savings
account program.
As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2. Amended
by P.L.79-1998, SEC.14; P.L.160-2003, SEC.1.
Last modified: May 28, 2006