Indiana will not order insurance companies to reinstate cancelle - WDRB 41 Louisville News

Indiana will not order insurance companies to reinstate canceled policies

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LOUISVILLE, Ky. (WDRB) -- Indiana will not order insurance companies doing business there to reinstate canceled policies, as President Obama recently suggested.

Department of Insurance Commissioner Stephen Robertson said in a news release, "Such action would seriously destabilize Indiana's insurance market and create logistical chaos, fueling even more uncertainty for Hoosiers."  He also said he does not believe the state's Department of Insurance has the authority under Indiana law to comply with what he called "the President's untimely request."

The president says insurers should be allowed to continue selling individual coverage plans to existing customers -- plans that would be deemed substandard under the health care overhaul. The decision came after millions of people received cancellation notices alerting them that their plans would not have complied with overhaul coverage requirements set to begin next year.

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