Section 760 IAC 1-60-5 - Part-time and retired physiciansAuthority: IC 34-18-5-2
Affected: IC 25-22.5-1-1.1
Sec. 5.
(a) A physician who practices medicine on a part-time basis shall pay a reduced surcharge as follows:(1) A physician who practices medicine twelve (12) hours per week or less shall receive a credit equal to seventy-five percent (75%) of the surcharge amount.(2) A physician who practices medicine more than twelve (12) hours but less than twenty-five (25) hours per week shall receive a credit equal to fifty percent (50%) of the surcharge amount.(3) A physician who practices medicine twenty-five (25) to thirty-one (31) hours per week shall receive a credit equal to twenty-five percent (25%) of the surcharge amount.(b) Medical school faculty shall receive a credit equal to sixty-seven percent (67%) of the surcharge amount. As used in this subsection, "medical school faculty" means a physician engaged in research or teaching at a medical school as defined in IC 25-22.5- 1-1.1(h). To be eligible for the credit, not more than thirty percent (30%) of the physician's time may be spent treating patients whose treatment is unrelated to the physician's duties at the medical school.(c) Newly licensed physicians shall receive a credit equal to fifty percent (50%) of the surcharge amount during their first year of practice and twenty-five percent (25%) during their second year. For purposes of this subsection, a physician is considered newly licensed for two (2) years after:(1) completion of a residency program or a fellowship program in their medical specialty; or(2) the fulfillment of a military obligation in remuneration for medical school tuition.(d) A physician participating in a fellowship program shall pay the following:(1) If the fellowship is full time and the physician is engaging in no other medical practice, the physician shall pay an annual surcharge equal to fifty percent (50%) of the surcharge due for the specialty class of the fellowship.(2) If the physician is engaging in a medical practice outside of the fellowship, the physician shall pay the greater of the following:(A) The full-time surcharge due for the medical practice outside of the fellowship.(B) Fifty percent (50%) of the surcharge due for the specialty class of the fellowship. For purposes of this subsection, "part-time" has the meaning described in subsection (a)(2).
(e) A retired physician shall pay an annual surcharge in the amount of five hundred dollars ($500).(f) Not more than one (1) credit may be applied to a physician in any policy year.Department of Insurance; 760 IAC 1-60-5; filed Oct 23, 1998, 2:45 p.m.: 22 IR 756; filed Aug 6, 1999, 2:35 p.m.: 22 IR 3936; filed Apr 26, 2004, 2:00 p.m.: 27 IR 2730, eff Jul 1, 2004; filed Aug 23, 2006, 3:58 p.m.: 20060906-IR-760050266FRA; readopted filed Nov 24, 2010, 9:17 a.m.: 20101222-IR-760100633RFAReadopted filed 11/23/2016, 9:47 a.m.: 20161221-IR-760160436RFAFiled 5/18/2018, 2:26 p.m.: 20180613-IR-760180070FRAReadopted filed 11/30/2022, 11:39 a.m.: 20221228-IR-760220302RFA