According to Indiana law, who has the authority to make changes to a health insurance policy?

Changes to a health insurance policy in Indiana can only be authorized by an executive officer of the insurance company. This authority is crucial as it ensures that any modifications made to the terms and conditions of a policy are in compliance with company policy and regulation, maintaining the integrity of the agreements made with policyholders.

The executive officer acts with the company's vested interest and has the authority to make binding changes that affect all customers under the same policy terms. This helps to ensure that all policy changes are managed at a high level, preventing discrepancies that could arise from unauthorized changes made by individuals without the proper company authority.

In contrast, while the policyholder may request changes to their insurance policy, they do not have the power to unilaterally alter the terms. An insurance agent can facilitate the process and provide recommendations, but they lack the authority to enforce changes themselves. The state commissioner oversees insurance regulations and practices but does not directly manage changes to individual health insurance policies, thereby further clarifying the roles and boundaries of each party involved.