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Indiana Discount Medical Program Organization Bond

Who needs an Indiana Discount Medical Program Organization Bond?

If you are a discount medical program organization in the State of Indiana, as defined in Indiana Code 27-17, you are subject to licensing and annual licensing renewal requirements. As part of those requirements, the Indiana Department of Insurance requires that you maintain a $35,000 surety bond.


Why is the Discount Medical Program Organization Surety Bond required?

The bond’s purpose is to ensure all providers follow all relevant statutes and laws in the State of Indiana.


How do I know this is the bond I need?

If you are a discount medical program organization based in the State of Indiana and have been told you need a Medicaid Bond, a Medicaid Surety Bond, you are in the right place. If you have questions, we recommend contacting the Indiana Department of Insurance directly.

General Questions
What is a surety bond? 
What is a surety bond?

A surety bond is a three-party agreement among a principal, an obligee, and a surety.

The bond formalizes the principal's obligation to the obligee. The surety guarantees that the principal will fulfill their obligation.