Reinsurance intermediary-broker; requirements

Sec. 12. No person, firm, association, or corporation may act as a RB in Indiana if the RB maintains an office either directly, or as a member or employee of a firm or association, or as an officer, director, or employee of a corporation: (1) in Indiana, unless the RB is a licensed producer in Indiana; or (2) in another state, unless the RB: (A) is a licensed producer in Indiana or another state having a law substantially similar to this chapter; or (B) is licensed in Indiana as a nonresident reinsurance intermediary. As added by P.L.26-1991, SEC.26.