Title 27, INSURANCE

Sec. 24. (a) This section applies to commercial property and casualty insurance coverage described in Class 2 and Class 3 of IC 27-1-5-1. (b) A licensed insurance producer may charge a commercial insured a reasonable fee to reimburse the insurance producer for expenses incurred b…

Sec. 24.1. A licensed insurance producer may charge a reasonable fee for personal lines property and casualty insurance or services related to personal lines property and casualty insurance subject to the following requirements: (1) The amount of a fee and the basis for calculati…

Sec. 25. An individual who performed the functions of a person representing a fraternal benefit society before July 1, 1977, is not required to take an examination, but is entitled to have an insurance producer's license issued to the individual, subject to IC 27-1-15.7 and the r…

Sec. 26. A person who performed the functions of a limited lines producer negotiating or soliciting the type of insurance described in IC 27-1-5-1, Class 2(j) before July 1, 1977, is not required to take an examination, but is entitled to have an insurance producer's license issu…

Sec. 27. A person who held a valid solicitor's license on July 1, 1977, is subject to the same rights and responsibilities under a solicitor's license as the rights and responsibilities that were in effect before enactment of this chapter. As added by P.L.132-2001, SEC.3.

Sec. 28. (a) Upon receiving an order of a court issued under IC 31-16-12-10 (or IC 31-1-11.5-13(m), IC 31-6-6.1-16(m), or IC 31-14-12-7 before their repeal), the commissioner shall: (1) suspend a license issued under this chapter to the person who is the subject of the order; and…

Sec. 29. (a) Upon receiving an order from the bureau (Title IV-D agency) under IC 31-25-4-32(i) or IC 31-25-4-34(d), the commissioner shall place on probationary status any license issued under this article and held by the person who is the subject of the order. The commissioner …

Sec. 29.5. If the commissioner receives a copy of a final order from the securities commissioner under IC 23-19-6-4(h), the commissioner shall: (1) determine whether the person who is the subject of the final order is licensed by the department under this chapter; and (2) if the …

Sec. 3. (a) A person shall not sell, solicit, or negotiate insurance in Indiana for any class or classes of insurance unless the person is licensed for that line of authority under this chapter. (b) An insurer shall require a person who sells, solicits, or negotiates insurance in…

Sec. 30. The commissioner and the director of the department of financial institutions shall consult with each other and assist each other in enforcing compliance with the provisions of IC 28 concerning the sale of life insurance policies and annuity contracts. The commissioner a…

Sec. 31. An insurance producer shall not: (1) be named a beneficiary of; (2) become an owner of; or (3) receive a collateral assignment of; an individual life insurance policy or individual annuity contract unless the insurance producer has an insurable interest in the life of th…

Sec. 32. (a) The department shall adopt rules under IC 4-22-2 to set fees for licensure under this chapter, IC 27-1-15.7, and IC 27-1-15.8. (b) Insurance producer and limited lines producer license renewal fees are due every two (2) years. The fee charged by the department every …

Sec. 33. Except as otherwise provided in section 32 of this chapter, the commissioner may adopt rules under IC 4-22-2 to carry out the purposes of this chapter. As added by P.L.132-2001, SEC.3.

Sec. 34. All hearings held under this chapter are governed by IC 4-21.5-3. The commissioner may appoint members of the commissioner's staff to act as hearing officers for purposes of hearings held under this chapter. As added by P.L.132-2001, SEC.3.

Sec. 4. (a) As used in this section, "insurer" does not include an officer, director, employee, subsidiary, or affiliate of an insurer. (b) This chapter does not require an insurer to obtain an insurance producer license. (c) The following are not required to be licensed as an in…

Sec. 5. (a) A resident individual applying for: (1) an insurance producer license; (2) a consultant's license; or (3) a surplus lines producer license; must pass a written examination unless the individual is exempt under section 9 of this chapter. (b) The examination required un…

Sec. 6. (a) A person applying for a resident insurance producer license shall make application to the commissioner on the uniform application and declare under penalty of refusal, suspension, or revocation of the license that the statements made in the application are true, corre…

Sec. 7. (a) Unless denied licensure under section 12 of this chapter, a person who has met the requirements of sections 5 and 6 of this chapter shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one (1) or more of the f…

Sec. 7.3. (a) The commissioner may design or have designed an insurance producer certificate suitable for framing and display. (b) Upon request of an insurance producer, the commissioner may issue a certificate described in subsection (a). (c) The commissioner may impose and coll…

Sec. 8. (a) Unless denied licensure under section 12 of this chapter, a nonresident person shall receive a nonresident producer license if: (1) the person is currently licensed as a resident and in good standing in the person's home state; (2) the person has submitted the proper …

Sec. 8.2. (a) Unless denied licensure under section 12 of this chapter, a person that is not a resident of Indiana shall receive a designated home state license if: (1) the person has requested licensure in Indiana for a line of authority for which licensure is not required in th…

Sec. 9. (a) An individual who applies for an insurance producer license in Indiana and who was previously licensed for the same lines of authority in another state is not required to complete any prelicensing education or examination. However, the exemption provided by this subse…

Sec. 0.1. The amendments made to section 2 of this chapter by P.L.60-2005 apply to renewal of an insurance producer license after June 30, 2005. As added by P.L.220-2011, SEC.424.

Sec. 1. The definitions in IC 27-1-15.6-2 apply throughout this chapter. As added by P.L.132-2001, SEC.4.

Sec. 2. (a) Except as provided in subsection (b) and section 2.4 of this chapter, to renew a license issued under IC 27-1-15.6, a resident insurance producer must complete at least twenty-four (24) hours of credit in continuing education courses, not more than four (4) hours of w…

Sec. 2.2. (a) This section applies to the renewal of a license under this chapter after December 31, 2021. (b) If a resident insurance producer completed more than twenty-four (24) hours of credit in continuing education courses before the effective date of the producer's last re…

Sec. 2.4. (a) This section applies to an insurance producer licensed under IC 27-1-15.6 who is subject to the continuing education requirement set forth in section 2(a) of this chapter. (b) If an insurance producer actively participates in a state or national professional insuran…

Sec. 2.5. The commissioner shall, not later than September 1, 2005, establish a policy to allow a waiver of the: (1) continuing education requirements of this chapter; and (2) license renewal requirements of IC 27-1-15.6 and this chapter; for an insurance producer who is serving …

Sec. 3. (a) The commissioner may grant an extension for complying with the continuing education requirement set forth in section 2 of this chapter. (b) To receive an extension under this section, a licensee must: (1) file a request with the commissioner on a form provided by the …

Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027. Sec. 4. (a) The commissioner shall approve and disapprove continuing education courses after considering recommendations made by the insurance producer educatio…

Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027. Sec. 5. (a) To qualify as a certified prelicensing course of study for purposes of IC 27-1-15.6-6, an insurance producer program of study must meet all of the f…

Note: This version of section effective until 7-1-2027. See also following repeal of this section, effective 7-1-2027. Sec. 6.5. (a) As used in this section, "commission" refers to the insurance producer education and continuing education commission established by subsection (b).…

Sec. 7. The commissioner may adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.132-2001, SEC.4.

Sec. 8. All hearings held under this chapter are governed by IC 4-21.5-3. The commissioner may appoint members of the commissioner's staff to act as hearing officers for purposes of hearings held under this chapter. As added by P.L.132-2001, SEC.4.

Sec. 1. (a) Except as provided in this section, the definitions in IC 27-1-15.6-2 apply throughout this chapter. (b) As used in this chapter, "affiliate" means, with respect to an insured, an entity that controls, is controlled by, or is under common control with the insured. (c)…

Sec. 2. The following provisions of IC 27-1-15.6 apply to licensure of surplus lines producers under this chapter: (1) IC 27-1-15.6-5. (2) IC 27-1-15.6-6. (3) IC 27-1-15.6-8 through IC 27-1-15.6-13. (4) IC 27-1-15.6-15 through IC 27-1-15.6-17. (5) IC 27-1-15.6-21. (6) IC 27-1-15.…

Sec. 3. (a) A surplus lines producer may receive qualification for a license in one (1) or more of the kinds of insurance defined in Class 2 and Class 3 of IC 27-1-5-1 from insurers that are authorized to do business in one (1) or more states of the United States of America but a…

Sec. 4. (a) In addition to all other charges, fees, and taxes that may be imposed by law, a surplus lines producer licensed under this chapter shall, on or before February 1 of each year, collect from the insured and remit to the department for the use and benefit of the state of…

Sec. 1. The definitions in IC 27-1-15.6-2 apply throughout this chapter. As added by P.L.4-2012, SEC.3.

Sec. 10. (a) A vendor shall not sell, solicit, or negotiate portable electronics insurance unless the vendor holds a limited lines license issued under IC 27-1-15.6 to sell, solicit, or negotiate portable electronics insurance. (b) A limited lines license required by subsection (…

Sec. 11. (a) A supervising entity shall: (1) maintain a registry of locations described in section 10(b) of this chapter; and (2) make the registry available for examination by the commissioner during the supervising entity's regular business hours. (b) The commissioner shall, at…

Sec. 12. (a) A vendor shall, at each location where portable electronics insurance is sold, solicited, or negotiated, make available to customers written materials concerning the portable electronics insurance. (b) The written materials available under subsection (a) must do all …

Sec. 13. Portable electronics insurance may be sold: (1) for any period; and (2) under: (A) an individual policy; or (B) a group or master policy issued to a vendor to provide insurance for the vendor's customers. As added by P.L.4-2012, SEC.3.

Sec. 14. The: (1) insurer that issues a portable electronics insurance policy; or (2) supervising entity that supervises a vendor with respect to a portable electronics insurance policy; shall establish eligibility and underwriting standards for each portable electronics insuranc…

Sec. 15. The following apply to charges for portable electronics insurance: (1) The charges may be billed and collected by the vendor. (2) If the insurance cost is not included in the cost associated with the purchase or lease of portable electronics, the insurance cost must be s…

Sec. 16. (a) This section supplements and does not limit the actions that may be taken by the commissioner for a violation under IC 27-1-15.6. (b) If a vendor or an employee or authorized representative of a vendor violates this chapter, the commissioner may do any of the followi…