Indiana Code 27-1-15.6-18. Issuance of limited lines producer’s license without examination
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Sec. 18. The commissioner may issue a limited lines producer’s license to the following without examination:
(2) A limited line credit insurance producer.
(1) A limited lines travel insurance producer.
Terms Used In Indiana Code 27-1-15.6-18
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
- person: includes individuals, corporations, associations, and partnerships; personal pronoun includes all genders; the singular includes the plural and the plural includes the singular. See Indiana Code 27-1-2-3
(3) A person who will only negotiate or solicit insurance under Class 2(j) of IC 27-1-5-1.
(4) Any person who will negotiate or solicit a kind of insurance that the commissioner finds does not require an examination to demonstrate professional competency.
(5) A person that will sell, solicit, or negotiate only portable electronics insurance as provided in IC 27-1-15.9.
(6) A person that will sell, solicit, or negotiate only self-storage insurance as provided in IC 27-1-16.1.
As added by P.L.132-2001, SEC.3. Amended by P.L.4-2012, SEC.2; P.L.81-2013, SEC.2; P.L.276-2013, SEC.13.