Sec. 7.3. (a) The
commissioner may design or have designed an
insurance producer certificate suitable for framing and display.
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Terms Used In Indiana Code 27-1-15.6-7.3
- 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
(c) The commissioner may impose and collect a reasonable fee for a certificate issued under subsection (b).
(d) The commissioner shall establish guidelines to implement this section.
As added by P.L.173-2007, SEC.11. Amended by P.L.3-2008, SEC.209; P.L.81-2019, SEC.19.
