Indiana Code 27-1-28-17. Issuance of nonresident license
(1) the person is currently licensed in good standing as an independent adjuster in the person’s home state;
Terms Used In Indiana Code 27-1-28-17
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- home state: means :
Indiana Code 27-1-28-5
- independent adjuster: means a person, or an independent contractor or employee of a person, that:
Indiana Code 27-1-28-6
- 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
- NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-28-7
- 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
(A) the proper application for licensure;
(B) a nonresident application fee of ninety dollars ($90); and
(C) in the case of a business entity, the information described in section 13(a)(3) of this chapter; and
(3) the person’s designated home state awards nonresident independent adjuster licenses to residents of Indiana on the same basis as nonresident independent adjuster licenses are awarded under this chapter to residents of other states.
(b) Except as provided in section 18 of this chapter, if a person that:
(1) is not a resident of Indiana; and
(2) is not licensed as an independent adjuster in another state;
desires to obtain an independent adjuster license under this chapter, the person must comply with the requirements of section 12 or 13 of this chapter, and sections 14 and 15 of this chapter, and must remit the nonresident application fee of ninety dollars ($90).
(c) The commissioner may:
(1) verify an independent adjuster’s licensure status in another state through an appropriate data base, including the insurance producer data base maintained by the NAIC or an affiliate or a subsidiary of the NAIC; or
(2) request certification of good standing as described in section 16(b) of this chapter.
(d) To maintain a valid nonresident independent adjuster license issued under this chapter:
(1) the independent adjuster must maintain a valid resident independent adjuster license in the independent adjuster’s home state; and
(2) the independent adjuster’s home state must award nonresident independent adjuster licenses to residents of Indiana on the same basis as nonresident independent adjuster licenses are awarded under this chapter to residents of other states.
(e) For a nonresident independent adjuster license issued under this chapter to be renewed:
(1) the independent adjuster must:
(A) maintain a valid resident independent adjuster license in the independent adjuster’s home state; and
(B) remit to the commissioner a nonresident independent adjuster license renewal fee of ninety dollars ($90); and
(2) the independent adjuster’s home state must award nonresident independent adjuster licenses to residents of Indiana on the same basis as nonresident independent adjuster licenses are awarded under this chapter to residents of other states.
(f) If a nonresident independent adjuster’s home state license terminates for any reason other than issuance of a new resident independent adjuster license in a new home state:
(1) the person’s nonresident independent adjuster license issued under this chapter also terminates immediately; and
(2) the person shall immediately surrender the nonresident independent adjuster license to the commissioner.
(g) If a nonresident independent adjuster’s home state license terminates due to the issuance of a new resident independent adjuster license in a new home state, the independent adjuster shall, not more than thirty (30) days after the nonresident independent adjuster’s home state license termination date, provide notice of the termination to the commissioner and the insurance commissioner of any state that has issued a nonresident independent adjuster license to the independent adjuster. The notice must specify the independent adjuster’s previous home state address and new home state address.
(h) If a resident independent adjuster’s license issued under this chapter terminates for any reason, the resident independent adjuster shall, not more than thirty (30) days after the resident adjuster license termination date, provide notice of the termination to the insurance commissioner of any state that has issued a nonresident independent adjuster license to the resident independent adjuster. If the termination results from a change of the resident independent adjuster’s home state, the notice must specify the independent adjuster’s previous home state address and new home state address.
As added by P.L.11-2011, SEC.22.