Indiana Code
Chapter 15.6. Insurance Producers
27-1-15.6-13. No Consideration Given to Unlicensed Sellers

Sec. 13. (a) An insurance company or insurance producer shall not pay a commission, service fee, brokerage fee, or other valuable consideration to a person for selling, soliciting, or negotiating insurance in Indiana if the person is required to be licensed under this chapter and is not licensed.
(b) A person shall not accept a commission, service fee, brokerage fee, or other valuable consideration for selling, soliciting, or negotiating insurance in Indiana if the person is required to be licensed under this chapter and is not licensed.
(c) Renewal commissions or other deferred commissions may be paid to a person for selling, soliciting, or negotiating insurance in Indiana if the person was required to be licensed under this chapter and was licensed at the time of the sale, solicitation, or negotiation.
(d) An insurer or insurance producer may pay or assign commissions, service fees, brokerage fees, or other valuable consideration to an insurance agency or to a person who does not sell, solicit, or negotiate insurance in Indiana, unless the payment would violate IC 27-1-20-30.
As added by P.L.132-2001, SEC.3.

Structure Indiana Code

Indiana Code

Title 27. Insurance

Article 1. Department of Insurance

Chapter 15.6. Insurance Producers

27-1-15.6-1. Applicability of Chapter

27-1-15.6-2. Definitions

27-1-15.6-3. Required Licensing

27-1-15.6-4. Insurance Producer License; When Not Required

27-1-15.6-5. Licensing Examination

27-1-15.6-6. Application for Resident Insurance Producer

27-1-15.6-7. Insurance Producer Licenses; Qualifications; Expiration; Renewal; Registry

27-1-15.6-7.3. Insurance Producer Frameable Certificates

27-1-15.6-8. Nonresident Producer License

27-1-15.6-8.2. Designated Home State License

27-1-15.6-9. Prelicensing Education; Exemptions

27-1-15.6-10. Use of Assumed Name

27-1-15.6-11. Temporary Insurance Producer License

27-1-15.6-12. Penalties

27-1-15.6-13. No Consideration Given to Unlicensed Sellers

27-1-15.6-13.5. Applicability; Disclosure to Policyholder or Subscriber; Copy of Written Notification; Exclusion

27-1-15.6-14. Insurance Producer Acting as Agent of Insurer

27-1-15.6-15. Notification of Termination

27-1-15.6-16. Nonresident License Applicant With License From Other State

27-1-15.6-17. Reports of Administrative Actions or Criminal Prosecutions Against Producers

27-1-15.6-18. Issuance of Limited Lines Producer's License Without Examination

27-1-15.6-19. Prearranged Funeral Insurance

27-1-15.6-19.5. Annuities; Insurance Producer Qualifications and Training

27-1-15.6-19.7. Repealed

27-1-15.6-19.9. Travel Insurance; Limited Lines Travel Insurance Producer License; Requirements

27-1-15.6-20. Crop Hail Insurance

27-1-15.6-21. Service of Process

27-1-15.6-22. Compensation; Restrictions

27-1-15.6-23. Insurance Consultant License

27-1-15.6-24. Commercial Property and Casualty Insurance

27-1-15.6-24.1. Personal Property and Casualty Fees

27-1-15.6-25. Representation of a Fraternal Benefit Society

27-1-15.6-26. Limited Lines Producer

27-1-15.6-27. Solicitor's License

27-1-15.6-28. Suspension of License

27-1-15.6-29. Notice of Probationary Status for Failure to Pay Child Support; Suspension; Reinstatement

27-1-15.6-29.5. Determination of Suspension or Revocation of License

27-1-15.6-30. Authority to Enforce Compliance

27-1-15.6-31. Producers Not to Be Named as Beneficiaries

27-1-15.6-32. Fees for Licensure

27-1-15.6-33. Rules

27-1-15.6-34. Hearings