Indiana Code
Chapter 15.6. Insurance Producers
27-1-15.6-19. Prearranged Funeral Insurance

Sec. 19. (a) As used in this section, "prearranged funeral insurance" means insurance that is used to fund any of the following:
(1) A funeral trust under IC 30-2-10 and IC 30-2-13.
(2) Any other arrangement for advance payment of funeral and burial expenses.
(b) A person shall not sell, solicit, or negotiate prearranged funeral insurance unless the person is licensed as either of the following:
(1) An insurance producer with a life qualification under section 7 of this chapter.
(2) A limited lines producer.
(c) A person may be licensed as a limited lines producer to sell only prearranged funeral insurance if the person is:
(1) licensed under IC 25-15-4-3; and
(2) granted a change in status under subsection (d).
(d) If, after a person is licensed under this chapter as an insurance producer with a life qualification, the person wants to limit the person's insurance business solely to the sale of prearranged funeral insurance, the person must:
(1) request the commissioner to issue the person a limited lines producer's license under this chapter; and
(2) show proof of having completed ten (10) hours of continuing education credit approved by the department.
(e) If the commissioner receives a request and proof under subsection (d), the commissioner shall issue a limited lines producer's license, subject to the provisions of this chapter relating to limited lines producer's licenses.
(f) A person issued a limited lines producer's license under subsection (e) may sell only prearranged funeral insurance.
As added by P.L.132-2001, SEC.3. Amended by P.L.1-2002, SEC.107.

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