Indiana Code
Chapter 15.6. Insurance Producers
27-1-15.6-19.5. Annuities; Insurance Producer Qualifications and Training

Sec. 19.5. (a) As used in this section, "annuity" means an annuity that is:
(1) an insurance product under Indiana law; and
(2) solicited individually, regardless of whether the insurance product is classified as an individual annuity or a group annuity.
(b) A person may not sell, solicit, or negotiate an annuity unless the person meets the following requirements:
(1) The person is licensed as:
(A) an insurance producer with a life qualification under section 7(a)(1) of this chapter; or
(B) in the case of a variable annuity, an insurance producer with a variable annuity qualification under section 7(a)(5) of this chapter.
(2) The person has adequate knowledge of an annuity product to recommend the annuity product.
(3) The person complies with the insurer's training standards for annuity products.
(4) The person has completed a single four (4) hour annuity training course that is conducted through a structured setting or self-study method and approved by the department in accordance with the requirements for approval that apply to continuing education courses under IC 27-1-15.7.
As added by P.L.11-2011, SEC.12. Amended by P.L.115-2011, SEC.8.

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