Sec. 30. The commissioner and the director of the department of financial institutions shall consult with each other and assist each other in enforcing compliance with the provisions of IC 28 concerning the sale of life insurance policies and annuity contracts. The commissioner and the director of the department of financial institutions may jointly conduct investigations, prosecute suits, and take other official action that the commissioner and the director consider appropriate under this section if either the commissioner or the director is empowered to take the action. If the director of the department of financial institutions is informed by a financial institution or its affiliate of a violation or suspected violation of any provision of IC 28 concerning the sale of life insurance policies or annuity contracts or of the insurance laws and rules of Indiana, the director of the department of financial institutions shall timely advise the commissioner of the violation. If the commissioner is informed by a financial institution or its affiliate of a violation or suspected violation of any provision of IC 28 concerning the sale of life insurance policies or annuity contracts or of the insurance laws and rules of Indiana, the commissioner shall timely advise the director of the department of financial institutions of the violation.
As added by P.L.132-2001, SEC.3. Amended by P.L.1-2002, SEC.108.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 15.6. Insurance Producers
27-1-15.6-1. Applicability of Chapter
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
27-1-15.6-13. No Consideration Given to Unlicensed Sellers
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
27-1-15.6-19.9. 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
27-1-15.6-29.5. 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