Sec. 5. (a) A resident individual applying for:
(1) an insurance producer license;
(2) a consultant's license; or
(3) a surplus lines producer license;
must pass a written examination unless the individual is exempt under section 9 of this chapter.
(b) The examination required under subsection (a) must test the knowledge of the individual concerning the:
(1) lines of authority for which application is made;
(2) duties and responsibilities of a licensee; and
(3) insurance laws and administrative rules of Indiana.
(c) Examinations required under this section must be developed and conducted under rules adopted by the commissioner.
(d) The commissioner may make arrangements, including contracting with an outside testing service, for administering examinations, collecting the nonrefundable examination fee as established by contract with an outside testing service, or collecting the nonrefundable licensure fee set forth in section 32 of this chapter.
(e) An individual who fails to appear for the examination required under subsection (a) as scheduled or who fails to pass the examination must reapply for an examination and remit all required fees and forms before being rescheduled for another examination.
As added by P.L.132-2001, SEC.3. Amended by P.L.1-2002, SEC.105.
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