Sec. 8. (a) Unless denied licensure under section 12 of this chapter, a nonresident person shall receive a nonresident producer license if:
(1) the person is currently licensed as a resident and in good standing in the person's home state;
(2) the person has submitted the proper request for licensure and has paid the fees required under section 32 of this chapter;
(3) the person has submitted or transmitted to the commissioner:
(A) the application for licensure that the person submitted to the person's home state; or
(B) a completed uniform application; and
(4) the person's home state awards non-resident producer licenses to residents of Indiana on the same basis as non-resident producer licenses are awarded to residents of other states under this chapter.
(b) The commissioner may verify a producer's licensing status through the centralized insurance producer license registry described in section 7 of this chapter.
(c) A:
(1) person who holds an Indiana nonresident producer's license and moves from one state to another state; or
(2) resident producer who moves from Indiana to another state;
shall file a change of address with the Indiana department of insurance and provide certification from the new resident state not more than thirty (30) days after the change of legal residence. No fee or license application is required under this subsection.
(d) Notwithstanding any other provision of this chapter, a person licensed as a surplus lines producer in the person's home state shall receive a nonresident surplus lines producer license under subsection (a). Except as provided in subsection (a), nothing in this section otherwise amends or supercedes IC 27-1-15.8.
(e) Notwithstanding any other provision of this chapter, a person who is not a resident of Indiana and who is licensed as a limited lines credit insurance producer or another type of limited lines producer in the person's home state shall, upon application, receive a nonresident limited lines producer license under subsection (a) granting the same scope of authority as is granted under the license issued by the person's home state.
(f) Notwithstanding any other provision of this chapter, a nonresident producer who receives a nonresident producer license under this section shall maintain licensure in good standing in the nonresident producer's home state.
(g) If a nonresident producer fails to maintain licensure in good standing in the nonresident producer's home state, the commissioner may:
(1) in the commissioner's sole discretion;
(2) without a hearing; and
(3) in addition to any other sanction allowed by law;
suspend any Indiana insurance producer license held by the nonresident producer until the commissioner receives notice from the nonresident producer's home state that the home state license is in effect.
As added by P.L.132-2001, SEC.3. Amended by P.L.72-2016, SEC.9; P.L.124-2018, SEC.36.
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