Sec. 13. (a) A business entity may apply for a resident independent adjuster license by submitting:
(1) a Uniform Application for Business Entity Adjusters to the commissioner with a declaration, under penalty of suspension, revocation, or refusal of licensure, that the statements made in the application are true and complete to the best knowledge of the individual submitting the application on behalf of the business entity;
(2) an application fee of forty dollars ($40); and
(3) the name, address, and criminal and administrative history of each of the following:
(A) An owner that has at least ten percent (10%) interest or voting interest in the business entity.
(B) A partner of the business entity.
(C) An executive officer of the business entity.
(D) A director of the business entity.
(b) The commissioner shall approve an application submitted by a business entity under subsection (a) upon finding all of the following:
(1) The business entity is eligible to designate Indiana as the business entity's home state.
(2) The business entity has designated an individual independent adjuster licensed under this chapter to be responsible for the business entity's compliance with Indiana insurance law.
(3) The business entity has not committed any act that is grounds for probation, suspension, revocation, or refusal of an independent adjuster license under section 18 of this chapter.
(c) The commissioner may require a business entity applying under this section to produce any documents reasonably necessary to verify the information contained in the application.
As added by P.L.11-2011, SEC.22. Amended by P.L.148-2017, SEC.6; P.L.124-2018, SEC.54.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 28. Independent Adjuster Licensing
27-1-28-2. Administrative Rules
27-1-28-3. Automated Claims Adjudication System
27-1-28-6. Independent Adjuster
27-1-28-10. Independent Adjuster Licensure and Exemption
27-1-28-11. Temporary Emergency Independent Adjuster Licensure
27-1-28-12. Resident Individual Independent Adjuster Licensure
27-1-28-13. Resident Business Entity Independent Adjuster Licensure
27-1-28-15. Written Exam; Exceptions
27-1-28-16. Nonresident Licensure
27-1-28-17. Issuance of Nonresident License
27-1-28-18. Penalties; Refusal of License Renewal
27-1-28-19. Continuing Education
27-1-28-22. Reports to Commissioner of Administrative and Criminal Actions
27-1-28-23. Certification of Automated Claims Adjudication System