Sec. 8. As used in this chapter, "producer" means an insurance broker or brokers or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation.
As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers
27-1-35-1. Applicability of Law
27-1-35-3. "Captive Insurer" Defined
27-1-35-4. "Control" or "Controlled" Defined
27-1-35-5. "Controlled Insurer" Defined
27-1-35-6. "Controlling Producer" Defined
27-1-35-7. "Licensed Insurer" or "Insurer" Defined
27-1-35-9. Threshold Limit of Premiums
27-1-35-10. Exempt Transactions
27-1-35-11. Written Contract Requirement
27-1-35-13. Opinions of Independent Casualty Actuaries or Independent Loss Reserve Specialists
27-1-35-15. Notice of Relationship
27-1-35-16. Orders to Cease Placing Business
27-1-35-17. Civil Actions by Commissioner