Sec. 5. As used in this chapter, "person that sells, solicits, advertises, or offers insurance on behalf of a depository institution" means a person to which one (1) of the following applies:
(1) The person represents to a customer that the sale, solicitation, advertisement, or offer of insurance is by or on behalf of the depository institution.
(2) The depository institution:
(A) refers a customer to the person; and
(B) has a contractual arrangement with the person to receive commissions or fees on sales of insurance that result from referrals to the person.
(3) Documents that provide evidence of the sale, solicitation, advertisement, or offer of insurance identify or refer to the depository institution.
As added by P.L.130-2002, SEC.2.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 38. Regulation of Depository Institutions
27-1-38-1. "Affiliate" Defined
27-1-38-3. "Depository Institution" Defined
27-1-38-4. "Insurance Producer" Defined
27-1-38-6. Application of Chapter
27-1-38-8. Required Disclosure Concerning Insurance Related to a Loan or a Credit Extension
27-1-38-9. Required Disclosures Before Sale of Insurance
27-1-38-10. Acknowledgment of Receipt of Required Disclosure
27-1-38-11. Requirements for Electronic Disclosure
27-1-38-12. Commissioner Examination and Investigation