Sec. 9. (a) Insurance producers of societies shall be licensed in accordance with the laws regulating the licensing and the revocation, suspension, or termination of license of resident and nonresident insurance producers.
(b) No examination or license shall be required of any regular salaried officer, employee, or member of a licensed society who devotes substantially all of the officer's, employee's or member's services to activities other than the solicitation of fraternal insurance contracts from the public and who receives for the solicitation of those contracts no commission or other compensation directly dependent upon the amount of business obtained.
As added by P.L.262-1985, SEC.1. Amended by P.L.178-2003, SEC.83.
Structure Indiana Code
Article 11. Fraternal Benefit Societies
27-11-8-1. Standards for Valuation of Certificates; Maintenance of Excess Reserves on Certificates
27-11-8-2. Annual Financial Statement
27-11-8-3. Renewal of License; Fee
27-11-8-5. Requirements for Issuance of License to Transact Business in Indiana
27-11-8-7. Noncompliance by Foreign or Alien Society; Suspension, Revocation, or Refusal of License
27-11-8-8. Application or Petition for Injunction
27-11-8-9. Licensing of Insurance Producers of Societies
27-11-8-10. Unfair Competition; Unfair or Deceptive Acts or Practices