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Indiana Code Title 27. Insurance § 27-1-15.6-32

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 32. (a) The department shall adopt rules under IC 4-22-2 to set fees for licensure under this chapter, IC 27-1-15.7, and IC 27-1-15.8.

(b) Insurance producer and limited lines producer license renewal fees are due every two (2) years.  The fee charged by the department every two (2) years for a:

(1) resident license is forty dollars ($40);  

(2) nonresident license is ninety dollars ($90);  and

(3) designated home state license is ninety dollars ($90).

(c) Consultant renewal fees are due every twenty-four (24) months.

(d) Surplus lines producer renewal fees are due every two (2) years.

The fee charged by the department every two (2) years for a:

(1) resident license is eighty dollars ($80);  and

(2) nonresident license is one hundred twenty dollars ($120).

(e) The commissioner may issue a duplicate license for any license issued under this chapter.  The fee charged by the commissioner for the issuance of a duplicate:

(1) insurance producer license;

(2) surplus lines producer license;

(3) limited lines producer license;  or

(4) consultant license;

may not exceed ten dollars ($10).

(f) A fee charged and collected under this section shall be deposited into the department of insurance fund established by IC 27-1-3-28.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-1-15.6-32 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-1-15-6-32/

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