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Indiana Code Title 27. Insurance § 27-1-15.6-8.2

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

Sec. 8.2. (a) Unless denied licensure under section 12 of this chapter, a person that is not a resident of Indiana shall receive a designated home state license if:

(1) the person has requested licensure in Indiana for a line of authority for which licensure is not required in the person's home state;

(2) the person has submitted the proper request for licensure and has paid the fees required under section 32 of this chapter;

(3) the person has submitted or transmitted to the commissioner a completed uniform application;  and

(4) the person has complied with the prelicensing and continuing education requirements that apply to an insurance producer that:

(A) is a resident of Indiana;  and

(B) applies for the line of authority described in subdivision (1).

(b) The commissioner may verify an insurance producer's licensing status through the centralized insurance producer license registry described in section 7 of this chapter.

(c) A person that holds a designated home state license and moves from one state to another state shall file a change of address with the department and provide certification from the new resident state not more than thirty (30) days after the change of legal residence.  No fee or license application is required under this subsection.

(d) A person that:

(1) holds a designated home state license;  and

(2) becomes a resident of a state that requires licensure for the line of authority for which the person holds the designated home state license;

shall become licensed for the line of authority in the new state of residence and notify the commissioner of the new licensure.

(e) Upon receiving notice of new licensure under subsection (d), the commissioner shall transfer the person's designated home state license to a nonresident producer license under section 8 of this chapter.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-1-15.6-8.2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-1-15-6-8-2/

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