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Indiana Code Title 27. Insurance § 27-1-28-14

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

Sec. 14. (a) An independent adjuster may qualify for an independent adjuster license under this chapter in one (1) or more of the following lines of authority:

(1) Property and casualty insurance.

(2) Worker's compensation insurance.

(b) An independent adjuster licensed under this chapter is not required to hold another independent adjuster, insurance producer, or insurance administrator license in Indiana.

(c) An independent adjuster license:

(1) is effective for two (2) years after the date of issuance unless probated, suspended, revoked, or refused;  and

(2) may be renewed if all requirements for renewal, including submission to the commissioner of a renewal fee of forty dollars ($40), are met on or before the renewal date.

(d) If an independent adjuster license expires, the independent adjuster may, within twelve (12) months after the date of expiration, be reissued an independent adjuster license upon receipt by the commissioner of:

(1) a request for reissuance, as prescribed by the commissioner;  and

(2) a reissuance fee of eighty dollars ($80).

(e) An independent adjuster who is unable to comply with the license renewal requirements of this section due to:

(1) military service;

(2) long term medical disability;  or

(3) another extenuating circumstance determined by the commissioner;

may request a waiver of the renewal requirements or applicable sanction.

(f) A license issued under this chapter must contain the following:

(1) The licensee's name, address, and personal identification number.

(2) The date of issuance.

(3) The date of expiration.

(4) Other information considered necessary by the commissioner.

(g) An independent adjuster is subject to IC 27-4-1-4.5.

(h) An independent adjuster shall, not more than thirty (30) days after the occurrence of a change of the independent adjuster's:

(1) legal name;  or

(2) home state address;

provide written notice to the commissioner of the change.

(i) The commissioner may contract with a nongovernmental entity to perform ministerial functions required by this section, including the collection of data and fees related to licensing.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-1-28-14 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-1-28-14/

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