§ 25-30-1-15 — Insurance

Indiana § 25-30-1-15

• Jurisdiction: Indiana
• Title 25: PROFESSIONS AND OCCUPATIONS
• Art. 30: PRIVATE INVESTIGATOR FIRMS, SECURITY
• Ch. 1: Private Investigator Firm Licensing

Text

(a) An applicant for a private investigator
firm license shall submit to the board a certificate of insurance or other
evidence of financial responsibility that:
(1) is approved by the board; and
(2) meets the following requirements:
(A) Is issued by an insurance company or other legal entity
authorized to transact business in Indiana.
(B) Provides for general liability coverage of at least one
hundred thousand dollars ($100,000).
(C) States that cancellation and nonrenewal of the underlying
policy or other evidence of financial responsibility is not
effective until the board receives written notice at least ten (10)
days before the cancellation or nonrenewal of the policy.
(D) Contains any other terms and conditions established by the
board.
(b) The insurance referred to in subsection (a):
(1) must cover damages that the insured becomes legally
obligated to pay for bodily injury or property damage proximately
caused to a person by the insured in conducting business as a
private investigator firm;
(2) must include coverage for:
(A) false arrest, detention, or imprisonment;
(B) malicious prosecution; and
(C) wrongful entry or eviction, or other invasion of the right of
private occupancy; and
(3) may not exclude coverage for an intentional act taken by or at
the direction of the insured that results in bodily injury, if such
injury arises solely from the use of reasonable force for the
purpose of protecting persons or property.
(c) If a licensee fails to comply with the insurance requirements of
this section, the license of the licensee shall be suspended. A license
suspended under this subsection may not be reinstated until an
application for reinstatement of the license, in the form prescribed by
the board, is filed with the board, together with proper proof of
insurance.
(d) The board may deny an application for the reinstatement of a
license suspended under this section, notwithstanding the applicant's
compliance with the insurance requirements of this section for any of
the following:
(1) Any reason that would justify a refusal to issue, a suspension,
or a revocation of a license.
(2) The performance by the applicant, while the applicant's
license was suspended under this section, of any practice for
which a license under this chapter is required.
Formerly: Acts 1961, c.163, s.15. As amended by Acts 1982,
P.L.154, SEC.97; P.L.261-1987, SEC.4; P.L.157-1988, SEC.1;
P.L.234-1989, SEC.19; P.L.214-1993, SEC.73; P.L.185-2007, SEC.21;
P.L.112-2014, SEC.32.