Indiana § 27-1-15.6-11 Temporary insurance producer license

Indiana Statutes

§ 27-1-15.6-11 — Temporary insurance producer license

Indiana § 27-1-15.6-11

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 15.6Insurance Producers

This text of Indiana § 27-1-15.6-11 (Temporary insurance producer license) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-15.6-11 (2026).

Text

(a)If the commissioner considers the issuance of a temporary license necessary for the servicing of an insurance business, the commissioner, without requiring an examination, may issue a temporary insurance producer license for a period of not more than one hundred eighty (180) days to any of the following:

(1)To the surviving spouse or court-appointed personal representative of a licensed individual insurance producer who dies or becomes mentally or physically disabled:

(A)to allow adequate time for the sale of the insurance business owned by the producer;

(B)to provide for the servicing of the insurance business until the recovery or return of the producer to the business; or

(C)to provide for the training and licensing of new personnel to operate the producer's business.

(2)To a m

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(a) If the commissioner considers the
issuance of a temporary license necessary for the servicing of an
insurance business, the commissioner, without requiring an
examination, may issue a temporary insurance producer license for a
period of not more than one hundred eighty (180) days to any of the
following:
(1) To the surviving spouse or court-appointed personal
representative of a licensed individual insurance producer who
dies or becomes mentally or physically disabled:
(A) to allow adequate time for the sale of the insurance
business owned by the producer;
(B) to provide for the servicing of the insurance business until
the recovery or return of the producer to the business; or
(C) to provide for the training and licensing of new personnel
to operate the producer's business.
(2) To a member or employee of a business entity licensed as an
insurance producer, upon the death or disability of an individual
designated in the business entity application or the license.
(3) To the designee of a licensed individual insurance producer
entering active service in the armed forces of the United States of
America.
(4) To an individual in any other circumstance where the
commissioner considers the public interest to be best served by
the issuance to the individual of a temporary insurance producer
license.
(b) The commissioner may by order limit the authority of a
temporary licensee in any way considered necessary to protect insureds
and the public. The commissioner may require the temporary licensee
to have a suitable sponsor who is a licensed producer or insurer and
who assumes responsibility for all acts of the temporary licensee and
may impose other, similar requirements designed to protect insureds
and the public.
(c) The commissioner may by order revoke a temporary insurance
producer license if the interest of insureds or the public are endangered.
A temporary insurance producer license issued under subsection
(a)(1)(A) expires at the time the owner or the personal representative
disposes of the business.