Indiana § 27-1-15.6-19 Prearranged funeral insurance

Indiana Statutes

§ 27-1-15.6-19 — Prearranged funeral insurance

Indiana § 27-1-15.6-19

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 15.6Insurance Producers

This text of Indiana § 27-1-15.6-19 (Prearranged funeral insurance) 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 § 27-1-15.6-19 (2026).

Text

(a)As used in this section, "prearranged funeral insurance" means insurance that is used to fund any of the following:

(1)A funeral trust under IC 30-2-10 and IC 30-2-13.

(2)Any other arrangement for advance payment of funeral and burial expenses.

(b)A person shall not sell, solicit, or negotiate prearranged funeral insurance unless the person is licensed as either of the following:

(1)An insurance producer with a life qualification under section 7 of this chapter.

(2)A limited lines producer.

(c)A person may be licensed as a limited lines producer to sell only prearranged funeral insurance if the person is:

(1)licensed under IC 25-15-4-3; and

(2)granted a change in status under subsection (d).

(d)If, after a person is licensed under this chapter as an insurance producer with a l

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(a) As used in this section, "prearranged
funeral insurance" means insurance that is used to fund any of the
following:
(1) A funeral trust under IC 30-2-10 and IC 30-2-13.
(2) Any other arrangement for advance payment of funeral and
burial expenses.
(b) A person shall not sell, solicit, or negotiate prearranged funeral
insurance unless the person is licensed as either of the following:
(1) An insurance producer with a life qualification under section
7 of this chapter.
(2) A limited lines producer.
(c) A person may be licensed as a limited lines producer to sell only
prearranged funeral insurance if the person is:
(1) licensed under IC 25-15-4-3; and
(2) granted a change in status under subsection (d).
(d) If, after a person is licensed under this chapter as an insurance
producer with a life qualification, the person wants to limit the person's
insurance business solely to the sale of prearranged funeral insurance,
the person must:
(1) request the commissioner to issue the person a limited lines
producer's license under this chapter; and
(2) show proof of having completed ten (10) hours of continuing
education credit approved by the department.
(e) If the commissioner receives a request and proof under
subsection (d), the commissioner shall issue a limited lines producer's
license, subject to the provisions of this chapter relating to limited lines
producer's licenses.
(f) A person issued a limited lines producer's license under
subsection (e) may sell only prearranged funeral insurance.