Indiana § 27-1-15.6-22 Compensation; restrictions

Indiana Statutes

§ 27-1-15.6-22 — Compensation; restrictions

Indiana § 27-1-15.6-22

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 15.6Insurance Producers

This text of Indiana § 27-1-15.6-22 (Compensation; restrictions) 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 § 27-1-15.6-22 (2026).

Text

An insurance producer may not receive compensation for the sale, solicitation, negotiation, or renewal of any insurance policy issued to any person or entity for whom the insurance producer, for a fee, acts as a consultant for that policy unless:

(1)the insurance producer provides to the insured a written agreement in accordance with section 23(c) of this chapter; and

(2)the insurance producer discloses to the insured the following information prior to the sale, solicitation, negotiation, or renewal of any policy:

(A)The fact that the insurance producer will receive compensation for the sale of the policy.

(B)The method of compensation.

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An insurance producer may not receive
compensation for the sale, solicitation, negotiation, or renewal of any
insurance policy issued to any person or entity for whom the insurance
producer, for a fee, acts as a consultant for that policy unless:
(1) the insurance producer provides to the insured a written
agreement in accordance with section 23(c) of this chapter; and
(2) the insurance producer discloses to the insured the following
information prior to the sale, solicitation, negotiation, or renewal
of any policy:
(A) The fact that the insurance producer will receive
compensation for the sale of the policy.
(B) The method of compensation.