Indiana § 27-1-15.6-30 Authority to enforce compliance

Indiana Statutes

§ 27-1-15.6-30 — Authority to enforce compliance

Indiana § 27-1-15.6-30

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 15.6Insurance Producers

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Bluebook

Ind. Code § 27-1-15.6-30 (2026).

Text

The commissioner and the director of the
department of financial institutions shall consult with each other and
assist each other in enforcing compliance with the provisions of IC 28
concerning the sale of life insurance policies and annuity contracts. The
commissioner and the director of the department of financial
institutions may jointly conduct investigations, prosecute suits, and
take other official action that the commissioner and the director
consider appropriate under this section if either the commissioner or
the director is empowered to take the action. If the director of the
department of financial institutions is informed by a financial
institution or its affiliate of a violation or suspected violation of any
provision of IC 28 concerning the sale of life insurance policies or

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The commissioner and the director of the
department of financial institutions shall consult with each other and
assist each other in enforcing compliance with the provisions of IC 28
concerning the sale of life insurance policies and annuity contracts. The
commissioner and the director of the department of financial
institutions may jointly conduct investigations, prosecute suits, and
take other official action that the commissioner and the director
consider appropriate under this section if either the commissioner or
the director is empowered to take the action. If the director of the
department of financial institutions is informed by a financial
institution or its affiliate of a violation or suspected violation of any
provision of IC 28 concerning the sale of life insurance policies or
annuity contracts or of the insurance laws and rules of Indiana, the
director of the department of financial institutions shall timely advise
the commissioner of the violation. If the commissioner is informed by
a financial institution or its affiliate of a violation or suspected violation
of any provision of IC 28 concerning the sale of life insurance policies
or annuity contracts or of the insurance laws and rules of Indiana, the
commissioner shall timely advise the director of the department of
financial institutions of the violation.