This text of Indiana § 27-1-15.7-2 (License renewal) 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.
(a)Except as provided in subsection (b) and
section 2.4 of this chapter, to renew a license issued under IC 27-1-15.6, a resident insurance producer must complete at least
twenty-four (24) hours of credit in continuing education courses, not
more than four (4) hours of which may be in courses concerning one
(1)or a combination of the following:
(5)Time management.
If the insurance producer has a qualification described in IC 27-1-15.6-7(a)(1), IC 27-1-15.6-7(a)(2), or IC 27-1-15.6-7(a)(5), for a
license renewal that occurs after June 30, 2014, at least three (3) of the
hours of credit required by this subsection must be related to ethical
practices in the marketing and sale of life, health, or annuity insurance
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(a) Except as provided in subsection (b) and
section 2.4 of this chapter, to renew a license issued under IC 27-1-15.6, a resident insurance producer must complete at least
twenty-four (24) hours of credit in continuing education courses, not
more than four (4) hours of which may be in courses concerning one
(1) or a combination of the following:
(1) Sales promotion.
(2) Sales technique.
(3) Motivation.
(4) Psychology.
(5) Time management.
If the insurance producer has a qualification described in IC 27-1-15.6-7(a)(1), IC 27-1-15.6-7(a)(2), or IC 27-1-15.6-7(a)(5), for a
license renewal that occurs after June 30, 2014, at least three (3) of the
hours of credit required by this subsection must be related to ethical
practices in the marketing and sale of life, health, or annuity insurance
products. An attorney in good standing who is admitted to the practice
of law in Indiana and holds a license issued under IC 27-1-15.6 may
complete all or any number of hours of continuing education required
by this subsection by completing an equivalent number of hours in
continuing legal education courses that are related to the business of
insurance.
(b) Except as provided in subsection (c), to renew a license issued
under IC 27-1-15.6, a limited lines producer with a title qualification
under IC 27-1-15.6-7(a)(8) must complete at least seven (7) hours of
credit in continuing education courses related to the business of title
insurance, in a structured setting or comparable self-study, in any of the
following or any combination of the following:
(1) Ethical practices in the marketing and selling of title
insurance, including provisions of the Dodd-Frank Wall Street
Reform and Consumer Protection Act set forth in 12 U.S.C. 2608.
(2) Title insurance underwriting.
(3) Escrow matters.
(4) Matters concerning regulation by the department.
(5) Any other topic related to the marketing and selling of title
insurance.
An attorney in good standing who is admitted to the practice of law in
Indiana and holds a license issued under IC 27-1-15.6 with a title
qualification under IC 27-1-15.6-7(a)(8) may complete all or any
number of hours of continuing education required by this subsection by
completing an equivalent number of hours in continuing legal
education courses related to the business of title insurance or any
aspect of real property law.
(c) The following insurance producers are not required to complete
continuing education courses to renew a license under this chapter:
(1) A limited lines producer who is licensed without examination
under IC 27-1-15.6-18(1).
(2) A limited line credit insurance producer.
(3) A nonresident limited lines producer with a title qualification:
(A) whose home state requires continuing education for a title
qualification; and
(B) who has met the continuing education requirements
described in clause (A).
(d) Except as provided in section 2.2 of this chapter, to satisfy the
requirements of subsection (a) or (b), a licensee may use only those
credit hours earned in continuing education courses completed by the
licensee:
(1) after the effective date of the licensee's last renewal of a
license under this chapter; or
(2) if the licensee is renewing a license for the first time, after the
date on which the licensee was issued the license under this
chapter.
(e) If an insurance producer receives qualification for a license in
more than one (1) line of authority under IC 27-1-15.6, the insurance
producer may not be required to complete a total of more than
twenty-four (24) hours of credit in continuing education courses to
renew the license.
(f) Except as provided in subsection (g), a licensee may receive
credit only for completing the following continuing education courses:
(1) Continuing education courses that have been approved by the
commissioner under section 4 of this chapter.
(2) Continuing education courses that are required for the licensee
under IC 27-19-4-14.
(g) A licensee who teaches a course approved by the commissioner
under section 4 of this chapter shall receive continuing education credit
for teaching the course.
(h) When a licensee renews a license issued under this chapter, the
licensee must submit:
(1) a continuing education statement that:
(A) is in a format authorized by the commissioner;
(B) is signed by the licensee under oath; and
(C) lists the continuing education courses completed by the
licensee to satisfy the continuing education requirements of this
section; and
(2) any other information required by the commissioner.
(i) A continuing education statement submitted under subsection (h)
may be reviewed and audited by the department.
(j) A licensee shall retain a copy of the original certificate of
completion received by the licensee for completion of a continuing
education course.
(k) A licensee who completes a continuing education course that:
(1) is approved by the commissioner under section 4 of this
chapter;
(2) is held in a classroom setting; and
(3) concerns ethics;
shall receive continuing education credit not to exceed four (4) hours
in a renewal period.