§ 27-1-15.7-6.5 — Insurance producer education and continuing education commission

Indiana § 27-1-15.7-6.5

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 15.7: Insurance Producer License Renewal

Text

5. (a) As used in this section, "commission"
refers to the insurance producer education and continuing education
commission established by subsection (b).
(b) The insurance producer education and continuing education
commission is established within the department. The commissioner
shall appoint the following seven (7) individuals:
(1) One (1) individual nominated by the Professional Insurance
Agents of Indiana or its successor organization.
(2) One (1) individual nominated by the Independent Insurance
Agents of Indiana or its successor organization.
(3) One (1) individual nominated by the Indiana Association of
Insurance and Financial Advisors or its successor organization.
(4) One (1) individual nominated by the Indiana State Association
of Health Underwriters or its successor organization.
(5) One (1) individual nominated by the Association of Life
Insurance Companies or its successor organization.
(6) One (1) individual nominated by the Insurance Institute of
Indiana or its successor organization.
(7) One (1) individual nominated by the Indiana Land Title
Association or its successor organization.
The commissioner shall solicit nominations from the entities set forth
in this subsection. The commissioner may deny to make the
appointment of an individual nominated under this subsection only if
the commissioner determines that the individual is not in good standing
with the department or is not qualified. If the commissioner denies the
appointment of an individual nominated under this subsection, the
commissioner shall provide the nominating entity with the reason for
the denial and allow the nominating entity to submit an alternative
nomination.
(c) A member of the commission serves for a term of three (3) years
that expires June 30, 2027, and every third year thereafter. A member
may not serve more than two (2) consecutive terms.
(d) The commissioner shall appoint a member of the commission to
serve as chairperson, who serves at the will of the commissioner. The
commission shall meet:
(1) at the call of the chairperson; and
(2) at least semiannually.
The department shall staff the commission. Four (4) members
constitute a quorum of the commission.
(e) The commissioner shall fill a vacancy on the commission with
a nomination from the entity that nominated the predecessor or the
entity's successor. The individual appointed to fill the vacancy shall
serve for the remainder of the predecessor's term.
(f) A member of the commission is entitled to the minimum salary
per diem provided under IC 4-10-11-2.1(b). A member is also entitled
to reimbursement for traveling expenses and other expenses actually
incurred in connection with the member's duties, in accordance with
state travel policies and procedures established by the Indiana
department of administration and approved by the budget agency.
Money paid under this subsection shall be paid from amounts
appropriated to the department.
(g) The commission shall review and make recommendations to the
commissioner concerning the following:
(1) Course materials and curriculum and instructor credentials for
prelicensing courses of study for which certification by the
commissioner is sought under section 5 of this chapter.
(2) Continuing education requirements for insurance producers.
(3) Continuing education courses for which the approval of the
commissioner is sought under section 4 of this chapter.
(4) Rules proposed for adoption by the commissioner concerning
continuing education under this chapter.
(h) A member of the commission or a designee of the commissioner
is permitted access to any classroom while instruction is in progress to
monitor the classroom instruction.

Legislative History

As added by P.L.158-2024, SEC.4.