§ 27-1-15.9-18 — Application for limited lines producer license

Indiana § 27-1-15.9-18

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 15.9: Portable Electronics Insurance

Text

(a) A vendor shall apply for a limited lines
producer license required by this chapter by filing a sworn application
for the license with the commissioner on forms prescribed and
furnished by the commissioner.
(b) An application filed under subsection (a) must include the
following information:
(1) Except as provided in subdivision (2), the name, residence
address, and other information required by the commissioner for
an employee or officer of the vendor who is designated by the
vendor as the individual who is responsible for the vendor's
compliance with this chapter.
(2) If the vendor derives more than fifty percent (50%) of the
vendor's revenue from the sale of portable electronics insurance,
the name, residence address, and other information required by
the commissioner for each officer, director, and shareholder of
record that has beneficial ownership of at least ten percent (10%)
of any class of securities registered by the vendor under federal
securities law.
(3) The physical address of the vendor's home office.

Legislative History

As added by P.L.4-2012, SEC.3.