§ 27-1-16.1-8 — Limited lines producer's license required; training and limits on employee and authorized representative conduct

Indiana § 27-1-16.1-8

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 16.1: Self-Storage Insurance

Text

(a) A self-storage facility shall not sell,
solicit, or negotiate self-storage insurance unless the self-storage
facility holds a limited lines producer's license issued under IC 27-1-15.6-18 to sell, solicit, or negotiate self-storage insurance.
(b) A limited lines producer's license required by subsection (a)
authorizes each of the following to sell, solicit, or negotiate self-storage
insurance to a customer at each of a self-storage facility's locations in
Indiana:
(1) The self-storage facility.
(2) Each of the self-storage facility's employees or authorized
representatives, regardless of whether the employee or authorized
representative is individually licensed under IC 27-1-15.6, if the
insurer that issues the self-storage insurance directly supervises
or appoints a supervising entity to supervise:
(A) the administration of the self-storage insurance sold by the
self-storage facility; and
(B) a training program for the employees and authorized
representatives.
(c) The following apply to a training program described in
subsection (b):
(1) The training must be provided to any employee or authorized
representative who is directly engaged in the sale, solicitation, or
negotiation of self-storage insurance.
(2) Initial training of an employee or authorized representative:
(A) must be provided before the employee or authorized
representative engages in the sale, solicitation, or negotiation of
self-storage insurance; and
(B) may be provided in electronic form or another form.
(3) Continuing training of an employee or authorized
representative:
(A) must be provided on a periodic basis; and
(B) may be provided in electronic form or another form.
(4) The training must be developed and overseen by employees of
the supervising entity who are licensed as insurance producers
under IC 27-1-15.6 with the qualifications described in IC 27-1-15.6-7(a)(3) and IC 27-1-15.6-7(a)(4).
(5) The training must provide basic instruction concerning the:
(A) self-storage insurance offered to customers of the
self-storage facility; and
(B) disclosures required by section 10 of this chapter.
(d) An employee or authorized representative of a self-storage
facility shall not:
(1) sell, solicit, or negotiate self-storage insurance except in
connection with and incidental to the rental of storage space by
the self-storage facility; or
(2) advertise or represent that the self-storage facility is an
insurance producer other than a limited lines producer licensed
under IC 27-1-15.6.

Legislative History

As added by P.L.81-2013, SEC.3.