Indiana § 27-1-28-14 Qualifications; renewal; fees; expiration; content of license; change of
information; contract for administration

Indiana Statutes

§ 27-1-28-14 — Qualifications; renewal; fees; expiration; content of license; change of information; contract for administration

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 28 Independent Adjuster Licensing

(a)An independent adjuster may qualify for an independent adjuster license under this chapter in one (1) or more of the following lines of authority:

(1)Property and casualty insurance.

(2)Worker's compensation insurance.

(b)An independent adjuster licensed under this chapter is not required to hold another independent adjuster, insurance producer, or insurance administrator license in Indiana.

(c)An independent adjuster license:

(1)is effective for two (2) years after the date of issuance unless probated, suspended, revoked, or refused; and

(2)may be renewed if all requirements for renewal, including submission to the commissioner of a renewal fee of forty dollars ($40), are met on or before the renewal date.

(d)If an independent adjuster license expires, the independent adjuster

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(a) An independent adjuster may qualify for
an independent adjuster license under this chapter in one (1) or more
of the following lines of authority:
(1) Property and casualty insurance.
(2) Worker's compensation insurance.
(b) An independent adjuster licensed under this chapter is not
required to hold another independent adjuster, insurance producer, or
insurance administrator license in Indiana.
(c) An independent adjuster license:
(1) is effective for two (2) years after the date of issuance unless
probated, suspended, revoked, or refused; and
(2) may be renewed if all requirements for renewal, including
submission to the commissioner of a renewal fee of forty dollars
($40), are met on or before the renewal date.
(d) If an independent adjuster license expires, the independent
adjuster may, within twelve (12) months after the date of expiration, be
reissued an independent adjuster license upon receipt by the
commissioner of:
(1) a request for reissuance, as prescribed by the commissioner;
and
(2) a reissuance fee of eighty dollars ($80).
(e) An independent adjuster who is unable to comply with the
license renewal requirements of this section due to:
(1) military service;
(2) long term medical disability; or
(3) another extenuating circumstance determined by the
commissioner;
may request a waiver of the renewal requirements or applicable
sanction.
(f) A license issued under this chapter must contain the following:
(1) The licensee's name, address, and personal identification
number.
(2) The date of issuance.
(3) The date of expiration.
(4) Other information considered necessary by the commissioner.
(g) An independent adjuster is subject to IC 27-4-1-4.5.
(h) An independent adjuster shall, not more than thirty (30) days
after the occurrence of a change of the independent adjuster's:
(1) legal name; or
(2) home state address;
provide written notice to the commissioner of the change.
(i) The commissioner may contract with a nongovernmental entity
to perform ministerial functions required by this section, including the
collection of data and fees related to licensing.

Indiana § 27-1-28-14 (Qualifications; renewal; fees; expiration; content of license; change of information; contract for administration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.