Indiana § 27-11-8-9 Licensing of insurance producers of societies

Indiana Statutes

§ 27-11-8-9 — Licensing of insurance producers of societies

Indiana·Title 27 INSURANCE·Art. 11 FRATERNAL BENEFIT SOCIETIES·Ch. 8 Regulation

(a)Insurance producers of societies shall be licensed in accordance with the laws regulating the licensing and the revocation, suspension, or termination of license of resident and nonresident insurance producers.

(b)No examination or license shall be required of any regular salaried officer, employee, or member of a licensed society who devotes substantially all of the officer's, employee's or member's services to activities other than the solicitation of fraternal insurance contracts from the public and who receives for the solicitation of those contracts no commission or other compensation directly dependent upon the amount of business obtained.

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(a) Insurance producers of societies shall be
licensed in accordance with the laws regulating the licensing and the
revocation, suspension, or termination of license of resident and
nonresident insurance producers.
(b) No examination or license shall be required of any regular
salaried officer, employee, or member of a licensed society who
devotes substantially all of the officer's, employee's or member's
services to activities other than the solicitation of fraternal insurance
contracts from the public and who receives for the solicitation of those
contracts no commission or other compensation directly dependent
upon the amount of business obtained.

Indiana § 27-11-8-9 (Licensing of insurance producers of societies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.