Indiana § 27-6-9-12 Reinsurance intermediary-broker; requirements

Indiana Statutes

§ 27-6-9-12 — Reinsurance intermediary-broker; requirements

Indiana·Title 27 INSURANCE·Art. 6 REINSURANCE; INTERINSURANCE;·Ch. 9 Reinsurance Intermediaries

No person, firm, association, or corporation may act as a RB in Indiana if the RB maintains an office either directly, or as a member or employee of a firm or association, or as an officer, director, or employee of a corporation:

(1)in Indiana, unless the RB is a licensed producer in Indiana; or

(2)in another state, unless the RB:

(A)is a licensed producer in Indiana or another state having a law substantially similar to this chapter; or

(B)is licensed in Indiana as a nonresident reinsurance intermediary.

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No person, firm, association, or corporation
may act as a RB in Indiana if the RB maintains an office either directly,
or as a member or employee of a firm or association, or as an officer,
director, or employee of a corporation:
(1) in Indiana, unless the RB is a licensed producer in Indiana; or
(2) in another state, unless the RB:
(A) is a licensed producer in Indiana or another state having a
law substantially similar to this chapter; or
(B) is licensed in Indiana as a nonresident reinsurance
intermediary.

Indiana § 27-6-9-12 (Reinsurance intermediary-broker; requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.