Indiana § 27-7-10-31 Purchasing groups; solicitation, negotiation, or procurement of liability
insurance; license requirements

Indiana Statutes

§ 27-7-10-31 — Purchasing groups; solicitation, negotiation, or procurement of liability insurance; license requirements

Indiana·Title 27 INSURANCE·Art. 7 SPECIAL TYPES OF INSURANCE·Ch. 10 Risk Retention Groups

(a)No individual, firm, association, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance in Indiana for a purchasing group from an authorized insurer or a risk retention group chartered in a state unless the individual, firm, association, or corporation is licensed as an insurance producer under IC 27-1-15.6.

(b)No individual, firm, association, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance coverage in Indiana for any member of a purchasing group under a purchasing group's policy unless the individual, firm, association, or corporation is licensed as an insurance producer under IC 27-1-15.6.

(c)No individual, firm, association, or corporation may act or aid in any manner in so

Free access — add to your briefcase to read the full text and ask questions with AI

(a) No individual, firm, association, or
corporation may act or aid in any manner in soliciting, negotiating, or
procuring liability insurance in Indiana for a purchasing group from an
authorized insurer or a risk retention group chartered in a state unless
the individual, firm, association, or corporation is licensed as an
insurance producer under IC 27-1-15.6.
(b) No individual, firm, association, or corporation may act or aid
in any manner in soliciting, negotiating, or procuring liability insurance
coverage in Indiana for any member of a purchasing group under a
purchasing group's policy unless the individual, firm, association, or
corporation is licensed as an insurance producer under IC 27-1-15.6.
(c) No individual, firm, association, or corporation may act or aid in
any manner in soliciting, negotiating, or procuring liability insurance
from an insurer not authorized to do business in Indiana on behalf of a
purchasing group located in Indiana unless the individual, firm,
association, or corporation is licensed as a surplus lines producer under
IC 27-1-15.8.

Indiana § 27-7-10-31 (Purchasing groups; solicitation, negotiation, or procurement of liability insurance; license requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.