Indiana § 27-7-17-18 Travel administrators; licensing requirements

Indiana Statutes

§ 27-7-17-18 — Travel administrators; licensing requirements

Indiana·Title 27 INSURANCE·Art. 7 SPECIAL TYPES OF INSURANCE·Ch. 17 Travel Insurance

(a)Notwithstanding any other provision of this title, a person may not act or represent itself as a travel administrator for travel insurance in this state unless the person:

(1)is a licensed property and casualty insurance producer in this state for activities permitted under that producer license;

(2)holds a valid managing general agent license in this state; or

(3)holds a valid third party administrator license in this state.

(b)A travel administrator and its employees are exempt from the licensing requirements of IC 27-1-28 for travel insurance it administers.

(c)An insurer is responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer and is responsible for ensuring the travel administrator maintains all books and records relevan

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(a) Notwithstanding any other provision of
this title, a person may not act or represent itself as a travel
administrator for travel insurance in this state unless the person:
(1) is a licensed property and casualty insurance producer in this
state for activities permitted under that producer license;
(2) holds a valid managing general agent license in this state; or
(3) holds a valid third party administrator license in this state.
(b) A travel administrator and its employees are exempt from the
licensing requirements of IC 27-1-28 for travel insurance it
administers.
(c) An insurer is responsible for the acts of a travel administrator
administering travel insurance underwritten by the insurer and is
responsible for ensuring the travel administrator maintains all books
and records relevant to the insurer to be made available by the travel
administrator to the commissioner upon request.

Indiana § 27-7-17-18 (Travel administrators; licensing requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.