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

Indiana § 27-7-17-18

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 7: SPECIAL TYPES OF INSURANCE
• Ch. 17: Travel Insurance

Text

(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.

Legislative History

As added by P.L.19-2022, SEC.5.