§ 27-8-19.8-15 — Expiration and renewal of license

Indiana § 27-8-19.8-15

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 8: LIFE, ACCIDENT, AND HEALTH
• Ch. 19.8: Viatical Settlements

Text

(a) A license issued or renewed under this
chapter expires on July 1 after its issuance or renewal.
(b) A viatical settlement provider may renew a license by:
(1) applying for renewal on forms prescribed by the department;
and
(2) paying the renewal fee.
(c) The department shall adopt rules under IC 4-22-2 to do the
following:
(1) Set the renewal fee required by this section.
(2) Set a date before July 1 and before which receipt of a license
renewal application can be processed without a lapse in the
license.
(d) A viatical settlement provider that submits an application for
renewal after the date set under subsection (c)(2):
(1) is not entitled to have the license renewed before July 1; and
(2) may not act as a viatical settlement provider until the
department issues the license renewal, if the department is unable
to process the renewal before July 1.

Legislative History

As added by P.L.130-1994, SEC.47 and P.L.116-1994, SEC.70. Amended by P.L.32-1998, SEC.17.