Indiana Statutes
§ 28-14-3-11 — Acting as insurance producer for sale of annuity contract or life insurance policy
(a)Notwithstanding any other provision of
this title, a corporate fiduciary may act as an insurance producer for the
sale of any annuity contract or any life insurance policy issued by a life
insurance company (as defined in IC 27-1-2-3) authorized to do
business in Indiana under IC 27-1.
(b)A corporate fiduciary that acts as an agent for the sale of an
annuity contract or a life insurance policy:
(1)is subject to all requirements of IC 27 relating to the sale and
solicitation of insurance, including licensing as an insurance
producer under IC 27-1-15.6; and
(2)must comply with the disclosure requirements under IC 27-1-38.
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Indiana § 28-14-3-11 (Acting as insurance producer for sale of annuity contract or life insurance policy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.262-1995, SEC.90. Amended by P.L.215-1999,
SEC.14; P.L.132-2001, SEC.21; P.L.130-2002, SEC.9; P.L.178-2003,
SEC.95.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows