§ 28-14-3-11 — Acting as insurance producer for sale of annuity contract or life insurance policy

Indiana § 28-14-3-11

• Jurisdiction: Indiana
• Art. 14: CORPORATE FIDUCIARIES
• Ch. 3: Powers and Duties

Text

(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.

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.