IC 27-1-15.7
Chapter 15.7. Insurance Producer License Renewal
IC 27-1-15.7-1 Applicability of definitions
Sec. 1. The definitions in IC 27-1-15.6-2 apply throughout this
chapter. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7-2 License renewal
Sec. 2. (a) Except as provided in subsection (b), to renew a license
issued under IC 27-1-15.6:
(1) a resident insurance producer must complete at least twenty
(20) hours of credit in continuing education courses; and
(2) a resident limited lines producer must complete at least five
(5) hours of credit in continuing education courses.
An attorney in good standing who is admitted to the practice of law
in Indiana and holds a license issued under IC 27-1-15.6 may
complete all or any number of hours of continuing education
required by this subsection by completing an equivalent number of
hours in continuing legal education courses that are related to the
business of insurance.
(b) To renew a license issued under IC 27-1-15.6, a limited lines
producer with a title qualification under IC 27-1-15.6-7(a)(8) must
complete at least seven (7) hours of credit in continuing education
courses related to the business of title insurance with at least one (1)
hour of instruction in a structured setting or comparable self-study in
each of the following:
(1) Ethical practices in the marketing and selling of title
insurance.
(2) Title insurance underwriting.
(3) Escrow issues.
(4) Principles of the federal Real Estate Settlement Procedures
Act (12 U.S.C. 2608).
An attorney in good standing who is admitted to the practice of law
in Indiana and holds a license issued under IC 27-1-15.6 with a title
qualification under IC 27-1-15.6-7(a)(8) may complete all or any
number of hours of continuing education required by this subsection
by completing an equivalent number of hours in continuing legal
education courses related to the business of title insurance or any
aspect of real property law.
(c) The following insurance producers are not required to
complete continuing education courses to renew a license under this
chapter:
(1) A limited lines producer who is licensed without
examination under IC 27-1-15.6-18(1) or IC 27-1-15.6-18(2).
(2) A limited line credit insurance producer.
(3) An insurance producer who is at least seventy (70) years of
age and has been a licensed insurance producer continuously for
at least twenty (20) years immediately preceding the license
renewal date.
(d) To satisfy the requirements of subsection (a) or (b), a licensee
may use only those credit hours earned in continuing education
courses completed by the licensee:
(1) after the effective date of the licensee's last renewal of a
license under this chapter; or
(2) if the licensee is renewing a license for the first time, after
the date on which the licensee was issued the license under this
chapter.
(e) If an insurance producer receives qualification for a license in
more than one (1) line of authority under IC 27-1-15.6, the insurance
producer may not be required to complete a total of more than twenty
(20) hours of credit in continuing education courses to renew the
license.
(f) Except as provided in subsection (g), a licensee may receive
credit only for completing continuing education courses that have
been approved by the commissioner under section 4 of this chapter.
(g) A licensee who teaches a course approved by the
commissioner under section 4 of this chapter shall receive continuing
education credit for teaching the course.
(h) When a licensee renews a license issued under this chapter,
the licensee must submit:
(1) a continuing education statement that:
(A) is in a format authorized by the commissioner;
(B) is signed by the licensee under oath; and
(C) lists the continuing education courses completed by the
licensee to satisfy the continuing education requirements of
this section; and
(2) any other information required by the commissioner.
(i) A continuing education statement submitted under subsection
(h) may be reviewed and audited by the department.
(j) A licensee shall retain a copy of the original certificate of
completion received by the licensee for completion of a continuing
education course.
(k) A licensee who completes a continuing education course that:
(1) is approved by the commissioner under section 4 of this
chapter;
(2) is held in a classroom setting; and
(3) concerns ethics;
shall receive continuing education credit for the number of hours for
which the course is approved plus additional hours, not to exceed
two (2) hours in a renewal period, equal to the number of hours for
which the course is approved. As added by P.L.132-2001, SEC.4. Amended by P.L.1-2002,
SEC.109; P.L.64-2004, SEC.25; P.L.60-2005, SEC.1; P.L.73-2006,
SEC.1; P.L.173-2007, SEC.14.
IC 27-1-15.7-2.5 Waiver of licensure and continuing education requirements
Sec. 2.5. The commissioner shall, not later than September 1,
2005, establish a policy to allow a waiver of the:
(1) continuing education requirements of this chapter; and
(2) license renewal requirements of IC 27-1-15.6 and this
chapter;
for an insurance producer who is serving on active duty in the armed
forces of the United States in an area designated as a combat zone by
the President of the United States. As added by P.L.56-2005, SEC.1 and P.L.60-2005, SEC.2.
IC 27-1-15.7-3 Extension for continuing education requirements
Sec. 3. (a) The commissioner may grant an extension for
complying with the continuing education requirement set forth in
section 2 of this chapter.
(b) To receive an extension under this section, a licensee must file
a request with the commissioner on a form provided by the
commissioner.
(c) After a licensee files a request for an extension, the license of
the licensee remains in effect until the commissioner makes a
decision on the request.
(d) If the commissioner denies a licensee's request for an
extension, the licensee must complete continuing education
requirements set forth in section 2 of this chapter within ninety (90)
days after the commissioner notifies the licensee of the denial. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7-4 Approval of continuing education courses
Sec. 4. (a) The commissioner shall approve and disapprove
continuing education courses after considering recommendations
made by the insurance producer education and continuing education
advisory council created under section 6 of this chapter.
(b) The commissioner may not approve a course under this section
if the course:
(1) is designed to prepare an individual to receive an initial
license under this chapter;
(2) concerns only routine, basic office skills, including filing,
keyboarding, and basic computer skills;
(3) concerns sales promotion and sales techniques;
(4) concerns motivation, psychology, or time management; or
(5) may be completed by a licensee without supervision by an
instructor, unless the course involves an examination process
that is:
(A) completed and passed by the licensee as determined by
the provider of the course; and
(B) approved by the commissioner.
(c) The commissioner shall approve a course under this section
that is submitted for approval by an insurance trade association or
professional insurance association if:
(1) the objective of the course is to educate a manager or an
owner of a business entity that is required to obtain an
insurance producer license under IC 27-1-15.6-6(d);
(2) the course teaches insurance producer management and is
designed to result in improved efficiency in insurance producer
operations, systems use, or key functions;
(3) the course is designed to benefit consumers; and
(4) the course is not described in subsection (b).
(d) Approval of a continuing education course under this section
shall be for a period of not more than two (2) years.
(e) A prospective provider of a continuing education course shall
pay:
(1) a fee of forty dollars ($40) for each course submitted for
approval of the commissioner under this section; or
(2) an annual fee of five hundred dollars ($500) not later than
January 1 of a calendar year, which entitles the prospective
provider to submit an unlimited number of courses for approval
of the commissioner under this section during the calendar year.
The commissioner may waive all or a portion of the fee for a course
submitted under a reciprocity agreement with another state for the
approval or disapproval of continuing education courses. Fees
collected under this subsection shall be deposited in the department
of insurance fund established under IC 27-1-3-28.
(f) The commissioner shall adopt rules under IC 4-22-2 to
establish procedures for approving continuing education courses. As added by P.L.132-2001, SEC.4. Amended by P.L.57-2005, SEC.1.
IC 27-1-15.7-5 Certified prelicensing courses of study
Sec. 5. (a) To qualify as a certified prelicensing course of study
for purposes of IC 27-1-15.6-6, an insurance producer program of
study must meet all of the following criteria:
(1) Be conducted or developed by an:
(A) insurance trade association;
(B) accredited college or university;
(C) educational organization certified by the insurance
producer education and continuing education advisory
council; or
(D) insurance company licensed to do business in Indiana.
(2) Provide for self-study or instruction provided by an
approved instructor in a structured setting, as follows:
(A) For life insurance producers, not less than twenty-four
(24) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana; and
(iii) principles of life insurance.
(B) For health insurance producers, not less than twenty-four
(24) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana; and
(iii) principles of health insurance.
(C) For life and health insurance producers, not less than
forty (40) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana;
(iii) principles of life insurance; and
(iv) principles of health insurance.
(D) For property and casualty insurance producers, not less
than forty (40) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana;
(iii) principles of property insurance; and
(iv) principles of liability insurance.
(E) For personal lines producers, a minimum of twenty-four
(24) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana; and
(iii) principles of property and liability insurance
applicable to coverages sold to individuals and families for
primarily noncommercial purposes.
(F) For title insurance producers, not less than ten (10) hours
of instruction in a structured setting or comparable self-study
on:
(i) ethical practices in the marketing and selling of title
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana;
(iii) principles of title insurance, including underwriting
and escrow issues; and
(iv) principles of the federal Real Estate Settlement
Procedures Act (12 U.S.C. 2608).
(3) Instruction provided in a structured setting must be provided
only by individuals who meet the qualifications established by
the commissioner under subsection (b).
(b) The commissioner, after consulting with the insurance
producer education and continuing education advisory council, shall
adopt rules under IC 4-22-2 prescribing the criteria that a person
must meet to render instruction in a certified prelicensing course of
study.
(c) The commissioner shall adopt rules under IC 4-22-2
prescribing the subject matter that an insurance producer program of
study must cover to qualify for certification as a certified
prelicensing course of study under this section.
(d) The commissioner may make recommendations that the
commissioner considers necessary for improvements in course
materials.
(e) The commissioner shall designate a program of study that
meets the requirements of this section as a certified prelicensing
course of study for purposes of IC 27-1-15.6-6.
(f) The commissioner may, after notice and opportunity for a
hearing, withdraw the certification of a course of study that does not
maintain reasonable standards, as determined by the commissioner
for the protection of the public.
(g) Current course materials for a prelicensing course of study that
is certified under this section must be submitted to the commissioner
upon request, but not less frequently than once every three (3) years. As added by P.L.132-2001, SEC.4. Amended by P.L.64-2004,
SEC.26.
IC 27-1-15.7-6 Insurance producer education and continuing education advisory
council
Sec. 6. (a) As used in this section, "council" refers to the
insurance producer education and continuing education advisory
council created under subsection (b).
(b) The insurance producer education and continuing education
advisory council is created within the department. The council
consists of the commissioner and fifteen (15) members appointed by
the governor as follows:
(1) Two (2) members recommended by the Professional
Insurance Agents of Indiana.
(2) Two (2) members recommended by the Independent
Insurance Agents of Indiana.
(3) Two (2) members recommended by the Indiana Association
of Insurance and Financial Advisors.
(4) Two (2) members recommended by the Indiana State
Association of Health Underwriters.
(5) Two (2) representatives of direct writing or exclusive
producer's insurance companies.
(6) One (1) representative of the Association of Life Insurance
Companies.
(7) One (1) member recommended by the Insurance Institute of
Indiana.
(8) One (1) member recommended by the Indiana Land Title
Association.
(9) Two (2) other individuals.
(c) Members of the council serve for a term of three (3) years.
Members may not serve more than two (2) consecutive terms.
(d) Before making appointments to the council, the governor
must:
(1) solicit; and
(2) select appointees to the council from;
nominations made by organizations and associations that represent
individuals and corporations selling insurance in Indiana.
(e) The council shall meet at least semiannually.
(f) A member of the council is entitled to the minimum salary per
diem provided under IC 4-10-11-2.1(b). A member is also entitled to
reimbursement for traveling expenses and other expenses actually
incurred in connection with the member's duties, as provided in the
state travel policies and procedures established by the state
department of administration and approved by the state budget
agency.
(g) The council shall review and make recommendations to the
commissioner with respect to course materials, curriculum, and
credentials of instructors of each prelicensing course of study for
which certification by the commissioner is sought under section 5 of
this chapter and shall make recommendations to the commissioner
with respect to educational requirements for insurance producers.
(h) A member of the council or designee of the commissioner
shall be permitted access to any classroom while instruction is in
progress to monitor the classroom instruction.
(i) The council shall make recommendations to the commissioner
concerning the following:
(1) Continuing education courses for which the approval of the
commissioner is sought under section 4 of this chapter.
(2) Rules proposed for adoption by the commissioner that
would affect continuing education. As added by P.L.132-2001, SEC.4. Amended by P.L.64-2004,
SEC.27; P.L.73-2006, SEC.2.
IC 27-1-15.7-7 Rules
Sec. 7. The commissioner may adopt rules under IC 4-22-2 to
implement this chapter. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7-8 Hearings
Sec. 8. All hearings held under this chapter are governed by
IC 4-21.5-3. The commissioner may appoint members of the
commissioner's staff to act as hearing officers for purposes of
hearings held under this chapter. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7
Chapter 15.7. Insurance Producer License Renewal
IC 27-1-15.7-1 Applicability of definitions
Sec. 1. The definitions in IC 27-1-15.6-2 apply throughout this
chapter. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7-2 License renewal
Sec. 2. (a) Except as provided in subsection (b), to renew a license
issued under IC 27-1-15.6:
(1) a resident insurance producer must complete at least twenty
(20) hours of credit in continuing education courses; and
(2) a resident limited lines producer must complete at least five
(5) hours of credit in continuing education courses.
An attorney in good standing who is admitted to the practice of law
in Indiana and holds a license issued under IC 27-1-15.6 may
complete all or any number of hours of continuing education
required by this subsection by completing an equivalent number of
hours in continuing legal education courses that are related to the
business of insurance.
(b) To renew a license issued under IC 27-1-15.6, a limited lines
producer with a title qualification under IC 27-1-15.6-7(a)(8) must
complete at least seven (7) hours of credit in continuing education
courses related to the business of title insurance with at least one (1)
hour of instruction in a structured setting or comparable self-study in
each of the following:
(1) Ethical practices in the marketing and selling of title
insurance.
(2) Title insurance underwriting.
(3) Escrow issues.
(4) Principles of the federal Real Estate Settlement Procedures
Act (12 U.S.C. 2608).
An attorney in good standing who is admitted to the practice of law
in Indiana and holds a license issued under IC 27-1-15.6 with a title
qualification under IC 27-1-15.6-7(a)(8) may complete all or any
number of hours of continuing education required by this subsection
by completing an equivalent number of hours in continuing legal
education courses related to the business of title insurance or any
aspect of real property law.
(c) The following insurance producers are not required to
complete continuing education courses to renew a license under this
chapter:
(1) A limited lines producer who is licensed without
examination under IC 27-1-15.6-18(1) or IC 27-1-15.6-18(2).
(2) A limited line credit insurance producer.
(3) An insurance producer who is at least seventy (70) years of
age and has been a licensed insurance producer continuously for
at least twenty (20) years immediately preceding the license
renewal date.
(d) To satisfy the requirements of subsection (a) or (b), a licensee
may use only those credit hours earned in continuing education
courses completed by the licensee:
(1) after the effective date of the licensee's last renewal of a
license under this chapter; or
(2) if the licensee is renewing a license for the first time, after
the date on which the licensee was issued the license under this
chapter.
(e) If an insurance producer receives qualification for a license in
more than one (1) line of authority under IC 27-1-15.6, the insurance
producer may not be required to complete a total of more than twenty
(20) hours of credit in continuing education courses to renew the
license.
(f) Except as provided in subsection (g), a licensee may receive
credit only for completing continuing education courses that have
been approved by the commissioner under section 4 of this chapter.
(g) A licensee who teaches a course approved by the
commissioner under section 4 of this chapter shall receive continuing
education credit for teaching the course.
(h) When a licensee renews a license issued under this chapter,
the licensee must submit:
(1) a continuing education statement that:
(A) is in a format authorized by the commissioner;
(B) is signed by the licensee under oath; and
(C) lists the continuing education courses completed by the
licensee to satisfy the continuing education requirements of
this section; and
(2) any other information required by the commissioner.
(i) A continuing education statement submitted under subsection
(h) may be reviewed and audited by the department.
(j) A licensee shall retain a copy of the original certificate of
completion received by the licensee for completion of a continuing
education course.
(k) A licensee who completes a continuing education course that:
(1) is approved by the commissioner under section 4 of this
chapter;
(2) is held in a classroom setting; and
(3) concerns ethics;
shall receive continuing education credit for the number of hours for
which the course is approved plus additional hours, not to exceed
two (2) hours in a renewal period, equal to the number of hours for
which the course is approved. As added by P.L.132-2001, SEC.4. Amended by P.L.1-2002,
SEC.109; P.L.64-2004, SEC.25; P.L.60-2005, SEC.1; P.L.73-2006,
SEC.1; P.L.173-2007, SEC.14.
IC 27-1-15.7-2.5 Waiver of licensure and continuing education requirements
Sec. 2.5. The commissioner shall, not later than September 1,
2005, establish a policy to allow a waiver of the:
(1) continuing education requirements of this chapter; and
(2) license renewal requirements of IC 27-1-15.6 and this
chapter;
for an insurance producer who is serving on active duty in the armed
forces of the United States in an area designated as a combat zone by
the President of the United States. As added by P.L.56-2005, SEC.1 and P.L.60-2005, SEC.2.
IC 27-1-15.7-3 Extension for continuing education requirements
Sec. 3. (a) The commissioner may grant an extension for
complying with the continuing education requirement set forth in
section 2 of this chapter.
(b) To receive an extension under this section, a licensee must file
a request with the commissioner on a form provided by the
commissioner.
(c) After a licensee files a request for an extension, the license of
the licensee remains in effect until the commissioner makes a
decision on the request.
(d) If the commissioner denies a licensee's request for an
extension, the licensee must complete continuing education
requirements set forth in section 2 of this chapter within ninety (90)
days after the commissioner notifies the licensee of the denial. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7-4 Approval of continuing education courses
Sec. 4. (a) The commissioner shall approve and disapprove
continuing education courses after considering recommendations
made by the insurance producer education and continuing education
advisory council created under section 6 of this chapter.
(b) The commissioner may not approve a course under this section
if the course:
(1) is designed to prepare an individual to receive an initial
license under this chapter;
(2) concerns only routine, basic office skills, including filing,
keyboarding, and basic computer skills;
(3) concerns sales promotion and sales techniques;
(4) concerns motivation, psychology, or time management; or
(5) may be completed by a licensee without supervision by an
instructor, unless the course involves an examination process
that is:
(A) completed and passed by the licensee as determined by
the provider of the course; and
(B) approved by the commissioner.
(c) The commissioner shall approve a course under this section
that is submitted for approval by an insurance trade association or
professional insurance association if:
(1) the objective of the course is to educate a manager or an
owner of a business entity that is required to obtain an
insurance producer license under IC 27-1-15.6-6(d);
(2) the course teaches insurance producer management and is
designed to result in improved efficiency in insurance producer
operations, systems use, or key functions;
(3) the course is designed to benefit consumers; and
(4) the course is not described in subsection (b).
(d) Approval of a continuing education course under this section
shall be for a period of not more than two (2) years.
(e) A prospective provider of a continuing education course shall
pay:
(1) a fee of forty dollars ($40) for each course submitted for
approval of the commissioner under this section; or
(2) an annual fee of five hundred dollars ($500) not later than
January 1 of a calendar year, which entitles the prospective
provider to submit an unlimited number of courses for approval
of the commissioner under this section during the calendar year.
The commissioner may waive all or a portion of the fee for a course
submitted under a reciprocity agreement with another state for the
approval or disapproval of continuing education courses. Fees
collected under this subsection shall be deposited in the department
of insurance fund established under IC 27-1-3-28.
(f) The commissioner shall adopt rules under IC 4-22-2 to
establish procedures for approving continuing education courses. As added by P.L.132-2001, SEC.4. Amended by P.L.57-2005, SEC.1.
IC 27-1-15.7-5 Certified prelicensing courses of study
Sec. 5. (a) To qualify as a certified prelicensing course of study
for purposes of IC 27-1-15.6-6, an insurance producer program of
study must meet all of the following criteria:
(1) Be conducted or developed by an:
(A) insurance trade association;
(B) accredited college or university;
(C) educational organization certified by the insurance
producer education and continuing education advisory
council; or
(D) insurance company licensed to do business in Indiana.
(2) Provide for self-study or instruction provided by an
approved instructor in a structured setting, as follows:
(A) For life insurance producers, not less than twenty-four
(24) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana; and
(iii) principles of life insurance.
(B) For health insurance producers, not less than twenty-four
(24) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana; and
(iii) principles of health insurance.
(C) For life and health insurance producers, not less than
forty (40) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana;
(iii) principles of life insurance; and
(iv) principles of health insurance.
(D) For property and casualty insurance producers, not less
than forty (40) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana;
(iii) principles of property insurance; and
(iv) principles of liability insurance.
(E) For personal lines producers, a minimum of twenty-four
(24) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana; and
(iii) principles of property and liability insurance
applicable to coverages sold to individuals and families for
primarily noncommercial purposes.
(F) For title insurance producers, not less than ten (10) hours
of instruction in a structured setting or comparable self-study
on:
(i) ethical practices in the marketing and selling of title
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana;
(iii) principles of title insurance, including underwriting
and escrow issues; and
(iv) principles of the federal Real Estate Settlement
Procedures Act (12 U.S.C. 2608).
(3) Instruction provided in a structured setting must be provided
only by individuals who meet the qualifications established by
the commissioner under subsection (b).
(b) The commissioner, after consulting with the insurance
producer education and continuing education advisory council, shall
adopt rules under IC 4-22-2 prescribing the criteria that a person
must meet to render instruction in a certified prelicensing course of
study.
(c) The commissioner shall adopt rules under IC 4-22-2
prescribing the subject matter that an insurance producer program of
study must cover to qualify for certification as a certified
prelicensing course of study under this section.
(d) The commissioner may make recommendations that the
commissioner considers necessary for improvements in course
materials.
(e) The commissioner shall designate a program of study that
meets the requirements of this section as a certified prelicensing
course of study for purposes of IC 27-1-15.6-6.
(f) The commissioner may, after notice and opportunity for a
hearing, withdraw the certification of a course of study that does not
maintain reasonable standards, as determined by the commissioner
for the protection of the public.
(g) Current course materials for a prelicensing course of study that
is certified under this section must be submitted to the commissioner
upon request, but not less frequently than once every three (3) years. As added by P.L.132-2001, SEC.4. Amended by P.L.64-2004,
SEC.26.
IC 27-1-15.7-6 Insurance producer education and continuing education advisory
council
Sec. 6. (a) As used in this section, "council" refers to the
insurance producer education and continuing education advisory
council created under subsection (b).
(b) The insurance producer education and continuing education
advisory council is created within the department. The council
consists of the commissioner and fifteen (15) members appointed by
the governor as follows:
(1) Two (2) members recommended by the Professional
Insurance Agents of Indiana.
(2) Two (2) members recommended by the Independent
Insurance Agents of Indiana.
(3) Two (2) members recommended by the Indiana Association
of Insurance and Financial Advisors.
(4) Two (2) members recommended by the Indiana State
Association of Health Underwriters.
(5) Two (2) representatives of direct writing or exclusive
producer's insurance companies.
(6) One (1) representative of the Association of Life Insurance
Companies.
(7) One (1) member recommended by the Insurance Institute of
Indiana.
(8) One (1) member recommended by the Indiana Land Title
Association.
(9) Two (2) other individuals.
(c) Members of the council serve for a term of three (3) years.
Members may not serve more than two (2) consecutive terms.
(d) Before making appointments to the council, the governor
must:
(1) solicit; and
(2) select appointees to the council from;
nominations made by organizations and associations that represent
individuals and corporations selling insurance in Indiana.
(e) The council shall meet at least semiannually.
(f) A member of the council is entitled to the minimum salary per
diem provided under IC 4-10-11-2.1(b). A member is also entitled to
reimbursement for traveling expenses and other expenses actually
incurred in connection with the member's duties, as provided in the
state travel policies and procedures established by the state
department of administration and approved by the state budget
agency.
(g) The council shall review and make recommendations to the
commissioner with respect to course materials, curriculum, and
credentials of instructors of each prelicensing course of study for
which certification by the commissioner is sought under section 5 of
this chapter and shall make recommendations to the commissioner
with respect to educational requirements for insurance producers.
(h) A member of the council or designee of the commissioner
shall be permitted access to any classroom while instruction is in
progress to monitor the classroom instruction.
(i) The council shall make recommendations to the commissioner
concerning the following:
(1) Continuing education courses for which the approval of the
commissioner is sought under section 4 of this chapter.
(2) Rules proposed for adoption by the commissioner that
would affect continuing education. As added by P.L.132-2001, SEC.4. Amended by P.L.64-2004,
SEC.27; P.L.73-2006, SEC.2.
IC 27-1-15.7-7 Rules
Sec. 7. The commissioner may adopt rules under IC 4-22-2 to
implement this chapter. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7-8 Hearings
Sec. 8. All hearings held under this chapter are governed by
IC 4-21.5-3. The commissioner may appoint members of the
commissioner's staff to act as hearing officers for purposes of
hearings held under this chapter. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7
Chapter 15.7. Insurance Producer License Renewal
IC 27-1-15.7-1 Applicability of definitions
Sec. 1. The definitions in IC 27-1-15.6-2 apply throughout this
chapter. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7-2 License renewal
Sec. 2. (a) Except as provided in subsection (b), to renew a license
issued under IC 27-1-15.6:
(1) a resident insurance producer must complete at least twenty
(20) hours of credit in continuing education courses; and
(2) a resident limited lines producer must complete at least five
(5) hours of credit in continuing education courses.
An attorney in good standing who is admitted to the practice of law
in Indiana and holds a license issued under IC 27-1-15.6 may
complete all or any number of hours of continuing education
required by this subsection by completing an equivalent number of
hours in continuing legal education courses that are related to the
business of insurance.
(b) To renew a license issued under IC 27-1-15.6, a limited lines
producer with a title qualification under IC 27-1-15.6-7(a)(8) must
complete at least seven (7) hours of credit in continuing education
courses related to the business of title insurance with at least one (1)
hour of instruction in a structured setting or comparable self-study in
each of the following:
(1) Ethical practices in the marketing and selling of title
insurance.
(2) Title insurance underwriting.
(3) Escrow issues.
(4) Principles of the federal Real Estate Settlement Procedures
Act (12 U.S.C. 2608).
An attorney in good standing who is admitted to the practice of law
in Indiana and holds a license issued under IC 27-1-15.6 with a title
qualification under IC 27-1-15.6-7(a)(8) may complete all or any
number of hours of continuing education required by this subsection
by completing an equivalent number of hours in continuing legal
education courses related to the business of title insurance or any
aspect of real property law.
(c) The following insurance producers are not required to
complete continuing education courses to renew a license under this
chapter:
(1) A limited lines producer who is licensed without
examination under IC 27-1-15.6-18(1) or IC 27-1-15.6-18(2).
(2) A limited line credit insurance producer.
(3) An insurance producer who is at least seventy (70) years of
age and has been a licensed insurance producer continuously for
at least twenty (20) years immediately preceding the license
renewal date.
(d) To satisfy the requirements of subsection (a) or (b), a licensee
may use only those credit hours earned in continuing education
courses completed by the licensee:
(1) after the effective date of the licensee's last renewal of a
license under this chapter; or
(2) if the licensee is renewing a license for the first time, after
the date on which the licensee was issued the license under this
chapter.
(e) If an insurance producer receives qualification for a license in
more than one (1) line of authority under IC 27-1-15.6, the insurance
producer may not be required to complete a total of more than twenty
(20) hours of credit in continuing education courses to renew the
license.
(f) Except as provided in subsection (g), a licensee may receive
credit only for completing continuing education courses that have
been approved by the commissioner under section 4 of this chapter.
(g) A licensee who teaches a course approved by the
commissioner under section 4 of this chapter shall receive continuing
education credit for teaching the course.
(h) When a licensee renews a license issued under this chapter,
the licensee must submit:
(1) a continuing education statement that:
(A) is in a format authorized by the commissioner;
(B) is signed by the licensee under oath; and
(C) lists the continuing education courses completed by the
licensee to satisfy the continuing education requirements of
this section; and
(2) any other information required by the commissioner.
(i) A continuing education statement submitted under subsection
(h) may be reviewed and audited by the department.
(j) A licensee shall retain a copy of the original certificate of
completion received by the licensee for completion of a continuing
education course.
(k) A licensee who completes a continuing education course that:
(1) is approved by the commissioner under section 4 of this
chapter;
(2) is held in a classroom setting; and
(3) concerns ethics;
shall receive continuing education credit for the number of hours for
which the course is approved plus additional hours, not to exceed
two (2) hours in a renewal period, equal to the number of hours for
which the course is approved. As added by P.L.132-2001, SEC.4. Amended by P.L.1-2002,
SEC.109; P.L.64-2004, SEC.25; P.L.60-2005, SEC.1; P.L.73-2006,
SEC.1; P.L.173-2007, SEC.14.
IC 27-1-15.7-2.5 Waiver of licensure and continuing education requirements
Sec. 2.5. The commissioner shall, not later than September 1,
2005, establish a policy to allow a waiver of the:
(1) continuing education requirements of this chapter; and
(2) license renewal requirements of IC 27-1-15.6 and this
chapter;
for an insurance producer who is serving on active duty in the armed
forces of the United States in an area designated as a combat zone by
the President of the United States. As added by P.L.56-2005, SEC.1 and P.L.60-2005, SEC.2.
IC 27-1-15.7-3 Extension for continuing education requirements
Sec. 3. (a) The commissioner may grant an extension for
complying with the continuing education requirement set forth in
section 2 of this chapter.
(b) To receive an extension under this section, a licensee must file
a request with the commissioner on a form provided by the
commissioner.
(c) After a licensee files a request for an extension, the license of
the licensee remains in effect until the commissioner makes a
decision on the request.
(d) If the commissioner denies a licensee's request for an
extension, the licensee must complete continuing education
requirements set forth in section 2 of this chapter within ninety (90)
days after the commissioner notifies the licensee of the denial. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7-4 Approval of continuing education courses
Sec. 4. (a) The commissioner shall approve and disapprove
continuing education courses after considering recommendations
made by the insurance producer education and continuing education
advisory council created under section 6 of this chapter.
(b) The commissioner may not approve a course under this section
if the course:
(1) is designed to prepare an individual to receive an initial
license under this chapter;
(2) concerns only routine, basic office skills, including filing,
keyboarding, and basic computer skills;
(3) concerns sales promotion and sales techniques;
(4) concerns motivation, psychology, or time management; or
(5) may be completed by a licensee without supervision by an
instructor, unless the course involves an examination process
that is:
(A) completed and passed by the licensee as determined by
the provider of the course; and
(B) approved by the commissioner.
(c) The commissioner shall approve a course under this section
that is submitted for approval by an insurance trade association or
professional insurance association if:
(1) the objective of the course is to educate a manager or an
owner of a business entity that is required to obtain an
insurance producer license under IC 27-1-15.6-6(d);
(2) the course teaches insurance producer management and is
designed to result in improved efficiency in insurance producer
operations, systems use, or key functions;
(3) the course is designed to benefit consumers; and
(4) the course is not described in subsection (b).
(d) Approval of a continuing education course under this section
shall be for a period of not more than two (2) years.
(e) A prospective provider of a continuing education course shall
pay:
(1) a fee of forty dollars ($40) for each course submitted for
approval of the commissioner under this section; or
(2) an annual fee of five hundred dollars ($500) not later than
January 1 of a calendar year, which entitles the prospective
provider to submit an unlimited number of courses for approval
of the commissioner under this section during the calendar year.
The commissioner may waive all or a portion of the fee for a course
submitted under a reciprocity agreement with another state for the
approval or disapproval of continuing education courses. Fees
collected under this subsection shall be deposited in the department
of insurance fund established under IC 27-1-3-28.
(f) The commissioner shall adopt rules under IC 4-22-2 to
establish procedures for approving continuing education courses. As added by P.L.132-2001, SEC.4. Amended by P.L.57-2005, SEC.1.
IC 27-1-15.7-5 Certified prelicensing courses of study
Sec. 5. (a) To qualify as a certified prelicensing course of study
for purposes of IC 27-1-15.6-6, an insurance producer program of
study must meet all of the following criteria:
(1) Be conducted or developed by an:
(A) insurance trade association;
(B) accredited college or university;
(C) educational organization certified by the insurance
producer education and continuing education advisory
council; or
(D) insurance company licensed to do business in Indiana.
(2) Provide for self-study or instruction provided by an
approved instructor in a structured setting, as follows:
(A) For life insurance producers, not less than twenty-four
(24) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana; and
(iii) principles of life insurance.
(B) For health insurance producers, not less than twenty-four
(24) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana; and
(iii) principles of health insurance.
(C) For life and health insurance producers, not less than
forty (40) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana;
(iii) principles of life insurance; and
(iv) principles of health insurance.
(D) For property and casualty insurance producers, not less
than forty (40) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana;
(iii) principles of property insurance; and
(iv) principles of liability insurance.
(E) For personal lines producers, a minimum of twenty-four
(24) hours of instruction in a structured setting or
comparable self-study on:
(i) ethical practices in the marketing and selling of
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana; and
(iii) principles of property and liability insurance
applicable to coverages sold to individuals and families for
primarily noncommercial purposes.
(F) For title insurance producers, not less than ten (10) hours
of instruction in a structured setting or comparable self-study
on:
(i) ethical practices in the marketing and selling of title
insurance;
(ii) requirements of the insurance laws and administrative
rules of Indiana;
(iii) principles of title insurance, including underwriting
and escrow issues; and
(iv) principles of the federal Real Estate Settlement
Procedures Act (12 U.S.C. 2608).
(3) Instruction provided in a structured setting must be provided
only by individuals who meet the qualifications established by
the commissioner under subsection (b).
(b) The commissioner, after consulting with the insurance
producer education and continuing education advisory council, shall
adopt rules under IC 4-22-2 prescribing the criteria that a person
must meet to render instruction in a certified prelicensing course of
study.
(c) The commissioner shall adopt rules under IC 4-22-2
prescribing the subject matter that an insurance producer program of
study must cover to qualify for certification as a certified
prelicensing course of study under this section.
(d) The commissioner may make recommendations that the
commissioner considers necessary for improvements in course
materials.
(e) The commissioner shall designate a program of study that
meets the requirements of this section as a certified prelicensing
course of study for purposes of IC 27-1-15.6-6.
(f) The commissioner may, after notice and opportunity for a
hearing, withdraw the certification of a course of study that does not
maintain reasonable standards, as determined by the commissioner
for the protection of the public.
(g) Current course materials for a prelicensing course of study that
is certified under this section must be submitted to the commissioner
upon request, but not less frequently than once every three (3) years. As added by P.L.132-2001, SEC.4. Amended by P.L.64-2004,
SEC.26.
IC 27-1-15.7-6 Insurance producer education and continuing education advisory
council
Sec. 6. (a) As used in this section, "council" refers to the
insurance producer education and continuing education advisory
council created under subsection (b).
(b) The insurance producer education and continuing education
advisory council is created within the department. The council
consists of the commissioner and fifteen (15) members appointed by
the governor as follows:
(1) Two (2) members recommended by the Professional
Insurance Agents of Indiana.
(2) Two (2) members recommended by the Independent
Insurance Agents of Indiana.
(3) Two (2) members recommended by the Indiana Association
of Insurance and Financial Advisors.
(4) Two (2) members recommended by the Indiana State
Association of Health Underwriters.
(5) Two (2) representatives of direct writing or exclusive
producer's insurance companies.
(6) One (1) representative of the Association of Life Insurance
Companies.
(7) One (1) member recommended by the Insurance Institute of
Indiana.
(8) One (1) member recommended by the Indiana Land Title
Association.
(9) Two (2) other individuals.
(c) Members of the council serve for a term of three (3) years.
Members may not serve more than two (2) consecutive terms.
(d) Before making appointments to the council, the governor
must:
(1) solicit; and
(2) select appointees to the council from;
nominations made by organizations and associations that represent
individuals and corporations selling insurance in Indiana.
(e) The council shall meet at least semiannually.
(f) A member of the council is entitled to the minimum salary per
diem provided under IC 4-10-11-2.1(b). A member is also entitled to
reimbursement for traveling expenses and other expenses actually
incurred in connection with the member's duties, as provided in the
state travel policies and procedures established by the state
department of administration and approved by the state budget
agency.
(g) The council shall review and make recommendations to the
commissioner with respect to course materials, curriculum, and
credentials of instructors of each prelicensing course of study for
which certification by the commissioner is sought under section 5 of
this chapter and shall make recommendations to the commissioner
with respect to educational requirements for insurance producers.
(h) A member of the council or designee of the commissioner
shall be permitted access to any classroom while instruction is in
progress to monitor the classroom instruction.
(i) The council shall make recommendations to the commissioner
concerning the following:
(1) Continuing education courses for which the approval of the
commissioner is sought under section 4 of this chapter.
(2) Rules proposed for adoption by the commissioner that
would affect continuing education. As added by P.L.132-2001, SEC.4. Amended by P.L.64-2004,
SEC.27; P.L.73-2006, SEC.2.
IC 27-1-15.7-7 Rules
Sec. 7. The commissioner may adopt rules under IC 4-22-2 to
implement this chapter. As added by P.L.132-2001, SEC.4.
IC 27-1-15.7-8 Hearings
Sec. 8. All hearings held under this chapter are governed by
IC 4-21.5-3. The commissioner may appoint members of the
commissioner's staff to act as hearing officers for purposes of
hearings held under this chapter. As added by P.L.132-2001, SEC.4.
