27-1-15.6-19.7. Travel insurance; limited lines travel insurance producer license; requirements

IN Code § 27-1-15.6-19.7 (2019) (N/A)
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Sec. 19.7. (a) A travel retailer and the travel retailer's employees and authorized representatives may offer and deliver a travel insurance policy if all of the following apply:

(1) The travel insurance policy is offered and delivered under a limited lines travel insurance producer license that is issued to a business entity described in subsection (b).

(2) The travel retailer is registered by the business entity as described in subsection (b).

(b) A business entity that holds a limited lines travel insurance producer license may register as a travel retailer to offer and deliver a travel insurance policy on the business entity's behalf if the business entity complies with all of the following:

(1) The business entity is clearly identified as the limited lines travel insurance producer, including the business entity's name and contact information, on all marketing materials and information delivered to customers by the travel retailer.

(2) The business entity does all of the following:

(A) Maintains a register of each travel retailer that offers travel insurance on the business entity's behalf, including all of the following:

(i) The name and contact information of the travel retailer.

(ii) The name and contact information of an officer or other individual who controls the travel retailer's operations.

(iii) The travel retailer's federal employer identification number.

(B) Certifies that each registered travel retailer complies with 18 U.S.C. 1033.

(C) Submits to the commissioner, not more than thirty (30) days after receiving a request from the commissioner, the register maintained under this subdivision.

(D) Designates an individual employee who is licensed as an insurance producer to be responsible for the business entity's compliance with the insurance laws of the state.

(E) Pays all required insurance producer licensing fees.

(F) Requires each travel retailer employee or authorized representative who offers or delivers travel insurance policies to receive a program of instruction or training that has been reviewed by the commissioner.

(c) A business entity is responsible for the acts of a travel retailer registered by the business entity as described in this section.

As added by P.L.276-2013, SEC.14.