Sec. 15. (a) An applicant for a private investigator firm license shall submit to the board a certificate of insurance or other evidence of financial responsibility that:

(1) is approved by the board; and

Terms Used In Indiana Code 25-30-1-15

  • Arrest: Taking physical custody of a person by lawful authority.
  • Board: refers to the private investigator and security guard licensing board established under section 5. See Indiana Code 25-30-1-2
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Licensee: means a person licensed under this chapter. See Indiana Code 25-30-1-2
  • Person: means an individual, a firm, a company, an association, an organization, a partnership, or a corporation. See Indiana Code 25-30-1-2
  • Private investigator firm: means the business of:

    Indiana Code 25-30-1-2

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) meets the following requirements:

(A) Is issued by an insurance company or other legal entity authorized to transact business in Indiana.

(B) Provides for general liability coverage of at least one hundred thousand dollars ($100,000).

(C) States that cancellation and nonrenewal of the underlying policy or other evidence of financial responsibility is not effective until the board receives written notice at least ten (10) days before the cancellation or nonrenewal of the policy.

(D) Contains any other terms and conditions established by the board.

     (b) The insurance referred to in subsection (a):

(1) must cover damages that the insured becomes legally obligated to pay for bodily injury or property damage proximately caused to a person by the insured in conducting business as a private investigator firm;

(2) must include coverage for:

(A) false arrest, detention, or imprisonment;

(B) malicious prosecution; and

(C) wrongful entry or eviction, or other invasion of the right of private occupancy; and

(3) may not exclude coverage for an intentional act taken by or at the direction of the insured that results in bodily injury, if such injury arises solely from the use of reasonable force for the purpose of protecting persons or property.

     (c) If a licensee fails to comply with the insurance requirements of this section, the license of the licensee shall be suspended. A license suspended under this subsection may not be reinstated until an application for reinstatement of the license, in the form prescribed by the board, is filed with the board, together with proper proof of insurance.

     (d) The board may deny an application for the reinstatement of a license suspended under this section, notwithstanding the applicant’s compliance with the insurance requirements of this section for any of the following:

(1) Any reason that would justify a refusal to issue, a suspension, or a revocation of a license.

(2) The performance by the applicant, while the applicant’s license was suspended under this section, of any practice for which a license under this chapter is required.

Formerly: Acts 1961, c.163, s.15. As amended by Acts 1982, P.L.154, SEC.97; P.L.261-1987, SEC.4; P.L.157-1988, SEC.1; P.L.234-1989, SEC.19; P.L.214-1993, SEC.73; P.L.185-2007, SEC.21; P.L.112-2014, SEC.32.

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