Indiana Code 27-1-15.7-6. Insurance producer education and continuing education advisory council
(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:
Terms Used In Indiana Code 27-1-15.7-6
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
- Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
- member: means one who holds a contract of insurance or is insured in an insurance company other than a stock corporation. See Indiana Code 27-1-2-3
(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.