Sec. 6.5. (a) As used in this section, “commission” refers to the insurance producer education and continuing education commission established by subsection (b).

     (b) The insurance producer education and continuing education commission is established within the department. The commissioner shall appoint the following seven (7) individuals:

(1) One (1) individual nominated by the Professional Insurance Agents of Indiana or its successor organization.

(2) One (1) individual nominated by the Independent Insurance Agents of Indiana or its successor organization.

(3) One (1) individual nominated by the Indiana Association of Insurance and Financial Advisors or its successor organization.

(4) One (1) individual nominated by the Indiana State Association of Health Underwriters or its successor organization.

(5) One (1) individual nominated by the Association of Life Insurance Companies or its successor organization.

(6) One (1) individual nominated by the Insurance Institute of Indiana or its successor organization.

(7) One (1) individual nominated by the Indiana Land Title Association or its successor organization.

The commissioner shall solicit nominations from the entities set forth in this subsection. The commissioner may deny to make the appointment of an individual nominated under this subsection only if the commissioner determines that the individual is not in good standing with the department or is not qualified. If the commissioner denies the appointment of an individual nominated under this subsection, the commissioner shall provide the nominating entity with the reason for the denial and allow the nominating entity to submit an alternative nomination.

     (c) A member of the commission serves for a term of three (3) years that expires June 30, 2027, and every third year thereafter. A member may not serve more than two (2) consecutive terms.

     (d) The commissioner shall appoint a member of the commission to serve as chairperson, who serves at the will of the commissioner. The commission shall meet:

(1) at the call of the chairperson; and

(2) at least semiannually.

The department shall staff the commission. Four (4) members constitute a quorum of the commission.

     (e) The commissioner shall fill a vacancy on the commission with a nomination from the entity that nominated the predecessor or the entity’s successor. The individual appointed to fill the vacancy shall serve for the remainder of the predecessor’s term.

     (f) A member of the commission 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, in accordance with state travel policies and procedures established by the Indiana department of administration and approved by the budget agency. Money paid under this subsection shall be paid from amounts appropriated to the department.

     (g) The commission shall review and make recommendations to the commissioner concerning the following:

(1) Course materials and curriculum and instructor credentials for prelicensing courses of study for which certification by the commissioner is sought under section 5 of this chapter.

(2) Continuing education requirements for insurance producers.

(3) Continuing education courses for which the approval of the commissioner is sought under section 4 of this chapter.

(4) Rules proposed for adoption by the commissioner concerning continuing education under this chapter.

     (h) A member of the commission or a designee of the commissioner is permitted access to any classroom while instruction is in progress to monitor the classroom instruction.

As added by P.L.158-2024, SEC.4.