Indiana Code 27-7-17-18. Travel administrators; licensing requirements
Current as of: 2023 | Check for updates
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Sec. 18. (a) Notwithstanding any other provision of this title, a person may not act or represent itself as a travel administrator for travel insurance in this state unless the person:
(2) holds a valid managing general agent license in this state; or
(1) is a licensed property and casualty insurance producer in this state for activities permitted under that producer license;
Terms Used In Indiana Code 27-7-17-18
- commissioner: means the insurance commissioner appointed under IC 27-1-1-2. See Indiana Code 27-7-17-6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) holds a valid third party administrator license in this state.
(b) A travel administrator and its employees are exempt from the licensing requirements of IC 27-1-28 for travel insurance it administers.
(c) An insurer is responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer and is responsible for ensuring the travel administrator maintains all books and records relevant to the insurer to be made available by the travel administrator to the commissioner upon request.
As added by P.L.19-2022, SEC.5.