- Insurance agent
Any individual, corporation or limited liability company who or which, for compensation, acts or aids in any manner in soliciting applications for a policy of insurance or in negotiating policies of insurance on behalf of an insurer.
- Surplus lines insurance agent
An individual, a corporation or a limited liability company who or which solicits, negotiates or procures a policy of insurance in an insurance company not licensed to transact business in Indiana, which policy cannot be procured from insurers licensed to do business in Indiana.
- Limited insurance representative
An individual, corporation or limited liability company who or which is authorized by the Commissioner to solicit or negotiate contracts for a particular line of insurance as designated in Title 27, Article 1, Chapter 15.5 of the Indiana Code, or for certain restricted activities that the Commissioner may by regulation deem essential for the transaction of business in this state and that does not require the professional competency demanded for an insurance agent's license.
An individual, a corporation, or a limited liability company who or which, for a fee, holds himself or itself out to the public as engaged in the business of offering any advice, counsel, opinion or service with respect to the benefits, advantages or disadvantages promised under any policy of insurance that could be issued in this state.
In accordance with Indiana statutes and regulations, each applicant for licensing as an insurance agent, surplus lines agent, limited insurance representative or insurance consultant must pass an examination before becoming licensed by the Department.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.
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