Licensing examination

Sec. 5. (a) A resident individual applying for:

(1) an insurance producer license;

(2) a consultant's license; or

(3) a surplus lines producer license;

must pass a written examination unless the individual is exempt under section 9 of this chapter.

(b) The examination required under subsection (a) must test the knowledge of the individual concerning the:

(1) lines of authority for which application is made;

(2) duties and responsibilities of a licensee; and

(3) insurance laws and administrative rules of Indiana.

(c) Examinations required under this section must be developed and conducted under rules adopted by the commissioner.

(d) The commissioner may make arrangements, including contracting with an outside testing service, for administering examinations, collecting the nonrefundable examination fee as established by contract with an outside testing service, or collecting the nonrefundable licensure fee set forth in section 32 of this chapter.

(e) An individual who fails to appear for the examination required under subsection (a) as scheduled or who fails to pass the examination must reapply for an examination and remit all required fees and forms before being rescheduled for another examination.

As added by P.L.132-2001, SEC.3. Amended by P.L.1-2002, SEC.105.