Ind. Code § 27-1-33-6
Acting in capacity of MGA with respect to risks; prohibitions; bond; errors and omissions policy
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Ind. Code § 27-1-33-6, Acting in capacity of MGA with respect to risks; prohibitions; bond; errors and omissions policy, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1662300
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Full text
Sec. 6.
(a) A person, a firm, an association, or a corporation may not act in the capacity of an MGA with respect to risks located in Indiana for an insurer licensed in Indiana unless that person is a licensed producer in Indiana.
(b) A person, a firm, an association, or a corporation may not act in the capacity of an MGA representing an insurer domiciled in Indiana with respect to risks located outside Indiana unless that person is licensed as a producer in Indiana pursuant to the provisions of this chapter. For the purposes of this subsection, a person is licensed as a producer in Indiana if that person holds a nonresident license.
(c) The commissioner may require a bond in an amount determined by the commissioner for the protection of the insurer.
(d) The commissioner may require an MGA to maintain an errors and omissions policy.