Section 760 IAC 1-50-13 - Retirement exemptionAuthority: IC 27-1-15.7-7
Affected: IC 27-1-15.6-12
Sec. 13.
(a) A retired producer who is required by an insurer to maintain his or her license in order to collect commissions on business written before retirement may apply for an exemption from continuing education requirements.(b) To obtain a retirement exemption, a producer shall complete and submit to the department the exemption form set forth in section 13.5 of this rule.(c) The producer shall notify the department of any changes in his or her retirement status.(d) A retired producer who solicits or services a policy is not eligible to apply for or retain an exemption from the continuing education requirements.(e) A producer who fails to notify the department of any change in status under this section will be subject to administrative action under IC 27-1-15.6-12.Department of Insurance; 760 IAC 1-50-13; filed Feb 23, 1993, 5:00 p.m.: 16 IR 1828; filed Nov 4, 1999, 10:12 a.m.: 23 IR 576; filed Dec 12, 2003, 10:30 a.m.: 27 IR 1570; readopted filed Nov 24, 2010, 9:17 a.m.: 20101222-IR-760100633RFAReadopted filed 11/23/2016, 9:47 a.m.: 20161221-IR-760160436RFAReadopted filed 11/30/2022, 11:39 a.m.: 20221228-IR-760220302RFA