50-State Financial Services Licensing Compliance Guide
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Indiana Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Indiana.

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Company Licenses

Indiana Financial Services Company Licenses

Indiana Collection Agency Branch License

Agency:Indiana Secretary of State - Securities Division
Foreign Qualification is Prerequisite:Not Set
Bond Requirements:

$5,000 surety bond.

Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online through NMLS

Agency Fee:

$30

Registration Renewal

Filing Method:

Online through NMLS

Agency Fee:

$30

Due:

Licenses expire on December 31st, but renewals are due by December 1 every year.

Indiana Collection Agency License

Agency:Indiana Secretary of State - Securities Division
Foreign Qualification is Prerequisite:Not Set
Bond Requirements:

$5,000 surety bond.

Exam Required?Not Set
Registered Agent (Special Agency) Required?Yes

Initial Registration

Filing Method:

Online through NMLS

Agency Fee:

$100 application fee + $100 processing fee.

Registration Renewal

Filing Method:

Online through NMLS

Agency Fee:

$100

Due:

Licenses expire on December 31st, but renewals are due by December 1 every year.

Indiana Consumer Loan License

Agency:Indiana Department of Financial Institutions - Consumer Credit Division
Foreign Qualification is Prerequisite:No
Exam Required?Not Set
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

New Application

Filing Method:

Online

Agency Fee:

$1,000 application fee + $36.25 per person background check fee 

Registration Renewal

Filing Method:

Online

Agency Fee:

$100 NMLS fee

Due:

Annually by December 31.

Indiana Independent Adjuster – Designated Home State Indiana License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$180

Indiana Insurance Agency License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

This section applies to insurance firms that are applying for a license in Indiana for the first time.

Agency:Indiana Department of Insurance
Form:

http://www.in.gov/idoi/2446.htm

Agency Fee:

$90 for most

Registration Renewal

This section applies to insurance firms that are already licensed in Indiana and need to renew their license.

Agency:Indiana Department of Insurance
Form:

http://www.in.gov/idoi/2446.htm

Agency Fee:

$90 for most

Due:

Annually or Biennially based on license type

Indiana Limited Lines Reciprocal License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$360

Indiana Non-Resident Independent Adjuster License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$180

Indiana Notice of Intent Registration

Agency:Indiana Department of Financial Institutions - Consumer Credit Division
Law:

IC 24-4.5-6-201

Foreign Qualification is Prerequisite:No
Exam Required?Not Set
Registered Agent (Special Agency) Required?No

Initial Registration

Form:

Notice of Intent

Agency Fee:

$0

Registration Renewal

Form:

Notice of Intent (Renewal)

Agency Fee:

There are no fees due if the total original unpaid balances reported are $100,000 or less. The volume reported over $100,000 is subject to a fee set by the Department for each $100,000 or part there-of.

Due:

Annually by January 31.

Indiana Portable Electronics Limited Lines License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$360

Indiana Portable Electronics Limited Lines License - Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$40

Indiana Producer - Organization License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$90 if not charged a retaliatory fee. See this page for retaliatory fee details.

Indiana Resident Independent Adjuster License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$40

Indiana Resident Producer License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$40

Indiana Resident Surplus Lines License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$80

Registration Renewal

Filing Method:

Online

Agency Fee:

$80

Indiana Self-Storage Insurance License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$360

Indiana Self-Storage Insurance License - Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$40

Indiana Surplus Lines License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$120

Registration Renewal

Filing Method:

Online

Agency Fee:

$120

Indiana Third Party Administrator (TPA) License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Yes
Exam Required?Not Set
Registered Agent (Special Agency) Required?No

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Annually by August 31.

Indiana Third Party Administrator (TPA) License - Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:No
Exam Required?Not Set
Registered Agent (Special Agency) Required?No

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Annually by August 31.

Supplemental Reporting

Due:

Annually by July 1.

Law:

IN Code § 27-1-25-12.3

Notes:

Resident administrators must file a report each year that complies with the following:

  • The report must contain financial information reflecting a positive net worth prepared in accordance with section 11.1(b)(4) of this chapter.

  • The report must be in the form and contain matters prescribed by the commissioner.

  • The report must be verified by at least two (2) officers of the administrator.

  • The report must include the complete names and addresses of insurers with which the administrator had a written agreement during the preceding fiscal year.

  • The report must be accompanied by a filing fee in an amount determined by the commissioner.

Indiana Travel Insurance License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$360

Indiana Travel Insurance License - Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$40

Indiana Utilization Review Agent Registration

Type of Review:

Medical Utilization Review

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Form:

Application for Utilization Review Agent

Agency Fee:

$150

Required Attachments:

Registration Renewal

Form:

Application for Utilization Review Agent (Renewal)

Agency Fee:

$100

Due:

Annually by the end of the registration anniversary month. Licenses issued prior to July 1, 2015 renew annually by June 30.

Individual Licenses

Indiana Individual Financial Services Licenses

Indiana Insurance Agent License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

This section applies to insurance agents that are applying for a license in Indiana for the first time.

Agency Fee:

From $40 to $80 depending on license type

Registration Renewal

Filing Method:

Online

Agency Fee:

Varies based on the license type; Non-Resident retaliatory fee may apply.

Due:

Biennially by the last day of initial registration month.

Indiana Limited Lines Reciprocal License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$360

Indiana Non-Resident Independent Adjuster License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$90 if not charged a retaliatory fee. See this page for retaliatory fee details.

Indiana Portable Electronics Limited Lines License - Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$160

Indiana Portable Electronics Ltd Lines License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$90 if not charged a retaliatory fee. See this page for retaliatory fee details.

Indiana Producer - Individual License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$90 if not charged a retaliatory fee. See this page for retaliatory fee details.

Indiana Resident Independent Adjuster License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$80

Indiana Resident Producer License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$40

Indiana Resident Surplus Lines License

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$80

Registration Renewal

Filing Method:

Online

Agency Fee:

$320

Indiana Surplus Lines License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$120

Registration Renewal

Filing Method:

Online

Agency Fee:

$120

Indiana Travel Insurance License - Non-Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$90

Registration Renewal

Filing Method:

Online

Agency Fee:

$360

Indiana Travel Insurance License - Resident

Agency:Indiana Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$160

Explore licensing in other states:

Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.

Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.

Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.

Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.

Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.

Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.

Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.

Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.

Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.

Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.

Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.

National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.

National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.

National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.

National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.

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