Who is authorized to sell limited lines insurance?

The authorization to sell limited lines insurance in Indiana is granted to individuals or entities who have received explicit approval from the Commissioner of Insurance. This regulation ensures that only those who have met specific criteria and standards set forth by the state are allowed to engage in the sale of limited lines insurance, thereby maintaining control over who can offer such products.

Limited lines insurance refers to types of insurance that may have simplified requirements for selling due to their unique nature, such as travel insurance or certain types of health coverage. Requiring authorization from the Commissioner helps to ensure that those selling these products are adequately knowledgeable about the specific regulations and policies associated with them.

This process prevents individuals without proper training or understanding of the specific insurance lines from offering these products, thereby protecting consumers from potential misrepresentation or lack of information.