{"data":{"id":"us-in/ic-27-1-33-6","jurisdiction":"us-in","citation":"IC 27-1-33-6","heading":"Acting in capacity of MGA with respect to risks; prohibitions; bond; errors and omissions policy","body":"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.\n(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.\n(c) The commissioner may require a bond in an amount determined by the commissioner for the protection of the insurer.\n(d) The commissioner may require an MGA to maintain an errors and omissions policy.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 33. Managing General Agents"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-33-6","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"5b56c035ee3fd8ca8f76da973101bd87dc40721c6e8ad24eb7b88eee5c962c0a","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-33-5","next":"us-in/ic-27-1-33-7"},"notice":"GroundRules: Original legal text. Not legal advice."}