Section 27-1-15.6-19 - Prearranged funeral insurance(a) As used in this section, "prearranged funeral insurance" means insurance that is used to fund any of the following:(1) A funeral trust under IC 30-2-10 and IC 30-2-13.(2) Any other arrangement for advance payment of funeral and burial expenses.(b) A person shall not sell, solicit, or negotiate prearranged funeral insurance unless the person is licensed as either of the following:(1) An insurance producer with a life qualification under section 7 of this chapter.(2) A limited lines producer.(c) A person may be licensed as a limited lines producer to sell only prearranged funeral insurance if the person is:(1) licensed under IC 25-15-4-3; and(2) granted a change in status under subsection (d).(d) If, after a person is licensed under this chapter as an insurance producer with a life qualification, the person wants to limit the person's insurance business solely to the sale of prearranged funeral insurance, the person must:(1) request the commissioner to issue the person a limited lines producer's license under this chapter; and(2) show proof of having completed ten (10) hours of continuing education credit approved by the department.(e) If the commissioner receives a request and proof under subsection (d), the commissioner shall issue a limited lines producer's license, subject to the provisions of this chapter relating to limited lines producer's licenses.(f) A person issued a limited lines producer's license under subsection (e) may sell only prearranged funeral insurance.As added by P.L. 132-2001, SEC.3. Amended by P.L. 1-2002, SEC.107.