The Commissioner may by order limit the authority of a temporary licensee in any way considered necessary:
a. To protect insureds and the public
b. To accredit insureds and insurers
c. To recognize the insureds of Indiana
d. To certify the insurers of Indiana

Respuesta :

Answer:

The Commissioner may limit the authority of a temporary licensee to protect insureds and the public, accrediting insureds and insurers, recognizing the insureds of Indiana, and certifying the insurers of Indiana

2

. This limitation is imposed as deemed necessary by the Commissioner to ensure the safety and integrity of insurance practices. Temporary licenses are issued for specific circumstances, such as allowing time for business transitions or in cases where public interest is best served by issuing the license

2

. The Commissioner has the power to set restrictions on temporary licensees, including requiring a suitable sponsor responsible for their actions and revoking licenses if public interests are at risk

2

. Temporary licenses can be renewed once for an additional 180 days under specific conditions approved by the Commissioner

2

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