Indiana § 27-4-3-2 - Insurance producer's agreement not to represent additional companies; exclusive representation of single company
Full text of Indiana Indiana Code § 27-4-3-2 — Insurance producer's agreement not to represent additional companies; exclusive representation of single company, with citation guidance and answers to common questions.
§ 27-4-3-2. Insurance producer's agreement not to represent additional companies; exclusive representation of single company
Sec. 2. (a) It is unlawful for any insurance producer representing or acting for two (2) or more insurance companies writing the same class or classes, of risks to enter, either directly or indirectly, into any agreement, arrangement, contract or understanding with one (1) or more of such companies that the insurance producer will refrain from representing any other like company or companies, and it is unlawful for any such insurance company, not having a contract requiring an insurance producer to represent the insurance company alone, in any manner to require, coerce, or induce any insurance producer to refrain from representing any other like company or companies.
(b) This section does not prevent any insurance company or insurance producer from at any time entering into a bona fide contract whereby an insurance producer agrees that the insurance producer will thereafter represent a single company exclusively.
Formerly: Acts 1937, c.46, s.2. As amended by P.L.178-2003, SEC.37.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-4-3-2
What does Indiana Code § 27-4-3-2 cover?
Section 27-4-3-2 ("Insurance producer's agreement not to represent additional companies; exclusive representation of single company") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 27-4-3-2?
A common citation format is "Indiana Code § 27-4-3-2" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 27-4-3-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.