Indiana Surplus Lines study plan
Indiana Surplus Lines · Give each week a clear focus.
8 weeks · About 6 hours per week
Indiana surplus lines statutes, rules, and regulatory framework
Outline the Indiana surplus lines statutory framework from licensing through placement, naming each step in sequence
Define key Indiana terms (authorized insurer, non-admitted insurer, surplus lines producer, eligible surplus lines insurer) in your own words
Identify which Indiana regulator administers surplus lines and list its main supervisory powers
Distinguish surplus lines authority from standard property-casualty licensure by listing three concrete differences
Your checkpoint
A one-page hand-drawn flow diagram of the Indiana surplus lines placement process with every step labeled and sourced to its rule
Diligent search and placement with unauthorized (non-admitted) insurers
Explain the diligent search requirement and list the conditions that must exist before placing with a non-admitted insurer
List the specific declinations or evidence of search that must be documented for a given risk
Sequence the steps of a compliant diligent search from submission to placement
Identify common errors that invalidate a diligent search file
Your checkpoint
A completed mock diligent-search worksheet for a sample commercial risk, showing at least three authorized-market declinations and the eligibility rationale
Diligent search and placement with unauthorized (non-admitted) insurers & Surplus lines producer licensing, eligibility, and recordkeeping duties
Apply the diligent search rules to three edge-case scenarios (export list risk, high-value property, unusual liability exposure)
List the eligibility criteria an individual must meet to hold an Indiana surplus lines producer license
Describe the recordkeeping duties a surplus lines producer owes and the retention expectations for each record type
Map each producer duty to the record that proves compliance
Your checkpoint
A duty-to-record crosswalk table listing at least eight producer obligations beside the document that evidences each one
Surplus lines producer licensing, eligibility, and recordkeeping duties & Premium tax, stamping, and reporting/filing requirements
Summarize the premium tax obligation on surplus lines transactions, including who collects and who remits
Describe the stamping or filing office function and which transactions flow through it
List the reporting and filing deadlines a producer or broker must meet and what each filing contains
Calculate premium tax owed on three practice transaction amounts
Your checkpoint
A worked tax-and-filing timeline for a single policy year showing every deadline, filing, and payment with the amount computed
Premium tax, stamping, and reporting/filing requirements & Eligible/surplus lines insurer standards and the export list
List the standards an insurer must satisfy to be treated as an eligible surplus lines insurer in Indiana
Explain how the export list works and what placement on it changes for the diligent search duty
Contrast eligible versus non-eligible non-admitted insurers in terms of permitted placement
Identify what financial or trust-fund criteria are commonly applied to eligible insurers
Your checkpoint
A two-column comparison sheet contrasting eligible and non-eligible non-admitted insurers across at least six criteria, plus a written explanation of the export list's effect
Eligible/surplus lines insurer standards and the export list & Disclosure, notice, and consumer protection requirements in surplus lines transactions
Draft the disclosures and notices that must be given to an applicant before placing coverage with a non-admitted insurer
Explain what the consumer must be told about lack of guaranty fund protection and lack of regulator oversight
Identify required written acknowledgment or signature elements in a surplus lines transaction
List prohibited practices and misrepresentations that create consumer protection exposure
Your checkpoint
A complete sample disclosure packet (notice language plus acknowledgment) written from scratch and checked line by line against the disclosure requirements
Disclosure, notice, and consumer protection requirements in surplus lines transactions & Indiana surplus lines statutes, rules, and regulatory framework
Re-test your command of the regulatory framework by answering scenario questions without notes
Apply consumer protection and disclosure rules to four complaint-style fact patterns and reach a conclusion for each
Reconcile any conflicting understanding between the general framework and the disclosure duties
Rewrite your week-one flow diagram to embed the disclosure and notice steps at the correct points
Your checkpoint
A revised end-to-end process diagram that includes disclosure, acknowledgment, tax remittance, and recordkeeping checkpoints
Indiana surplus lines statutes, rules, and regulatory framework & Diligent search and placement with unauthorized (non-admitted) insurers & Surplus lines producer licensing, eligibility, and recordkeeping duties & Premium tax, stamping, and reporting/filing requirements & Eligible/surplus lines insurer standards and the export list & Disclosure, notice, and consumer protection requirements in surplus lines transactions
Complete at least two timed full-length practice sets and record a score by domain
Rank your weakest three sub-areas from the score breakdown and close each gap with targeted review
Recite from memory the diligent search steps, the tax remittance chain, and the disclosure elements
Verify every deliverable from weeks one through seven is complete and corrected
Your checkpoint
A final score report by domain with a written remediation note for each sub-area still under target
Milestones
Week 2: You can explain the diligent search requirement and produce a compliant mock search file without referring to notes
Week 4: You can compute premium tax on a sample transaction and name every filing deadline in the policy year
Week 6: You can write a complete pre-placement disclosure and acknowledgment packet from a blank page
Week 8: Two timed practice sets completed with domain-level score breakdown and all gaps closed or annotated