2016 Indiana Code TITLE 9. MOTOR VEHICLES ARTICLE 32. DEALER SERVICES CHAPTER 8. BOAT DEALERS
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IC 9-32-8
Chapter 8. Boat Dealers
IC 9-32-8-1
Repealed
(As added by P.L.92-2013, SEC.78. Repealed by P.L.62-2014,
SEC.22.)
IC 9-32-8-2
Watercraft and trailer sales; license
Sec. 2. A person that sells, offers to sell, or advertises for sale at
least six (6):
(1) watercraft;
(2) trailers that are:
(A) designed and used exclusively for the transportation of
watercraft; and
(B) sold in general association with the sale of watercraft; or
(3) items set forth in both subdivisions (1) and (2);
within a twelve (12) month period must be licensed under this
chapter.
As added by P.L.92-2013, SEC.78. Amended by P.L.151-2015,
SEC.50; P.L.174-2016, SEC.70.
IC 9-32-8-3
Application for watercraft dealer license; conditions
Sec. 3. (a) An application for a watercraft dealer license must
meet all the following conditions:
(1) Be accompanied by a nonrefundable fee of thirty dollars
($30). The secretary shall retain a fee collected under this
subdivision.
(2) Be on a form prescribed by the secretary.
(3) Contain any information that the secretary reasonably needs
to enable the secretary to determine fully the:
(A) qualifications and eligibility of the applicant to receive
the license;
(B) location of each of the applicant's places of business in
Indiana; and
(C) ability of the applicant to conduct properly the business
for which the application is submitted.
(b) An application for a license as a watercraft dealer must show
whether the applicant proposes to sell new or used watercraft or both
new and used watercraft.
As added by P.L.92-2013, SEC.78. Amended by P.L.174-2016,
SEC.71.
IC 9-32-8-4
Licenses; specification of established place of business; fee
Sec. 4. A license issued to a watercraft dealer must specify the
Indiana Code 2016
location of the established place of business and shall be
conspicuously displayed at the established place of business. If a
business name or location is changed, the licensee shall notify the
secretary within ten (10) days and remit a fee of five dollars ($5).
The secretary shall retain a fee collected under this subsection. The
secretary shall endorse the change on the watercraft dealer license if
the secretary determines that the change is not subject to other
provisions of this chapter.
As added by P.L.92-2013, SEC.78. Amended by P.L.151-2015,
SEC.51; P.L.174-2016, SEC.72.
IC 9-32-8-5
Term of license; fees; replacement license
Sec. 5. (a) A watercraft dealer license issued under this chapter
shall be issued and expires based on the business name of the
watercraft dealer as set forth in IC 9-32-11-12.5.
(b) If a watercraft dealer license is lost or destroyed, the
watercraft dealer may apply for a replacement watercraft dealer
license in the form and manner prescribed by the secretary.
As added by P.L.92-2013, SEC.78. Amended by P.L.62-2014,
SEC.23; P.L.174-2016, SEC.73.
IC 9-32-8-6
Evidence of liability coverage
Sec. 6. (a) Upon request of the secretary, a person licensed under
this chapter shall furnish evidence that the person:
(1) currently has liability insurance covering the person's place
of business; or
(2) is a member of a risk retention group that is regulated by the
Indiana department of insurance.
(b) A liability insurance policy described in subsection (a)(1)
must have limits of not less than the following:
(1) One hundred thousand dollars ($100,000) for bodily injury
to one (1) person.
(2) Three hundred thousand dollars ($300,000) per accident.
(3) Fifty thousand dollars ($50,000) for property damage.
The minimum amounts must be maintained during the time the
license is valid.
As added by P.L.92-2013, SEC.78. Amended by P.L.174-2016,
SEC.74.
Indiana Code 2016
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