Section 75IAC5-2-11. Investigation and evaluation of qualifications

   (a) The bureau, or a person authorized by the bureau, may conduct an investigation of a boat dealer, transfer dealer, or discount dealer and of any place of business which is regulated under this rule to determine if the requirements of IC 9-31-4 [IC 9-31-4 was repealed by P.L.92-2013, SECTION 77, effective July 1, 2013.] and this rule are being satisfied, or would be satisfied, upon the issuance of a license.

  (b) Upon the request of the bureau, or a person authorized by the bureau, a person who is subject to investigation under subsection (a) must provide any documentation or records necessary or reasonably required as follows:

(1) To identify and record the sale of a watercraft.

(2) To evaluate whether an applicant meets each of the requirements to be licensed.

(3) To establish that insurance policies required under IC 9-31-4-7 [IC 9-31-4 was repealed by P.L.92-2013, SECTION 77, effective July 1, 2013.] or this rule are current and valid.

(4) To identify and describe a franchise or contract agreement between a boat dealer and a manufacturer.

(5) To identify the authority of a person to sell a particular watercraft held in inventory.

(6) If a place of business houses both a primary business and a secondary business, to identify the respective gross incomes of those businesses.

(7) To describe any other function or transaction which is subject to regulation under IC 9-31-4 [IC 9-31-4 was repealed by P.L.92-2013, SECTION 77, effective July 1, 2013.] or this rule.

(Secretary of State; 75 IAC 5-2-11; filed Jun 7, 1993, 10:00 a.m.: 16 IR 2359; readopted filed Jul 30, 2001, 10:31 a.m.: 24 IR 4232; readopted filed Nov 14, 2007, 1:31 p.m.: 20071212-IR-140070562RFA; readopted filed Nov 13, 2013, 3:25 p.m.: 20131211-IR-075130451RFA) NOTE: Transferred from the Bureau of Motor Vehicles (140 IAC 9-3-11) to the Secretary of State (75 IAC 5-2-11) by P.L.106-2008, SECTION 54, effective July 1, 2008.