Chapter 15. UNFAIR TRADE PRACTICES

15.84(1) Each insurer shall establish a system to verify which of its appointed insurance producers have completed one training course on indexed products as required in this division. 15.84(2) An insurer shall verify that a producer has completed the required indexed products tr…

Insurers, producers and third-party contractors may verify a producer’s completion of the indexed products training by accessing the division’s website, iid.iowa.gov. [ARC 7734C, IAB 3/20/24, effective 4/24/24]

15.86(1) Insurers and third-party contractors that violate the rules of this division are subject to penalty under Iowa Code chapter 507B. 15.86(2) Producers who violate the rules of this division are subject to penalty under Iowa Code chapters 507B and 522B. 15.86(3) Continuing …

15.87(1) A producer who provides advice or makes a sales presentation regarding an indexed product on or after January 1, 2008, shall have completed the indexed products training required by this division. 15.87(2) An Iowa-licensed insurer shall verify that, prior to the sale of …

The owner of an individual policy has the right, within ten days after receipt of a life insurance policy or annuity, to a free- look period. During this period, the policyowner may return the life insurance policy or annuity to the insurer at its home office, branch office, or t…