Title XIII, COMMERCE (Ch. 505 - 554I)

1. An individual insurance producer who acts as an agent of an insurer must be appointed by that insurer. An insurance producer who is not acting as an agent of an insurer need not be appointed. A business entity is not required to be appointed. 2. The appointing insurer, for the…

1. An insurer or authorized representative of the insurer that terminates the appointment, employment, contract, or other insurance business relationship with an insurance producer shall notify the commissioner within thirty days following the effective date of the termination, u…

1. The commissioner shall waive any requirements for a nonresident license applicant with a valid license from such applicant’s home state, except for the requirements imposed by section 522B.7 , if the applicant’s home state awards nonresident licenses to residents of this state…

1. An insurance producer shall report to the commissioner any administrative action taken against the insurance producer in another jurisdiction or by another governmental agency in this state within thirty days of the final disposition of the matter. This report shall include a …

1. An insurance producer has a continuing duty and obligation to keep, at the insurance producer’s place of business, usual and customary records pertaining to transactions undertaken by the insurance producer. All such records shall be kept available and open for inspection by t…

1. A person who is prohibited by 18 U.S.C. §1033 from engaging or participating in the business of insurance because that person has been convicted of a crime under that statute or of a felony involving dishonesty or breach of trust may apply to the commissioner for written conse…

1. An insurer or insurance producer who, after hearing, is found to have violated this chapter may be ordered to cease and desist from engaging in the conduct resulting in the violation and may be assessed a civil penalty pursuant to chapter 507B . 2. A person who, after hearing,…

1. An association with at least twenty-five insurance producer members may bring an action in district court to enjoin a person from selling, soliciting, or negotiating insurance in violation of section 522B.2 . However, before bringing an action in district court to enjoin a per…

The commissioner may adopt reasonable rules according to chapter 17A as are necessary or proper to carry out the purposes of this chapter . 2001 Acts, ch 16, §32, 37

1. A person shall not sell, solicit, or negotiate insurance in this state for any line of insurance unless the person is licensed as an insurance producer for that line of insurance as provided in this chapter . 2. A person offering to the public, for a fee or commission, to enga…

1. Nothing in this chapter shall be construed to require an insurer to obtain an insurance producer license. For the purposes of this section , “insurer” does not mean an officer, director, employee, subsidiary, or affiliate of the insurer. 2. A license as an insurance producer s…

1. A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to section 522B.8 . The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties a…

1. A person applying for a resident insurance producer license shall make application to the commissioner on the uniform application, meet all requirements pursuant to section 522B.5A , and declare under penalty of refusal, suspension, or revocation of the license that all statem…

1. In determining eligibility for licensure, the commissioner is authorized to require an applicant pursuant to subsection 2 to provide to the commissioner the applicant’s fingerprints and reasonable fees required to perform a state criminal history check through the department o…

1. A person who meets the requirements of sections 522B.4 and 522B.5 , unless otherwise denied licensure pursuant to section 522B.11 , shall be issued an insurance producer license. An insurance producer license is valid for three years. 2. An insurance producer may qualify for a…

1. Unless denied licensure pursuant to section 522B.11 , a nonresident person shall receive a nonresident insurance producer license if all of the following apply: a. The person is currently licensed as an insurance producer and is in good standing in the person’s home state. b. …

1. An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete an examination. This exemption is only available if the person is currently licensed in that…

An insurance producer doing business under any name other than the insurance producer’s legal name is required to notify the commissioner prior to using the assumed name. 2001 Acts, ch 16, §23, 37