Statutes > Iowa Statutes > Title 13 - Commerce > Subtitle 1 - Insurance and Related Regulation > CHAPTER 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS > 515E.12 - LICENSE REQUIRED FOR AGENTS AND BROKERS.

515E.12 - LICENSE REQUIRED FOR AGENTS AND BROKERS.

        515E.12  LICENSE REQUIRED FOR AGENTS AND BROKERS.         A person acting, or offering to act, as an agent or broker for a      risk retention group or purchasing group, which solicits members,      sells or procures insurance coverage, purchases coverage for its      members located within the state, or otherwise does business in this      state shall, before commencing any such activity, obtain a license      from the commissioner.
         Section History: Recent Form
         88 Acts, ch 1111, §13