322.27A Wholesaler’s license.
1. A person shall not engage in business as a wholesaler of new motor vehicles in this state without a license as provided in this chapter.
2. Prior to the issuance of such license, the department, at a minimum, and in addition to any other information the department deems necessary to the application, shall require proof that the applicant has financial liability coverage as defined in section 321.1, except that such coverage shall be in limits of not less than one hundred thousand dollars because of bodily injury to or death of one person in any one accident and, subject to the limit for one person, three hundred thousand dollars because of bodily injury to or death of two or more persons in any one accident, and fifty thousand dollars because of injury to or destruction of property of others in any one accident.
98 Acts, ch 1121, §6, 9; 2006 Acts, ch 1068, §36
Referred to in §321.105A
Structure Iowa Code
Chapter 322 - MOTOR VEHICLE MANUFACTURERS, DISTRIBUTORS, WHOLESALERS, AND DEALERS
Section 322.1 - Administration.
Section 322.3 - Prohibited acts.
Section 322.4 - Application for license.
Section 322.5 - License fees — temporary permits.
Section 322.6 - Denial of license.
Section 322.7 - License of motor vehicle dealer.
Section 322.7A - Used motor vehicle dealer education program.
Section 322.7B - Consignment sales of motor trucks.
Section 322.8 - Supplemental statements.
Section 322.9 - Revocation or suspension of license.
Section 322.10 - Judicial review.
Section 322.12 - Disposition of fees.
Section 322.15 - Construction of chapter.
Section 322.17 - Copy of contract to buyer.
Section 322.18 - Dual-interest insurance.
Section 322.19 - Finance charges — amount.
Section 322.19A - Documentary fee.
Section 322.20 - Extension of time.
Section 322.21 - Remaining balance on trade vehicle.
Section 322.24 - Hearing — subpoenas.
Section 322.27 - Manufacturer’s license.
Section 322.27A - Wholesaler’s license.
Section 322.28 - Distributor or wholesaler’s license.
Section 322.29 - Issuance of license — fees.
Section 322.31 - Denial of license.
Section 322.32 - Construction of applicability to contracts.
Section 322.33 - Applicability of the Iowa consumer credit code.
Section 322.35 - Disclosure of manufacturer’s suggested price for certain motor vehicles — penalty.
Section 322.36 - Motorcycle and autocycle dealer business hours.