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.
88 Acts, ch 1111, §13
Structure Iowa Code
Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS
Section 515E.1 - Purpose — federal Act defined.
Section 515E.3 - Risk retention groups organized in this state.
Section 515E.3A - Foreign risk retention group may become domestic.
Section 515E.4 - Risk retention groups not organized in this state.
Section 515E.5 - Compulsory associations.
Section 515E.6 - Countersignatures not required.
Section 515E.7 - Purchasing groups exemptions.
Section 515E.8 - Purchasing groups — requirements.
Section 515E.9 - Purchasing group restrictions.
Section 515E.10 - Commissioner’s administrative and procedural authority.
Section 515E.12 - License required for agents and brokers.