515I.7 Effect of payment to surplus lines insurance producer.
A payment of premium to a surplus lines insurance producer acting for a person other than the producer in procuring, continuing, or renewing any policy or contract of surplus lines insurance procured under this chapter shall be deemed to be payment to the eligible surplus lines insurer, notwithstanding any other conditions or stipulations that are inserted in the policy or contract of insurance.
2012 Acts, ch 1025, §7, 22
Structure Iowa Code
Chapter 515I - SURPLUS LINES INSURANCE
Section 515I.4 - Requirements for eligible surplus lines insurers.
Section 515I.4A - Requirements for domestic surplus lines insurers.
Section 515I.5 - Duties of surplus lines insurance producers.
Section 515I.6 - Actions against eligible surplus lines insurers.
Section 515I.7 - Effect of payment to surplus lines insurance producer.
Section 515I.8 - Referrals to surplus lines insurance producers.
Section 515I.9 - Exempt commercial purchasers.
Section 515I.10 - Independently procured surplus lines insurance — premium tax — penalty.
Section 515I.11 - Violations and penalties.
Section 515I.12 - Cease and desist orders — civil and criminal penalties.
Section 515I.13 - Insurance policy or contract remains valid.
Section 515I.13A - Scope of operation.