522B.16A Duties of licensees.
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 the commissioner or the commissioner’s representative at any time during regular business hours, provided that the commissioner or the commissioner’s representative is not entitled to inspect any records prepared in anticipation of litigation or that are subject to any privilege recognized in chapter 622. Such records shall be maintained for a minimum of three years following the completion of an insurance transaction.
2. An insurance producer who willfully fails to comply with this section commits a violation of this chapter and is subject to sanctions under section 522B.11.
2004 Acts, ch 1110, §63
Structure Iowa Code
Chapter 522B - LICENSING OF INSURANCE PRODUCERS
Section 522B.2 - License required.
Section 522B.3 - Exceptions to licensing.
Section 522B.4 - Application for examination.
Section 522B.5 - Application for license.
Section 522B.5A - Criminal history check.
Section 522B.7 - Nonresident licensing.
Section 522B.8 - Exemption from examination.
Section 522B.9 - Assumed names.
Section 522B.10 - Temporary licensing.
Section 522B.12 - Commissions.
Section 522B.13 - Appointments.
Section 522B.14 - Notification to commissioner of termination — penalties.
Section 522B.15 - Reciprocity.
Section 522B.16 - Reporting of actions.
Section 522B.16A - Duties of licensees.
Section 522B.16B - Written consent to engage or participate in business of insurance.
Section 522B.17 - Cease and desist orders — penalties.