522B.16B Written consent to engage or participate in business of insurance.
1. A person who is prohibited by 18 U.S.C. §1033 from engaging or participating in the business of insurance because that person has been convicted of a crime under that statute or of a felony involving dishonesty or breach of trust may apply to the commissioner for written consent to engage or participate in the business of insurance in this state.
2. The commissioner, by rule, shall establish a procedure and standards for issuing such a written consent.
3. The commissioner shall not issue an insurance producer license to an applicant who has been convicted of a crime as set forth in subsection 1 unless the applicant has first obtained a written consent from the commissioner to engage or participate in the business of insurance in this state.
4. The commissioner shall not renew or issue an insurance producer license to an insurance producer licensee who has been convicted of a crime as set forth in subsection 1 unless that licensee has first obtained a written consent from the commissioner to engage or participate in the business of insurance in this state.
2006 Acts, ch 1117, §115
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.