Iowa Admin. Code r. 191-10.3

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 191-10.3 - Requirement to hold a license

(1) No person may sell, solicit or negotiate insurance in Iowa until that person has been issued an Iowa producer license.

(2) A person offering to the public, for a fee or commission, to engage in the business of offering any advice, counsel, opinion or service with respect to the benefits, advantages or disadvantages promised under any policy of insurance must be licensed as a producer.

(3) A person shall not advise an Iowa resident to cancel, not renew, or otherwise change an existing insurance policy unless that person holds an Iowa producer license regarding the line of insurance for which the advice is given. This subrule does not apply to a licensed attorney or certified public accountant who does not sell or solicit insurance.

(4) The license itself does not provide the producer with any authority to represent or commit an insurer.

Iowa Admin. Code r. 191-10.3

Amended by IAB February 12, 2020/Volume XLII, Number 17, effective 3/18/2020

Amended by IAB October 5, 2022/Volume XLV, Number 7, effective 11/9/2022