Iowa Admin. Code r. 191-103.7

Current through Register Vol. 47, No. 10, November 13, 2024

Rule 191-103.7 - Service company licenses

(1) Service company licenses shall not be transferable. A service company which sells its business shall cancel its service company license, and the purchaser of the business shall apply for a new service license under the purchaser's name.

(2) A service company licensed or registered with the division on April 1, 2019, in accordance with Iowa Code chapter 516E or 523 C shall be deemed licensed with the insurance division under Iowa Code chapter 523C as amended by 2019 Iowa Acts, Senate File 619, until August 31, 2019, without any additional application or filing.

Rescinded by IAB November 25, 2015/Volume XXXVIII, Number 11, effective 12/30/2015

Adopted by IAB September 28, 2016/Volume XXXIX, Number 07, effective 11/2/2016

Amended by IAB June 19, 2019/Volume XLI, Number 26, effective 5/20/2019

Amended by IAB September 25, 2019/Volume XLII, Number 7, effective 10/30/2019