Iowa Admin. Code r. 761-425.53

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 761-425.53 - Wholesaler's financial liability coverage

A new motor vehicle wholesaler shall certify on the license application that it has the required financial liability coverage in the limits set forth in Iowa Code section 322.27A. It is the wholesaler's responsibility to ensure that the required financial liability coverage is continuous with no lapse in coverage as long as the wholesaler maintains a valid wholesaler's license.

This rule is intended to implement Iowa Code section 322.27A.