2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 510 - MANAGING GENERAL AGENTS AND THIRD=PARTY ADMINISTRATORS
510.12 - WRITTEN AGREEMENT NECESSARY.

        510.12  WRITTEN AGREEMENT NECESSARY.
         A person shall not act as a third-party administrator without a
      written agreement between the third-party administrator and the
      insurer, and the written agreement shall be retained as part of the
      official records of both the insurer and the third-party
      administrator for the duration of the agreement plus five years.  The
      written agreement shall contain provisions which include the
      requirements of sections 510.11 through 510.16, except insofar as
      those requirements do not apply to the functions performed by the
      third-party administrator.
         When a policy is issued to a trustee, a copy of the trust
      agreement and any amendments to the trust agreement shall be
      furnished to the insurer by the third-party administrator and shall
      be retained as part of the official records of both the insurer and
      the third-party administrator for the duration of the policy plus
      five years.  

         89 Acts, ch 227, § 5; 2006 Acts, ch 1117, §39
         Referred to in § 510.13, 510.14, 510.21