2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 510 - MANAGING GENERAL AGENTS AND THIRD=PARTY ADMINISTRATORS
510.4 - LICENSURE REQUIRED -- BOND.

        510.4  LICENSURE REQUIRED -- BOND.
         1.  A person shall not act in the capacity of a managing general
      agent with respect to risks located in this state for an insurer
      licensed in this state unless the person is a licensed producer in
      this state.
         2.  A person shall not act in the capacity of a managing general
      agent representing an insurer domiciled in this state with respect to
      risks located outside this state unless the person is licensed as a
      resident or nonresident producer in this state pursuant to the
      provisions of this chapter.
         3.  The commissioner may require a bond for each company
      represented by a managing general agent in an amount acceptable to
      the commissioner for the protection of the insurer.
         4.  The commissioner may require a managing general agent to
      maintain an errors and omissions policy.  

         91 Acts, ch 26, §3
         Referred to in § 510.10