2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 510 - MANAGING GENERAL AGENTS AND THIRD=PARTY ADMINISTRATORS
510.8 - PENALTIES AND LIABILITIES.

        510.8  PENALTIES AND LIABILITIES.
         1.  If the commissioner finds, after a hearing conducted in
      accordance with chapter 17A, that any person has violated one or more
      provisions of this chapter, the commissioner may do one or more of
      the following:
         a.  For each separate violation, order the imposition of an
      administrative penalty of not more than ten thousand dollars.
         b.  Order the revocation or suspension of the producer's
      license.
         c.  Bring a civil suit seeking reimbursement by the managing
      general agent of the insurer, the rehabilitator, or the liquidator of
      the insurer for any losses incurred by the insurer caused by a
      violation of this chapter committed by the managing general agent.
         2.  The decision, determination, or order of the commissioner
      pursuant to subsection 1 is subject to judicial review pursuant to
      chapter 17A.
         3.  This section does not affect the right of the commissioner to
      impose any other penalties provided for under this subtitle.
         4.  This chapter is not intended to and shall not in any manner
      limit or restrict the rights of policyholders, claimants, and
      auditors.  

         91 Acts, ch 26, §7; 91 Acts, ch 213, §8
         Referred to in § 510.10