2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.106 - LIMITATION ON TERMINATION OF INDEPENDENT PRODUCERS.

        515.106  LIMITATION ON TERMINATION OF INDEPENDENT
      PRODUCERS.
         An insurance company organized under this chapter or authorized to
      do business in this state shall not terminate a contract of an
      insurance producer who is an independent contractor but who is not an
      exclusive insurance producer as defined in section 522B.1 without at
      least one hundred eighty days' notice, except for loss of license,
      fraud, nonpayment of company premiums that are due and not in dispute
      by the producer, or the withdrawal of operations in the state by the
      insurance company.  This section does not apply to insurance
      producers or a business entity whose contract with an insurer
      authorized to do business in this state contains a written provision
      expressly reserving to the insurer all right, title, and interest to
      the ownership or the use of insurance business written by such an
      insurance producer or business entity.  

         Section History: Recent Form

         2002 Acts, ch 1111, §19
         C2003, §515.125A
         2007 Acts, ch 152, §34
         CS2007, §515.106 

         Footnotes

         Former § 515.106 repealed by 2007 Acts, ch 152, § 84; see §
      515.101