2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 522B - LICENSING OF INSURANCE PRODUCERS
522B.10 - TEMPORARY LICENSING.

        522B.10  TEMPORARY LICENSING.
         1.  The commissioner may issue a temporary insurance producer
      license for a period not to exceed one hundred eighty days without
      requiring an examination if the commissioner deems that the temporary
      license is necessary for the servicing of an insurance business in
      the following cases:
         a.  To the surviving spouse or court-appointed personal
      representative of a licensed insurance producer who dies or becomes
      mentally or physically disabled, to allow adequate time for the sale
      of the insurance business owned by the insurance producer, for the
      recovery or return of the insurance producer to the business, or for
      the training and licensing of new personnel to operate the insurance
      producer's business.
         b.  To a member or employee of a business entity licensed as
      an insurance producer, upon the death or disability of an individual
      designated in the business entity application or the license.
         c.  To the designee of a licensed insurance producer entering
      active service in the armed forces of the United States.
         d.  In any other circumstance where the commissioner deems
      that the public interest will best be served by the issuance of a
      temporary license.
         2.  The commissioner may by order limit the authority of any
      temporary licensee in any way deemed necessary to protect insureds
      and the public.  The commissioner may require the temporary licensee
      to have a suitable sponsor who is a licensed insurance producer or
      insurer and who assumes responsibility for all acts of the temporary
      licensee and may impose other similar requirements designed to
      protect insureds and the public.  The commissioner may by order
      revoke a temporary license if the interest of insureds or the public
      is endangered.  A temporary license shall not continue after the
      owner or the personal representative disposes of the business.  

         2001 Acts, ch 16, §24, 37