2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 522B - LICENSING OF INSURANCE PRODUCERS
522B.16A - DUTIES OF LICENSEES.

        522B.16A  DUTIES OF LICENSEES.
         1.  An insurance producer has a continuing duty and obligation to
      keep, at the insurance producer's place of business, usual and
      customary records pertaining to transactions undertaken by the
      insurance producer.  All such records shall be kept available and
      open for inspection by the commissioner or the commissioner's
      representative at any time during regular business hours, provided
      that the commissioner or the commissioner's representative is not
      entitled to inspect any records prepared in anticipation of
      litigation or that are subject to any privilege recognized in chapter
      622.  Such records shall be maintained for a minimum of three years
      following the completion of an insurance transaction.
         2.  An insurance producer who willfully fails to comply with this
      section commits a violation of this chapter and is subject to
      sanctions under section 522B.11.  

         2004 Acts, ch 1110, §63