2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 522B - LICENSING OF INSURANCE PRODUCERS
522B.5 - APPLICATION FOR LICENSE.

        522B.5  APPLICATION FOR LICENSE.
         1.  A person applying for a resident insurance producer license
      shall make application to the commissioner on the uniform application
      and declare under penalty of refusal, suspension, or revocation of
      the license that the statements made in the application are true,
      correct, and complete to the best of the individual's knowledge and
      belief.  Before approving the application, the commissioner shall
      find all of the following:
         a.  The individual is at least eighteen years of age.
         b.  The individual has not committed any act that is a ground
      for denial, suspension, or revocation as set forth in section
      522B.11.
         c.  The individual has paid the license fee of fifty dollars.

         d.  The individual has successfully passed the examinations
      for the lines of authority for which the person has applied.
         e.  In order to protect the public interest, the individual
      has the requisite character and competence to receive a license as an
      insurance producer.
         2.  A business entity acting as an insurance producer may elect to
      obtain an insurance producer license.  Application shall be made
      using the uniform business entity application.  Prior to approving
      the application, the commissioner shall find both of the following:
         a.  The business entity has paid the appropriate fees.
         b.  The business entity has designated a licensed producer
      responsible for the business entity's compliance with the insurance
      laws and rules of this state.
         3.  The commissioner may require any documents reasonably
      necessary to verify the information contained in an application.
         4.  Fees collected under this section shall be deposited as
      provided in section 505.7.  

         Section History: Recent Form

         2001 Acts, ch 16, §19, 37; 2009 Acts, ch 181, §90
         Referred to in § 522B.6, 522B.8 

         Footnotes

         For future repeal of subsection 4, effective July 1, 2011, see
      2009 Acts, ch 179, §146