2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 523C - RESIDENTIAL SERVICE CONTRACTS
523C.9 - SUSPENSION OR REVOCATION OF LICENSE.

        523C.9  SUSPENSION OR REVOCATION OF LICENSE.
         1.  In addition to the license revocation provisions of section
      523C.5, the commissioner may suspend or revoke or refuse to renew the
      license of a service company for any of the following grounds:
         a.  The service company violated a lawful order of the
      commissioner or any provision of this chapter.
         b.  The service company failed to pay any final judgment
      rendered against it in this state within sixty days after the
      judgment became final.
         c.  The service company has without just cause refused to
      perform or negligently or incompetently performed services required
      to be performed under its residential service contracts and the
      refusal, or negligent or incompetent performance has occurred with
      such frequency, as the commissioner determines, as to indicate the
      general business practices of the service company.
         d.  The service company violated section 523C.13.
         e.  The service company failed to maintain the net worth
      required by section 523C.6.
         f.  The service company failed to maintain the reserve account
      required by section 523C.11.
         g.  The service company failed to maintain its corporate
      certificate of good standing with the secretary of state.
         2.  If the license of a service company is terminated under
      section 523C.5 because of failure to maintain bond, the commissioner
      shall give written notice of termination to the service company.  The
      notice shall include the effective date of the termination.  

         83 Acts, ch 87, § 10; 2006 Acts, ch 1010, §146
         Referred to in § 523C.4