§ 522B.7 — Nonresident licensing

Iowa § 522B.7

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 522B: LICENSING OF INSURANCE PRODUCERS

Text

1. Unlessdeniedlicensurepursuanttosection522B.11, anonresidentpersonshallreceive
a nonresident insurance producer license if all of the following apply:
a. The person is currently licensed as an insurance producer and is in good standing in
the person’s home state.
b. The person has submitted the proper request for licensure and has paid the required
fees.
c. The person has submitted or transmitted to the commissioner the application for
licensure that the person submitted to the person’s home state, or in lieu of such application,
a completed uniform application.
d. The person’s home state awards nonresident insurance producer licenses to residents
of this state on the same basis.
2. The commissioner may verify the insurance producer’s licensing status through the
producer database.
3. A nonresident insurance producer who moves from one state to another state or a
resident insurance producer who moves from this state to another state shall file a change of
address and provide certification from the new resident state within thirty days of the change
oflegalresidence. Nofeeorlicenseapplicationisrequired. Thecertificationmaybeobtained
through the producer database.
4. Notwithstanding any other provision of this chapter, a person licensed as a limited
lines insurance producer in the person’s home state shall receive a nonresident limited lines
insurance producer license, pursuant to subsection 1, granting the same scope of authority
as granted under the license issued by such person’s home state.