§ 522C.5C — Business entity applicants — resident public adjuster or independent adjuster

Iowa § 522C.5C

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 522C: LICENSING OF ADJUSTERS

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Prior to approving a business entity’s application for a license for a resident public adjuster
or resident independent adjuster, the commissioner shall find that the business entity meets
all of the following requirements:
1. The business entity has designated an individual adjuster licensed in this state to be
5 LICENSING OF ADJUSTERS, §522C.6
responsible for the business entity’s compliance with the insurance laws and administrative
rules of this state.
2. The business entity has not committed any act that is a ground for denial, suspension,
or revocation of a license under section 522C.13.
3. The business entity has the requisite character and competence to be licensed as an
adjuster, as may be determined by the commissioner.
4. The business entity is financially responsible pursuant to section 522C.7.
5. The business entity has paid all fees required under this chapter. An applicant who
concurrently applies for both an adjuster license, and a license as an appraiser under chapter
522F, shall only be required to pay the fee required under this chapter or the fee required
under chapter 522F.
6. The business entity maintains an office in the business entity’s home state that is
available by reasonable appointment or regular business hours.
7. The business entity applying for a public adjuster license has submitted contracts and
any subsequent contract modification to the commissioner for review and approval prior to
use. A contract that has been filed is deemed to be approved unless disapproved or additional
information is requested by the commissioner within thirty calendar days of receipt of the
filing by the commissioner.
8. The business entity has obtained any necessary authority from the Iowa secretary of
state to transact business in this state.