§ 522C.5D — Business applicants — nonresident business entity

Iowa § 522C.5D

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

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Before approving a nonresident business entity’s application for a nonresident public
adjuster license or a nonresident independent adjuster license, the commissioner shall find
that the nonresident business entity meets all of the following requirements:
1. The nonresident business applicant has designated an individual adjuster licensed in
this state to be responsible for the nonresident business applicant’s compliance with the
insurance laws and administrative rules of this state.
2. The nonresident business applicant has not committed any act that is a ground for
denial, suspension, or revocation of a license under section 522C.13.
3. The nonresident business applicant has the requisite character and competence to be
licensed as an adjuster, as may be determined by the commissioner.
4. The nonresident business applicant is financially responsible pursuant to section
522C.7.
5. The nonresident business applicant has paid all fees required under this chapter.
6. The nonresident business applicant maintains an office in the nonresident business
applicant’s home state that is available by reasonable appointment or regular business hours.
7. The nonresident business applicant 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. ThenonresidentbusinessapplicanthasobtainedanynecessaryauthorityfromtheIowa
secretary of state to transact business in this state.