Iowa Code 522B.7 – Nonresident licensing
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Terms Used In Iowa Code 522B.7
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
522B.7 Nonresident licensing.
1. Unless denied licensure pursuant to § 522B.11, a nonresident person shall receive 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 of legal residence. No fee or license application is required. The certification may be obtained 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.
2001 Acts, ch 16, §21, 37
Referred to in §522B.1, 522B.10, 522B.15
1. Unless denied licensure pursuant to § 522B.11, a nonresident person shall receive 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 of legal residence. No fee or license application is required. The certification may be obtained 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.
2001 Acts, ch 16, §21, 37
Referred to in §522B.1, 522B.10, 522B.15