Iowa Admin. Code r. 191-10.3 - Requirement to hold a license
(1) No person may
sell , solicit or negotiate insurance in Iowa until that person has been issued
an Iowa producer license .
(2) A
person offering to the public, for a fee or commission, to engage in the
business of offering any advice, counsel, opinion or service with respect to
the benefits, advantages or disadvantages promised under any policy of
insurance must be licensed as a producer .
(3) A person shall not advise an Iowa
resident to cancel, not renew, or otherwise change an existing insurance policy
unless that person holds an Iowa producer license regarding the line of
insurance for which the advice is given. This subrule does not apply to a
licensed attorney or certified public accountant who does not sell or solicit
insurance .
(4) The license itself
does not provide the producer with any authority to represent or commit an
insurer.
Notes
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