Iowa Admin. Code r. 191-10.15
Current through Register Vol. 47, No. 10, November 13, 2024
Rule 191-10.15 - Appointments(1) Insurers are required to file and pay for appointments with the division for each insurer with which the producer has an agency relationship. The determination of whether an insurer and a producer have an agency relationship will be made by the division based on the totality of the circumstances surrounding the business relationship. Appointments are not issued for business entities.(2) Insurers must file and pay for appointments using the NIPR Gateway.(3) The notice of appointment must be filed within 30 days of the date the insurer and producer execute an agency contract or the first insurance application is submitted to the insurer.(4) Appointment fees are set forth in rule 191-10.26(522B).(5) Rescinded IAB 6/1/22, effective 7/6/22.(6) When a company loses its identity in a new company by merger, acquisition, or otherwise, the new company must contact the division to arrange for reappointment of the producers to the remaining company.(7) Insurance companies must file the name, address, and electronic address of a contact person for the company, to whom the billing statements will be sent. Insurance companies must notify the division if there is a change of the person appointed as the contact person or if a change of the address of such contact occurs. If an insurance company fails to notify the division of such a change, the insurance company must pay a $100 fee.Iowa Admin. Code r. 191-10.15
ARC 7836B, lAB 6/3/09, effective 7/8/09Amended by IAB February 12, 2020/Volume XLII, Number 17, effective 3/18/2020Amended by IAB June 1, 2022/Volume XLIV, Number 24, effective 7/6/2022Amended by IAB October 5, 2022/Volume XLV, Number 7, effective 11/9/2022