Iowa Admin. Code r. 191-100.15

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 191-100.15 - License renewal

(1)Procedure for renewal. The commissioner shall renew preneed sellers' licenses, pursuant to Iowa Code section 523A.501(7), or sales agents' licenses, pursuant to Iowa Code section 523A.502(5), for both active and restricted status licenses, if the preneed sellers or sales agents provide to the commissioner all of the following, which must be received by the commissioner on or before April 15 of each year:

a.Annual report. A preneed seller or sales agent shall file a complete and accurate annual report in the form and manner directed by the commissioner. A preneed seller's report must include information on affiliated sales agents as provided in the instructions. The form and instructions may be obtained through the commissioner's website.

b.Verification of completion of continuing education. A sales agent shall have completed the continuing education required by rule 191-100.14 (523A) and shall attest to completion of the continuing education and compliance with all instructions on the commissioner's website.

c.Renewal fee. A preneed seller or sales agent shall submit a renewal fee as set out in rule 191-100.18 (523A). Failure to include the proper amount shall be cause for the renewal to be rejected.

(2)Renewal of a restricted license. A preneed seller or sales agent whose license is in restricted status and who seeks to continue to conduct actions administering purchase agreements created before the license is placed in restricted status must comply with the renewal process of this rule.

(3)Lapse of license. If one of the items required by subrule 100.15(1) is not provided by April 15 of each year or is incomplete or if no application for renewal is received, the preneed seller or sales agent license shall lapse. The commissioner shall notify the preneed seller or sales agent of the reason for the lapse.

(4)Commissioner's option not to permit renewal. The commissioner may choose not to renew a license for any of the reasons listed in Iowa Code section 523A.503 or rules 191-100.16(523A) and 191-100.40 (523A).

Iowa Admin. Code r. 191-100.15

Adopted by IAB November 25, 2015/Volume XXXVIII, Number 11, effective 12/30/2015

Amended by IAB September 28, 2016/Volume XXXIX, Number 07, effective 11/2/2016

Amended by IAB March 10, 2021/Volume XLIII, Number 19, effective 4/14/2021