On and after July 1, 1965, no person, unless certified to the commissioner of insurance as an agent for a county mutual insurance association prior to that date, shall directly or indirectly act as agent, or otherwise, in receiving or procuring applications for insurance for any county mutual insurance association, until the person has procured from the commissioner of insurance a license authorizing the person to act for such association as agent.
Each first-time applicant, unless otherwise qualified under chapter 522, shall establish qualification by applying to the commissioner of insurance for an agent's license and by passage of an examination to be administered by the commissioner of insurance. The scope of such an examination shall be limited to the insurance coverages authorized by section 518.11 and the classes of property authorized by section 518.12. The commissioner of insurance shall have the right to disqualify any applicant who fails such examination; however, said applicant shall have the right to apply for re-examination after waiting for a period of not less than thirty days.
Each first-time applicant shall pay to the commissioner an application fee of ten dollars, per line of insurance.
Every county mutual authorized to transact business in this state shall certify its agents to the commissioner who shall keep a list of the agents.
The commissioner of insurance may, for a just and reasonable cause, cancel the license of such agent after due notice and hearing.
The commissioner of insurance may issue a temporary license for a period of not to exceed six months and for such temporary license may waive the requirements established herein.
[C66, 71, 73, 75, 77, 79, 81, § 518.16; 82 Acts, ch 1003, § 8]
Iowa General Assembly
Search: Iowa Code 1995
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