520.12  Certificate of authority.

Upon compliance with the requirements of this chapter, the commissioner of insurance shall issue a certificate of authority or a license to the attorney, authorizing the attorney to make such contracts of insurance, which license shall specify the kind or kinds of insurance and shall contain the name of the attorney, the location of the principal office and the name or designation under which such contracts of insurance are issued. The certificate of authority shall expire on the first day of June next succeeding its issue, and shall be renewed annually as long as the company transacts business in accordance with the requirements of law.

Section History: Early form

  [C24, 27, 31, 35, 39, § 9094; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 520.12]

Section History: Recent form

  88 Acts, ch 1112, § 110


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