191—10.2(515K,522B) Definitions. In addition to the definitions in 191—1.1(502,505), the following definitions apply:
“Appointment” means a notification filed with the division or its designated vendor that an insurer has established an agency relationship with a producer. A company filing such a request must verify that the producer is licensed for the appropriate line(s) of authority.
“Birth month” means the month in which a producer was born.
“Business entity” means a corporation, association, partnership, limited liability company, limited liability partnership or other legal entity.
“CSRU” means child support recovery unit.
“Home state” means the District of Columbia or any state or territory of the United States in which a producer maintains the producer’s principal place of residence or principal place of business and is licensed to act as a producer.
“Individual” means a private or natural person, as distinguished from a partnership, corporation or association.
“Insurance” means any of the lines of insurance listed in rule 191—10.7(522B).
“License” means the division’s authorization for a person to act as a producer for the authorized lines of insurance.
“License number” means the National Insurance Producer Registry (NIPR) national producer number (NPN) issued to all licensees whose license records exist in the state producer licensing database (SPLD). For purposes of this definition, “state producer licensing database (SPLD)” means the national database of producers maintained by the National Association of Insurance Commissioners (NAIC), its affiliates or subsidiaries.
“National Insurance Producer Registry” or “NIPR” means the nonprofit affiliate of the National Association of Insurance Commissioners (NAIC). The NIPR’s website is www.NIPR.com.
“Negotiate” means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms or conditions of the contract provided that the person engaged in that act either sells insurance or obtains insurance for purchasers.
“NIPR Gateway” means the communication network developed and operated by NIPR that links state insurance regulators with the entities they regulate to facilitate the electronic exchange of producer information regarding license applications, license renewals, appointments and terminations.
“Nonresident” means a person whose home state is not Iowa.
“Notification” means a written or electronic communication from a producer to the division.
“Person” means an individual or a business entity.
“Producer” or “insurance producer” means a person required to be licensed in this state to sell, solicit or negotiate insurance.
“Producer renewal notice” means an electronic communication issued by the division to inform a producer about license renewal.
“Resident” means a person whose home state is Iowa.
“Sell” means to exchange a contract of insurance by any means, for money or its equivalent, on behalf of an insurer.
“Solicit” or “solicitation” means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company.
“Termination” means that an insurer has ended its agency relationship with a producer.
“Termination for cause” means that an insurer has ended its agency relationship with a producer for one of the reasons set forth in Iowa Code section 522B.11.
“Uniform application” means the National Association of Insurance Commissioners’ uniform application for resident and nonresident insurance producer licensing, as it appears on the NAIC website.
[ARC 7836B, IAB 6/3/09, effective 7/8/09; ARC 4910C, IAB 2/12/20, effective 3/18/20; ARC 6548C, IAB 10/5/22, effective 11/9/22]