1. Unless denied licensure pursuant to section 522B.11, a nonresident person shall receive a nonresident insurance producer license if all of the following apply:

 a. The person is currently licensed as an insurance producer and is in good standing in the person’s home state.
 b. The person has submitted the proper request for licensure and has paid the required fees.
 c. The person has submitted or transmitted to the commissioner the application for licensure that the person submitted to the person’s home state, or in lieu of such application, a completed uniform application.
 d. The person’s home state awards nonresident insurance producer licenses to residents of this state on the same basis.

Terms Used In Iowa Code 522B.7

  • Commissioner: means the commissioner of insurance. See Iowa Code 522B.1
  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • Home state: means the District of Columbia and any state or territory of the United States in which an insurance producer maintains the producer's principal place of residence or principal place of business and is licensed to act as an insurance producer. See Iowa Code 522B.1
  • Insurance: means any of the lines of authority an insurer is authorized to sell in this state. See Iowa Code 522B.1
  • Insurance producer: means a person required to be licensed under the laws of this state to sell, solicit, or negotiate insurance. See Iowa Code 522B.1
  • License: means a document issued pursuant to this chapter by the commissioner authorizing a person to act as an insurance producer for the lines of authority specified in the document. See Iowa Code 522B.1
  • Limited lines insurance: means any authority granted by the home state which restricts the authority of the license to less than the total authority prescribed in the associated major lines pursuant to section 522B. See Iowa Code 522B.1
  • Person: means an individual or a business entity. See Iowa Code 522B.1
  • Producer database: means the national database of insurance producers maintained by the national association of insurance commissioners, its affiliates, or subsidiaries. See Iowa Code 522B.1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
  • Uniform application: means the current version of the national association of insurance commissioners uniform application for resident and nonresident insurance producer licensing. See Iowa Code 522B.1
 2. The commissioner may verify the insurance producer’s licensing status through the producer database.
 3. A nonresident insurance producer who moves from one state to another state or a resident insurance producer who moves from this state to another state shall file a change of address and provide certification from the new resident state within thirty days of the change of legal residence. No fee or license application is required. The certification may be obtained through the producer database.
 4. Notwithstanding any other provision of this chapter, a person licensed as a limited lines insurance producer in the person’s home state shall receive a nonresident limited lines insurance producer license, pursuant to subsection 1, granting the same scope of authority as granted under the license issued by such person’s home state.
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