The commissioner may suspend or revoke or refuse to renew the license of a service company for any of the following grounds:
 1. The service company violated a lawful order of the commissioner or any provision of this chapter.

Terms Used In Iowa Code 523C.9

  • Commissioner: means the commissioner of insurance. See Iowa Code 523C.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
  • Service company: means a person who is contractually obligated to perform services pursuant to a motor vehicle service contract or residential service contract. See Iowa Code 523C.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
 2. The service company failed to pay any final judgment rendered against it in this state within sixty days after the judgment became final.
 3. The service company has without just cause refused to perform or negligently or incompetently performed services required to be performed under its service contracts and the refusal, or negligent or incompetent performance, has occurred with such frequency, as determined by the commissioner, as to indicate the general business practices of the service company.
 4. The service company violated section 523C.13.
 5. The service company failed to demonstrate financial responsibility pursuant to section 523C.5.
 6. The service company failed to maintain its corporate certificate of good standing with the secretary of state.
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