Iowa Code 87.3 – Maximum commission for renewal
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 87.3
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
No insurer of any obligation under this chapter shall either by itself or through another, either directly or indirectly, charge or accept as a commission or compensation for placing or renewing any insurance under this chapter, more than fifteen percent of the premium charged.