515.106 Limitation on termination of independent producers. An insurance company organized under this chapter or authorized to do business in this state shall not terminate a contract of an insurance producer who is an independentcontractor but who is not an exclusive insurance producer as defined in section 522B.1without at least one hundred eighty days’ notice, except for loss of license, fraud,nonpayment of company premiums that are due and not in dispute by the producer, or thewithdrawal of operations in the state by the insurance company. This section does not applyto insurance producers or a business entity whose contract with an insurer authorized todo business in this state contains a written provision expressly reserving to the insurer allright, title, and interest to the ownership or the use of insurance business written by such aninsurance producer or business entity. 2002 Acts, ch 1111, §19C2003, §515.125A2007 Acts, ch 152, §34CS2007, §515.106 Sat Dec 23 00:47:26 2023 Iowa Code 2024, Section 515.106 (22, 0)
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