522B.16B Written consent to engage or participate in business of insurance. 1. A person who is prohibited by 18 U.S.C. §1033 from engaging or participating in the business of insurance because that person has been convicted of a crime under that statute orof a felony involving dishonesty or breach of trust may apply to the commissioner for writtenconsent to engage or participate in the business of insurance in this state. 2. The commissioner, by rule, shall establish a procedure and standards for issuing such a written consent. 3. The commissioner shall not issue an insurance producer license to an applicant who has been convicted of a crime as set forth in subsection 1 unless the applicant has first obtained awritten consent from the commissioner to engage or participate in the business of insurancein this state. 4. The commissioner shall not renew or issue an insurance producer license to an insurance producer licensee who has been convicted of a crime as set forth in subsection 1unless that licensee has first obtained a written consent from the commissioner to engage orparticipate in the business of insurance in this state. en convicted of a crime as set forth in subsection 1unless that licensee has first obtained a written consent from the commissioner to engage orparticipate in the business of insurance in this state. 2006 Acts, ch 1117, §115 Sat Dec 23 00:54:09 2023 Iowa Code 2024, Section 522B.16B (17, 0)
Iowa Legal Code