522B.3 Exceptions to licensing. 1. Nothing in this chapter shall be construed to require an insurer to obtain an insurance producer license. For the purposes of this section, 'insurer' does not mean an officer, director,employee, subsidiary, or affiliate of the insurer. 2. A license as an insurance producer shall not be required of any of the following:a. An officer, director, or employee of an insurer or of an insurance producer, provided that the officer, director, or employee does not receive any commission on policies written orsold to insure risks residing, located, or to be performed in this state, and one of the followingapplies: (1) The activities of the officer, director, or employee are executive, administrative, managerial, clerical, or a combination of these, and are only indirectly related to the sale,solicitation, or negotiation of insurance. (2) The function of the officer, director, or employee relates to underwriting, loss control, inspection, or the processing, adjusting, investigating, or settling of a claim on a contract ofinsurance. (3) The officer, director, or employee is acting in the capacity of a special agent or agency supervisor assisting insurance djusting, investigating, or settling of a claim on a contract ofinsurance. (3) The officer, director, or employee is acting in the capacity of a special agent or agency supervisor assisting insurance producers where the person’s activities are limited to providingtechnical advice and assistance to licensed insurance producers and do not include the sale,solicitation, or negotiation of insurance. b. A person who performs any of the following services and who is not paid a commission for the performance of such service: (1) Secures and furnishes information for the purpose of group life insurance, group property and casualty insurance, group annuities, or group or blanket accident and healthinsurance. (2) Secures and furnishes information for the purpose of enrolling individuals under plans, issuing certificates under plans, or otherwise assisting in administering plans. (3) Performs administrative services related to mass marketed property and casualty insurance. c. An employer or association, or an officer, director, or employee of such employer or association, or the trustees of an employee trust plan, to the extent that such employer,association, officer, director, employee, or ciation, or an officer, director, or employee of such employer or association, or the trustees of an employee trust plan, to the extent that such employer,association, officer, director, employee, or trustee is engaged in the administration oroperation of a program of employee benefits for the employer’s or association’s ownemployees or the employees of its subsidiaries or affiliates, which program involves the useof insurance issued by an insurer, as long as such employer, association, officer, director,employee, or trustee is not in any manner compensated, directly or indirectly, by the insurerissuing the contracts. d. An employee of an insurer, or an organization employed by an insurer, who engages in the inspection, rating, or classification of risks or in the supervision of the trainingof insurance producers and who is not individually engaged in the sale, solicitation, ornegotiation of insurance. e. A person whose activities in this state are limited to advertising without the intent to solicit insurance in this state through communications in printed publications or other formsof electronic mass media whose distribution is not limited to residents of the state, providedthat tent to solicit insurance in this state through communications in printed publications or other formsof electronic mass media whose distribution is not limited to residents of the state, providedthat the person does not sell, solicit, or negotiate insurance that would insure risks residing,located, or to be performed in this state. f. A person who is not a resident of this state who sells, solicits, or negotiates a contract of insurance for commercial property and casualty risks to an insured with risks located in morethan one state insured under that contract, provided that that person is otherwise licensedas an insurance producer to sell, solicit, or negotiate that insurance in the state where theinsured maintains its principal place of business and the contract of insurance insures riskslocated in that state. g. A salaried full-time employee who counsels or advises the employee’s employer relative to the insurance interests of the employer or of the subsidiaries or business affiliatesof the employer, provided that the employee does not sell or solicit insurance or receive acommission. relative to the insurance interests of the employer or of the subsidiaries or business affiliatesof the employer, provided that the employee does not sell or solicit insurance or receive acommission. Sat Dec 23 00:54:01 2023 Iowa Code 2024, Section 522B.3 (17, 0) §522B.3, LICENSING OF INSURANCE PRODUCERS 2 h. A licensed attorney providing surety bonds incident to the attorney’s practice.i. A person selling transportation tickets of a common carrier of persons or property when that person also sells, in connection with and related to the transportation ticket, a trip andaccident insurance policy or an insurance policy on personal effects being carried as baggage. 2001 Acts, ch 16, §17, 37; 2002 Acts, ch 1050, §47; 2002 Acts, ch 1119, §76See also §522A.3 Sat Dec 23 00:54:01 2023 Iowa Code 2024, Section 522B.3 (17, 0)
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