537.3207 Form of insurance premium loan agreement. An agreement pursuant to which an insurance premium loan is made shall contain the names of the insurance producer negotiating each policy or contract and of the insurer issuingeach policy or contract, the number and inception date of, and premium for, each policy orcontract, the date on which the term of the loan begins, and a clear and conspicuous noticethat each policy or contract may be canceled if payment is not made in accordance with theagreement. If a policy or contract has not been issued when the agreement is signed, theagreement may provide that the insurance producer may insert the appropriate informationin the agreement and, if they do so, shall furnish the information promptly in writing to theinsured. [C75, 77, 79, 81, §537.3207]2001 Acts, ch 16, §35, 37Referred to in §537.5201 Sat Dec 23 01:40:17 2023 Iowa Code 2024, Section 537.3207 (18, 0)
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