Section 522A.1 – Purpose.
522A.1 Purpose. The purpose of this chapter is to provide for the limited licensing of rental companies when a motor vehicle rental company sells travel or automobile-related insurance products or coverage in connection with and incidental to the rental of vehicles. 99 Acts, ch 143, §1
Section 522A.2 – Definitions.
522A.2 Definitions. As used in this chapter, unless the context otherwise requires: 1. “Commissioner” means the commissioner of insurance appointed pursuant to section 505.2. 2. “Counter employee” means any employee at least eighteen years of age employed by a rental company that offers the products described in this chapter. 3. “Limited licensee” means a person […]
Section 522A.3 – Limited licenses.
522A.3 Limited licenses. 1. Notwithstanding the provisions of chapter 522B, the commissioner may issue a limited license to a rental company that has complied with the requirements of this chapter. The limited license shall authorize the limited licensee to offer or sell insurance with the rental of vehicles. 2. As a prerequisite for issuance of […]
Section 522A.4 – Term of limited license.
522A.4 Term of limited license. A limited license issued pursuant to this chapter is valid for three years and may be renewed without examination if the renewal application is received in a timely manner. 99 Acts, ch 143, §4
Section 522A.5 – Fees.
522A.5 Fees. The fee for a counter employee license shall be fifty dollars per counter employee. In no case shall any combined fees exceed one thousand dollars in any calendar year for any one rental company or limited license or licensee or renewal license. The fees collected under this section shall be deposited as provided […]
Section 522A.6 – Vendor qualifications.
522A.6 Vendor qualifications. If a qualified vendor is available, the commissioner shall utilize the qualified vendor closest in proximity to where the counter employee is employed to meet the requirements in section 522A.3. A vendor shall have at least two years teaching experience relating to the topic of the products described in this chapter. For […]
Section 522A.7 – Rules.
522A.7 Rules. The commissioner shall adopt rules necessary for the administration of this chapter. 99 Acts, ch 143, §7