510.5A Unfair competition or unfair and deceptive acts or practices prohibited. A managing general agent is subject to chapter 507B relating to unfair insurance trade practices. 93 Acts, ch 88, §11 Referred to in §510.10
510.6 Duties of insurers. 1. An insurer shall have on file an independent financial examination, in a form acceptable to the commissioner, of each managing general agent with which the insurer does or has done business. 2. If a managing general agent establishes loss reserves, the insurer shall annually obtain the opinion of an actuary […]
510.7 Examination authority. The acts of a managing general agent are considered to be the acts of the insurer on whose behalf a managing general agent is acting. A managing general agent may be examined as if it were the insurer. 91 Acts, ch 26, §6 Referred to in §510.10
510.8 Penalties and liabilities. 1. If the commissioner finds, after a hearing conducted in accordance with chapter 17A, that any person has violated one or more provisions of this chapter, the commissioner may do one or more of the following: a. For each separate violation, order the imposition of an administrative penalty of not more […]
510.9 Rules. The commissioner may adopt rules, pursuant to chapter 17A, as necessary or convenient for the implementation and administration of this chapter. 91 Acts, ch 26, §8 Referred to in §510.10
