Iowa Code (Last Updated: December 05, 2016)

Section 515I.7. Effect of payment to surplus lines insurance producer.

Latest version.

A payment of premium to a surplus lines insurance producer acting for a person other than the producer in procuring, continuing, or renewing any policy or contract of surplus lines insurance procured under this chapter shall be deemed to be payment to the eligible surplus lines insurer, notwithstanding any other conditions or stipulations that are inserted in the policy or contract of insurance.
2012 Acts, ch 1025, §7, 22

                    
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