Iowa Code (Last Updated: December 05, 2016) |
Title XIII. COMMERCE |
Chapter 518A. STATE MUTUAL INSURANCE ASSOCIATIONS |
Section 518A.42. Limitation on termination of independent insurance producers.
Latest version.
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A state mutual insurance association authorized to do business in this state shall not terminate a contract of an insurance producer who is an independent contractor but who is not an exclusive insurance producer as defined in section 522B.1 without at least one hundred eighty days’ notice, except for loss of license, fraud, nonpayment of association premiums that are due and not in dispute by the producer, or the withdrawal of operations in the state by the association.