Requirements for Surplus Lines, Risk Retention Groups and Purchasing Groups

What this document is

Iowa Administrative Code 191, Chapter 21 - Requirements for Surplus Lines, Risk Retention Groups and Purchasing Groups is a regulation published by Iowa Insurance Division; published by the Iowa Legislative Services Agency (legis.iowa.gov). It is one of the Iowa documents that insurance license exam questions are written from, including iowa property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Iowa Admin. Code r. 191-21.4 (Surplus lines insurance producer's duty to insured)

  “A surplus lines insurance producer who places coverage with an eligible surplus lines insurer must deliver to the insured, within 30 days of the date the policy is issued, a notice that states the following: “This policy is issued, pursuant to Iowa Code chapter 515I, by an eligible surplus lines...”

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