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Iowa Code Title XIII. Commerce [Chs. 505-554D] § 515K.6. Travel administrators

Current as of January 01, 2024 | Updated by Findlaw Staff

1. Notwithstanding any provision of Title XIII, subtitle 1, to the contrary, a person shall not act as, or represent itself as, a travel administrator for travel insurance in this state unless the person meets at least one of the following requirements:

a. The person is a licensed property and casualty insurance producer in this state.

b. The person is in compliance with all laws and regulations that are applicable to managing general agents in this state.

c. The person is in compliance with all laws and regulations that are applicable to third-party administrators in this state.

2. An insurer shall be responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer, and for ensuring that the travel administrator maintains all records related to the insurer and makes the records available to the commissioner upon request of the commissioner.

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Cite this article: FindLaw.com - Iowa Code Title XIII. Commerce [Chs. 505-554D] § 515K.6. Travel administrators - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xiii-commerce-chs-505-554d/ia-code-sect-515k-6/

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