515E.12 License required for agents and brokers.
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/ia/chapter-515e-risk-retention-groups-and-purchasing-groups/515e-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A person acting, or offering to act, as an agent or broker for a risk retention group or purchasing group, which solicits members, sells or procures insurance coverage, purchases coverage for its members located within the state, or otherwise does business in this state shall, before commencing any such activity, obtain a license from the commissioner.