Iowa

My nonresident license is up for renewal this month and I am an Illinois resident, what do I need to do?

Since Illinois is your home state, you must complete their continuing education requirements before that license expires.  You can renewal your  nonresident license at the National Insurance Producer Registry and pay their nonresident licensing fees and a $5.00 processing fee.

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What is the Gramm-Leach-Bliley Act (GLBA)?

President Clinton signed into law the Gramm-Leach-Bliley Act(GLBA) (P.L. 106-102) on November 12, 1999. GLBA requires state insurance regulators to issue rules protecting the privacy of insurance consumers’ personal information.  These rules require insurance companies, producers, and other entities engaged insurance activities to protect the customer’s financial and health information. It requires insurers to: Notify consumers of their privacy policies;

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What are the coverage limits under the state guaranty fund in case an life insurer files for bankruptcy?

Each state sets the amount of coverage provided by their guaranty association and the amounts differs from state to state. The majority of the states followed the lead of specified in the National Association of Insurance Commissioners’ (NAIC) Life and Health Insurance Guaranty Association Model Law: $300,000 in life insurance death benefits $100,000 in net cash surrender or withdrawal values for

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Iowa Index Product Training

Iowa requires those producers wanting to sell any index insurance products to complete a one time index product course with at least four credits before presenting or selling index life or annuity policies.  This requirement applies to resident and nonresident insurance producers. You can review this requirement at the Iowa Division of Insurance . Chapter 15, page 1,

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