Statutes > Iowa Statutes > Title 13 - Commerce > Subtitle 1 - Insurance and Related Regulation > CHAPTER 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS > 515E.9 - PURCHASING GROUP RESTRICTIONS.

515E.9 - PURCHASING GROUP RESTRICTIONS.

        515E.9  PURCHASING GROUP RESTRICTIONS.         A purchasing group shall not purchase insurance from an insurer      not admitted in this state unless the purchase is effected through a      duly licensed agent or broker acting pursuant to sections 515.120      through 515.122.
         Section History: Recent Form
         88 Acts, ch 1111, §10; 90 Acts, ch 1234, §44; 2007 Acts, ch 152,      §81