322.27A - WHOLESALER'S LICENSE.

        322.27A  WHOLESALER'S LICENSE.         A person shall not engage in business as a wholesaler of new motor      vehicles in this state without a license as provided in this chapter.         Prior to the issuance of such license, the department, at a      minimum, and in addition to any other information the department      deems necessary to the application, shall require proof that the      applicant has financial liability coverage as defined in section      321.1, except that such coverage shall be in limits of not less than      one hundred thousand dollars because of bodily injury to or death of      one person in any one accident and, subject to the limit for one      person, three hundred thousand dollars because of bodily injury to or      death of two or more persons in any one accident, and fifty thousand      dollars because of injury to or destruction of property of others in      any one accident.  
         Section History: Recent Form
         98 Acts, ch 1121, §6, 9; 2006 Acts, ch 1068, §36