In addition to the definitions in
191-1.1 (502,505), the following
definitions apply:
"Appointment" means a notification filed
with the division or its designated vendor that an insurer has established an
agency relationship with a producer. A company filing such a request must
verify that the producer is licensed for the appropriate line(s) of
authority.
"Birth month" means the month in which a
producer was born.
"Business entity" means a corporation,
association, partnership, limited liability company, limited liability
partnership or other legal entity.
"CSRU" means child support recovery
unit.
"Home state" means the District of Columbia
or any state or territory of the United States in which a producer maintains
the producer's principal place of residence or principal place of business and
is licensed to act as a producer.
"Individual" means a private or natural
person, as distinguished from a partnership, corporation or association.
"Insurance" means any of the lines of
insurance listed in rule
191-10.7 (522B).
"License" means the division's authorization
for a person to act as a producer for the authorized lines of insurance.
"License number" means the National
Insurance Producer Registry (NIPR) national producer number (NPN) issued to all
licensees whose license records exist in the state producer licensing database
(SPLD). For purposes of this definition, "state producer licensing database
(SPLD)" means the national database of producers maintained by the National
Association of Insurance Commissioners (NAIC), its affiliates or
subsidiaries.
"National Insurance Producer Registry" or
"NIPR" means the nonprofit affiliate of the National
Association of Insurance Commissioners (NAIC). The NIPR's website is
www.NIPR.com.
"Negotiate" means the act of conferring
directly with or offering advice directly to a purchaser or prospective
purchaser of a particular contract of insurance concerning any of the
substantive benefits, terms or conditions of the contract provided that the
person engaged in that act either sells insurance or obtains insurance for
purchasers.
"NIPR Gateway" means the communication
network developed and operated by NIPR that links state insurance regulators
with the entities they regulate to facilitate the electronic exchange of
producer information regarding license applications, license renewals,
appointments and terminations.
"Nonresident" means a person whose home
state is not Iowa.
"Notification" means a written or electronic
communication from a producer to the division.
"Person" means an individual or a business
entity.
"Producer" or "insurance
producer" means a person required to be licensed in this state to
sell, solicit or negotiate insurance.
"Producer renewal notice" means an
electronic communication issued by the division to inform a producer about
license renewal.
"Resident" means a person whose home state
is Iowa.
"Sell" means to exchange a contract of
insurance by any means, for money or its equivalent, on behalf of an
insurer.
"Solicit" or "solicitation"
means attempting to sell insurance or asking or urging a person to apply for a
particular kind of insurance from a particular company.
"Termination" means that an insurer has
ended its agency relationship with a producer.
"Termination for cause" means that an
insurer has ended its agency relationship with a producer for one of the
reasons set forth in Iowa Code section
522B.11.
"Uniform application" means the National
Association of Insurance Commissioners' uniform application for resident and
nonresident insurance producer licensing, as it appears on the NAIC
website.
