Licensing—producers, viatical settlement brokers, viatical settlement providers, public adjusters, amendments to chs 10, 48, 55, 58
Amended Notice of Intended Action
Providing for a public hearing on rule making related to licensing
The Notice of Intended Action published in the Iowa Administrative Bulletin on August 12, 2020, as ARC 5129C, proposes to amend Chapter 10, "Insurance Producer Licenses and Limited Licenses," Chapter 48, "Viatical and Life Settlements," Chapter 55, "Licensing of Public Adjusters," and Chapter 58, "Third-Party Administrators," Iowa Administrative Code. The public comment deadline is extended until September 15, 2020. In addition, in order to receive oral comments concerning ARC 5129C, the Insurance Division hereby gives notice that the public hearing previously scheduled for September 7, 2020, will now be held as follows:
September 15, 2020
Via conference call
Contact Tracy Swalwell
Persons wishing to attend the conference call hearing should contact Tracy Swalwell. A conference call number will be provided prior to the hearing. Persons who wish to make oral comments at the conference call public hearing must submit a request to Tracy Swalwell prior to the hearing to facilitate an orderly hearing. Persons may be asked to state their names for the record and to confine their remarks to the subject of this proposed rule making.
Any persons who intend to attend the public hearing and have special requirements, such as those related to hearing or mobility impairments, should contact the Division and advise of specific needs.
Legal Authority for Rule Making
This rule making is proposed under the authority provided in Iowa Code sections 508E.19, 510.9, 522B.18 and 522C.3.
State or Federal Law Implemented
This rule making implements, in whole or in part, Iowa Code chapters 508E, 510, 522B and 522C and 2020 Iowa Acts, House File 426.
Purpose and Summary
The Division proposes to amend Chapters 10, 48, 55, and 58 as part of the Division's review of rules and to implement 2020 Iowa Acts, House File 426, which allows for the Commissioner to require producers, viatical settlement brokers, viatical settlement providers, and public adjusters applying for an initial license or applying for renewal, reinstatement or reissuance of a suspended or revoked license to submit fingerprints for a criminal history check.
Fiscal Impact, Jobs Impact, Waivers
Statements related to the fiscal impact, jobs impact, and waiver of this rule making may be found in the preamble of ARC 5129C.
Review by Administrative Rules Review Committee
The Administrative Rules Review Committee, a bipartisan legislative committee which oversees rule making by executive branch agencies, may, on its own motion or on written request by any individual or group, review this rule making at its regular monthly meeting or at a special meeting. The Committee's meetings are open to the public, and interested persons may be heard as provided in Iowa Code section 17A.8(6).