{"data":{"id":"us-ia/iowa-code-510.4","jurisdiction":"us-ia","citation":"Iowa Code § 510.4","heading":"Licensure required — bond.","body":"1. A person shall not act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless the person is a licensed producer in this state.\n2. A person shall not act in the capacity of a managing general agent representing an insurer domiciled in this state with respect to risks located outside this state unless the person is licensed as a resident or nonresident producer in this state pursuant to the provisions of this chapter.\n3. The commissioner may require a bond for each company represented by a managing general agent in an amount acceptable to the commissioner for the protection of the insurer.\n4. The commissioner may require a managing general agent to maintain an errors and omissions policy.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 510 - MANAGING GENERAL AGENTS AND THIRD-PARTY ADMINISTRATORS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/510.4.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:13Z","sha256":"77c70f3ea1f4d482b9e5cf9615eac619d9b923092eb09580f289e80084b5666f","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-510.3","next":"us-ia/iowa-code-510.5"},"notice":"GroundRules: Original legal text. Not legal advice."}