Iowa Administrative Rules (Last Updated: December 07, 2016) |
Department 181. Commerce Department |
Division 191. Insurance Division |
Chapter 21. REQUIREMENTS FOR SURPLUS LINES, RISK RETENTION GROUPS AND PURCHASING GROUPS |
Section 191.21.8. Procedures for qualification as a purchasing group.
Latest version.
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21.8(1) Prior to doing business in this state, a purchasing group shall furnish to the division notice that shall include:
a. The information set forth in Iowa Code section 515E.8, which also is listed on the division’s Web site; and
b. Remittance of a $100 filing fee.
21.8(2) A registered purchasing group shall pay a $100 renewal fee by March 1 of each year following the year of registration. The purchasing group must provide information requested by the division for determination of continued registration.
[ ARC 2727C , IAB 9/28/16, effective 11/2/16]