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Iowa Life Insurance — Requirements & Free Practice

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Licenses, application pathways and examination requirements

Each license and applicant pathway has its own requirements and exemptions. Choosing practice questions does not determine your eligibility.

Business Entity License

Elective entity license with an individually licensed designated responsible producer.

Licensing authority: Iowa Insurance Division — Commissioner of Insurance · Application information

Business entity licensure — nonresident
No examination is required for this applicant pathway.
Application
Completed NAIC uniform business entity application through NIPR and license fee; a nonresident submits the appropriate NIPR request.
Replacement
Replace terminated or lapsed designated producer within 10 days or entity license terminates.
Residency
nonresident entity.
Responsible producer
Designate an officer, owner, partner or member holding an active Iowa producer license, responsible for all business transactions.

Official no-examination sources

Effective from 2026-09-22.

Business entity relicensure after designated producer termination
No examination is required for this applicant pathway.
Application
New application, fee and actively licensed designated producer.
Cause
Entity license terminated because no replacement designated producer was supplied within 10 days.

Official no-examination sources

Effective from 2026-09-22.

Business entity license renewal
No examination is required for this applicant pathway.
Application
NIPR renewal or as directed; fee received before expiration.
Responsible producer
Maintain actively licensed designated responsible producer.

Official no-examination sources

Effective from 2026-09-22.

Business entity licensure — resident
No examination is required for this applicant pathway.
Application
Completed NAIC uniform business entity application through NIPR and license fee; a nonresident submits the appropriate NIPR request.
Replacement
Replace terminated or lapsed designated producer within 10 days or entity license terminates.
Residency
resident entity.
Responsible producer
Designate an officer, owner, partner or member holding an active Iowa producer license, responsible for all business transactions.

Official no-examination sources

Effective from 2026-09-22.

nonresident insurance producer license

Reciprocal nonresident licensure for the life line.

Licensing authority: Iowa Insurance Division · Application information

Add life authority to existing nonresident license
No examination is required for this applicant pathway.
Application
NIPR application identifying requested life authority.
Home license
Current home-state life authority and good standing.

Official no-examination sources

Effective from 2026-09-22.

Reinstate license after child support or state debt noncompliance — nonresident
No examination is required for this applicant pathway.
Ce
Meet applicable CE before renewal or reinstatement; resident Life examination is an alternative under 11.3(7); applicable CE exemptions and home-state obligations remain conditions.
Fees
Pay all applicable renewal, reinstatement and reissuance fees.
Order
Observe applicable court or disciplinary order.
Withdrawal
Issuing agency withdraws noncompliance certificate; applicant otherwise complies with Division rules.

Official no-examination sources

Effective from 2026-09-22.

Disciplinary reinstatement — nonresident
Life
Application
File prescribed disciplinary application, comply with licensing order, required criminal-history check and NIPR application and fees when required.
Burden
Show disciplinary basis no longer exists, disclose additional violations and establish public interest.
Examination
10.10(2)(a) expressly requires prescribed 10.4 requirements including its 90-day examination timing. Statutory exemptions, applicant status and licensing-order terms are conditions. For limited life authority the exact home-state scope remains a condition.
Order
Written commissioner order may impose conditions or deny relief.
Status
Suspended license not expired.
Timing
If order lacks terms, generally wait one year; suspension continues until reinstatement by order.
Disciplinary reissuance — nonresident
Life
Application
File prescribed disciplinary application, comply with licensing order, required criminal-history check and NIPR application and fees when required.
Burden
Show disciplinary basis no longer exists, disclose additional violations and establish public interest.
Examination
10.10(2)(a) expressly requires prescribed 10.4 requirements including its 90-day examination timing. Statutory exemptions, applicant status and licensing-order terms are conditions. For limited life authority the exact home-state scope remains a condition.
Order
Written commissioner order may impose conditions or deny relief.
Status
Revoked, disciplinary forfeiture, or suspension beyond expiration.
Timing
If order lacks terms, generally wait one year; suspension continues until reinstatement by order.
Reinstate license suspended for failed payment — nonresident
No examination is required for this applicant pathway.
Cause
Issuance or renewal payment returned unpaid, not approved, cancelled or refused.
Hearing
Request hearing within 30 days of notice if desired.
Remedy
Pay original amounts, fees and penalties; reinstatement follows payment.

Official no-examination sources

Effective from 2026-09-22.

Reactivate voluntarily surrendered license — nonresident
No examination is required for this applicant pathway.
Deadline
Request within 90 days after inactive status.
Eligibility
Otherwise eligible; late request requires new licensure.
Status
Voluntary surrender outside disciplinary matters with intent to exit the insurance business.

Official no-examination sources

Effective from 2026-09-22.

Nonresident licensure by reciprocity
No examination is required for this applicant pathway.
Application
Proper request, home-state or uniform application, required fees through NIPR.
Criminal history
Check if not already completed.
Home license
Current home-state life authority and good standing.
Reciprocity
Home state awards Iowa residents nonresident licenses on the same basis.

Official no-examination sources

Effective from 2026-09-22.

Nonresident reinstatement — nonresident
No examination is required for this applicant pathway.
Application
NIPR request and renewal and reinstatement fees.
Deadline
Within 12 months after expiration.
Home license
Maintain home-state authority and reciprocal eligibility; limited authority retains its existing scope.

Official no-examination sources

Effective from 2026-09-22.

Nonresident reissuance after extended lapse or residence update failure — nonresident
No examination is required for this applicant pathway.
Application
Meet nonresident application, fee and applicable criminal-history requirements.
Eligibility
Lapse exceeded 12 months or required address change was not filed; maintain current reciprocal home-state authority.
Lower source demand
{"name":"Official implementing page retrieved September 4, 2026","quote":"A previously licensed insurance producer that fails to apply for reinstatement within 12 months of expiration must  take and pass the appropriate exam(s) then apply as a new licensee at www.nipr.com","reading":"IID broadly directs exam retaking after extended lapse; statute §522B.7 and implementing nonresident requirements instead use home-state licensure."}

Official no-examination sources

Effective from 2026-09-22.

Nonresident license renewal — nonresident
No examination is required for this applicant pathway.
Application
NIPR renewal within 90 days before expiration and required fee.
Ce
IAC 11.1(3)(a) excludes nonresidents living in a jurisdiction with CE requirements; IID says no Iowa CE for nonresidents.
Home ce requirement
Home state or district has a producer continuing-education requirement, so IAC 11.1(3)(a) excludes the producer from Iowa CE.
Home license
Maintain proper home-state authority and applicable home-state CE; limited license retains home-state scope.

Official no-examination sources

Effective from 2026-09-22.

Nonresident renewal where Iowa CE applies
Life
Ce
Complete 36 approved credits including 3 ethics, or elect appropriate licensing examination under 11.3(7); Life authority uses the Life examination.
Fees
Renew through NIPR before expiration and pay required fee.
Home jurisdiction
Nonresident home state or district has no producer CE requirement, so the 11.1(3)(a) exclusion does not apply.
Lower source demand
{"name":"Official implementing page retrieved September 4, 2026","quote":"Is CE required for a non-resident?\n \n \n \n\n\n \n\n \nNo.","reading":"IID FAQ says no nonresident CE; rule 11.1 makes its exclusion conditional on home-jurisdiction CE requirements."}

nonresident limited lines insurance producer license

Available where the home-state limited license grants a subset of the life line; authority is the same as the home-state scope.

Licensing authority: Commissioner of Insurance · Application information

Reinstate license after child support or state debt noncompliance — limited
No examination is required for this applicant pathway.
Ce
Meet applicable CE before renewal or reinstatement; resident Life examination is an alternative under 11.3(7); applicable CE exemptions and home-state obligations remain conditions.
Fees
Pay all applicable renewal, reinstatement and reissuance fees.
Order
Observe applicable court or disciplinary order.
Withdrawal
Issuing agency withdraws noncompliance certificate; applicant otherwise complies with Division rules.

Official no-examination sources

Effective from 2026-09-22.

Reinstate license suspended for failed payment — limited
No examination is required for this applicant pathway.
Cause
Issuance or renewal payment returned unpaid, not approved, cancelled or refused.
Hearing
Request hearing within 30 days of notice if desired.
Remedy
Pay original amounts, fees and penalties; reinstatement follows payment.

Official no-examination sources

Effective from 2026-09-22.

Reactivate voluntarily surrendered license — limited
No examination is required for this applicant pathway.
Deadline
Request within 90 days after inactive status.
Eligibility
Otherwise eligible; late request requires new licensure.
Status
Voluntary surrender outside disciplinary matters with intent to exit the insurance business.

Official no-examination sources

Effective from 2026-09-22.

Reciprocal nonresident limited life authority
No examination is required for this applicant pathway.
Eligibility
Meet §522B.7(1) good-standing, application, fee and reciprocity conditions.
Home license
Home-state limited-lines license grants only a subset of life authority.
Scope
Same scope as home-state license.

Official no-examination sources

Effective from 2026-09-22.

Nonresident reinstatement — limited
No examination is required for this applicant pathway.
Application
NIPR request and renewal and reinstatement fees.
Deadline
Within 12 months after expiration.
Home license
Maintain home-state authority and reciprocal eligibility; limited authority retains its existing scope.

Official no-examination sources

Effective from 2026-09-22.

Nonresident reissuance after extended lapse or residence update failure — limited
No examination is required for this applicant pathway.
Application
Meet nonresident application, fee and applicable criminal-history requirements.
Eligibility
Lapse exceeded 12 months or required address change was not filed; maintain current reciprocal home-state authority.
Lower source demand
{"name":"Official implementing page retrieved September 4, 2026","quote":"A previously licensed insurance producer that fails to apply for reinstatement within 12 months of expiration must  take and pass the appropriate exam(s) then apply as a new licensee at www.nipr.com","reading":"IID broadly directs exam retaking after extended lapse; statute §522B.7 and implementing nonresident requirements instead use home-state licensure."}

Official no-examination sources

Effective from 2026-09-22.

Nonresident license renewal — limited
No examination is required for this applicant pathway.
Application
NIPR renewal within 90 days before expiration and required fee.
Ce
IAC 11.1(3)(a) excludes nonresidents living in a jurisdiction with CE requirements; IID says no Iowa CE for nonresidents.
Home ce requirement
Home state or district has producer CE, so IAC 11.1(3)(a) exempts this route from Iowa CE.
Home license
Maintain proper home-state authority and applicable home-state CE; limited license retains home-state scope.

Official no-examination sources

Effective from 2026-09-22.

Resident Insurance Producer License — Life

Life authority under §522B.6(2)(a), including annuities and endowment; fraternal life insurance agents use Chapter 522B licensing.

Licensing authority: iowa insurance division · Application information

Add life authority to existing resident license
Life
Application
Uniform application through NIPR identifying requested life line.
Examination
Pass Life examination unless §522B.8 exemption applies; results valid 90 days.
Existing license
Resident producer already licensed for other lines.
Reinstate license after child support or state debt noncompliance — resident
Life
Ce
Meet applicable CE before renewal or reinstatement; resident Life examination is an alternative under 11.3(7); applicable CE exemptions and home-state obligations remain conditions.
Fees
Pay all applicable renewal, reinstatement and reissuance fees.
Order
Observe applicable court or disciplinary order.
Withdrawal
Issuing agency withdraws noncompliance certificate; applicant otherwise complies with Division rules.
Disciplinary reinstatement — resident
Life
Application
File prescribed disciplinary application, comply with licensing order, required criminal-history check and NIPR application and fees when required.
Burden
Show disciplinary basis no longer exists, disclose additional violations and establish public interest.
Examination
10.10(2)(a) expressly requires prescribed 10.4 requirements including its 90-day examination timing. Statutory exemptions, applicant status and licensing-order terms are conditions. For limited life authority the exact home-state scope remains a condition.
Order
Written commissioner order may impose conditions or deny relief.
Status
Suspended license not expired.
Timing
If order lacks terms, generally wait one year; suspension continues until reinstatement by order.
Disciplinary reissuance — resident
Life
Application
File prescribed disciplinary application, comply with licensing order, required criminal-history check and NIPR application and fees when required.
Burden
Show disciplinary basis no longer exists, disclose additional violations and establish public interest.
Examination
10.10(2)(a) expressly requires prescribed 10.4 requirements including its 90-day examination timing. Statutory exemptions, applicant status and licensing-order terms are conditions. For limited life authority the exact home-state scope remains a condition.
Order
Written commissioner order may impose conditions or deny relief.
Status
Revoked, disciplinary forfeiture, or suspension beyond expiration.
Timing
If order lacks terms, generally wait one year; suspension continues until reinstatement by order.
Resident initial licensure by examination
Life
Age
At least 18.
Application
Submit truthful completed uniform application through NIPR.
Criminal history
Submit fingerprints, required identifying information and fees when required under §522B.5A.
Fitness
No disqualifying act under §522B.11 and requisite character and competence.
License fee
$50.
Residency
Iowa is the home state.
Score age
Apply within 90 days after passing, or examination results are void.
Reinstate license suspended for failed payment — resident
No examination is required for this applicant pathway.
Cause
Issuance or renewal payment returned unpaid, not approved, cancelled or refused.
Hearing
Request hearing within 30 days of notice if desired.
Remedy
Pay original amounts, fees and penalties; reinstatement follows payment.

Official no-examination sources

Effective from 2026-09-22.

Resident licensure with prior same line license
No examination is required for this applicant pathway.
Division notice
The general IID page says resident applicants must pass the Iowa exam; §522B.8(1) expressly exempts this qualifying prior-license route.
Exemption
Currently licensed there, or apply within 90 days after cancellation with certification of good standing at cancellation.
Lower source demand
{"name":"Official implementing page retrieved September 4, 2026","quote":"Individuals interested in becoming either a resident or non-resident insurance producer licensed in the state of Iowa need to apply through the National Insurance Producer Registry (NIPR) online system.  Those wishing to become a resident insurance producer licensed in the state of Iowa must successfully pass the appropriate Iowa producer licensing exam for that specific line of authority. \n\nTo register for the examination, please contact Pearson Vue at www.pearsonvue.com or 877-540-5825.  If you successfully pass the Iowa producer licensing exam, your test results will be electronically submitted to the NIPR online system. Please allow up to three business days for the exam results to transfer to the NIPR online system. Exam results are valid for 90 days.  Individuals that are interested in obtaining a variable line of authority also need an  Iowa securities license or to have passed the Series 6 or 7 and Series 63 or 66 FINRA exams necessary to be approved."}
Prior license
Previously licensed for the same life line in another state.
Remaining requirements
Resident application, fees, fitness and applicable criminal-history check.

Official no-examination sources

Effective from 2026-09-22.

Reactivate voluntarily surrendered license — resident
No examination is required for this applicant pathway.
Deadline
Request within 90 days after inactive status.
Eligibility
Otherwise eligible; late request requires new licensure.
Status
Voluntary surrender outside disciplinary matters with intent to exit the insurance business.

Official no-examination sources

Effective from 2026-09-22.

Resident reinstatement with completed CE
No examination is required for this applicant pathway.
Ce
Prove CE requirements met during applicable CE term.
Deadline
Within 12 months after expiration.
Exam
§522B.6(4) permits reinstatement without necessity of a written examination.
Fees
Renewal fee plus $100 reinstatement fee.

Official no-examination sources

Effective from 2026-09-22.

Resident reinstatement with incomplete CE
Life
Alternative
IID allows required CE hours or passing appropriate licensing examination; Life examination is elective alternative to CE.
Deadline
Within 12 months after expiration.
Fees
Pay renewal and reinstatement fees.
Score submission
Submit Pearson VUE score report to Division; reinstatement scores are not uploaded to NIPR.
Resident new license after extended lapse
Life
Age
At least 18.
Application
Submit truthful completed uniform application through NIPR.
Criminal history
Submit fingerprints, required identifying information and fees when required under §522B.5A.
Fitness
No disqualifying act under §522B.11 and requisite character and competence.
Lapse
More than 12 months after expiration requires new licensure and appropriate exam, subject to statutory exemption.
License fee
$50.
Residency
Iowa is the home state.
Score age
Apply within 90 days after passing, or examination results are void.
Resident licensure on moving to Iowa
No examination is required for this applicant pathway.
Deadline
Apply within 90 days of establishing residence.
Division process
Keep current license active; obtain or retain Iowa nonresident authority with all requested lines; submit address change; after confirmation surrender or convert prior resident license.
Exemption
No examination for previously held lines except where the commissioner determines otherwise by regulation.
Prior license
Licensed elsewhere for life insurance, now establishing Iowa legal residence.

Official no-examination sources

Effective from 2026-09-22.

Resident license renewal
Life
Applicability
Resident producer subject to Chapter 11 CE; separately recorded statutory and rule CE exemptions remain available.
Continuing education
36 approved credits per term, including 3 ethics; under 11.3(7) producer may instead take and pass appropriate licensing examination for every qualification held. Life authority uses the Life examination.
Deadline
Apply and pay $50 within 90 days before expiration.
Exemptions
Applicable CE exemptions under 11.1(3); exam is elective when CE or exemption is satisfied.
Waiver
Military service or other extenuating circumstances may support commissioner waiver under §522B.6(5).
Resident renewal with CE exemption — attorney
No examination is required for this applicant pathway.
Eligibility
Licensed attorney who is also a producer and submits proof of continuing legal education for appropriate years.
Exam
The producer is outside Chapter 11 CE requirements under 11.1(3); no licensing examination substitutes for a CE requirement on this route.
Renewal
Comply with normal renewal application and fee procedures.

Official no-examination sources

Effective from 2026-09-22.

Resident renewal with CE exemption — military
No examination is required for this applicant pathway.
Eligibility
Producer serving full-time on active armed-forces duty during a substantial part of the CE term and submitting evidence of service.
Exam
The producer is outside Chapter 11 CE requirements under 11.1(3); no licensing examination substitutes for a CE requirement on this route.
Renewal
Comply with normal renewal application and fee procedures.

Official no-examination sources

Effective from 2026-09-22.

Amend life license to add variable products authority
No examination is required for this applicant pathway.
Application
Apply through NIPR to amend the same producer license.
Iowa examination
IAC 191—10.24(3)(d) excepts variable contracts from producer examinations.
Life license
Hold an active Iowa insurance license with life authority.
Securities
Pass FINRA examinations necessary for an Iowa securities license; IID identifies Series 6 or 7 and Series 63 or 66. Examinations of another profession are conditions.

Official no-examination sources

Effective from 2026-09-22.

Temporary Insurance Producer License — Life

Temporary life authority, subject to commissioner limitations, ordinarily 90 days with extensions up to 180 days.

Licensing authority: iowa insurance division · Application information

Temporary licensure — entity death
No examination is required for this applicant pathway.
Application
Written request with reason and length.
Commissioner
Must find temporary license necessary to service the insurance business; may restrict authority, require licensed sponsor or revoke to protect insureds.
Eligibility
Member or employee of a licensed entity after death or disability of its designated individual.
Term
90 days with extensions, maximum 180 days; ends on disposal of business.

Official no-examination sources

Effective from 2026-09-22.

Temporary licensure — military designee
No examination is required for this applicant pathway.
Application
Written request with reason and length.
Commissioner
Must find temporary license necessary to service the insurance business; may restrict authority, require licensed sponsor or revoke to protect insureds.
Eligibility
Designee of a licensed producer entering active United States armed-forces service.
Term
90 days with extensions, maximum 180 days; ends on disposal of business.

Official no-examination sources

Effective from 2026-09-22.

Temporary nonresident license pending criminal history issuance
No examination is required for this applicant pathway.
Eligibility
Meet §522B.7 and no license issued within 10 business days after fingerprints and identifying information.
Lower source demand
{"name":"September 2, 2026 agency compilation; Chapters 10 and 11 published February 5, 2025","quote":"191—10.11(522B) Temporary licenses. An Iowa resident may apply for a temporary license pursuant to\nIowa Code section 522B.10. The applicant must submit a written request to the division that includes the\nreason for the request and the length of time for which the temporary license is requested. Temporary\nlicenses will be issued for 90 days, with extensions allowed, but in no event for longer than 180 days,\npursuant to Iowa Code section 522B.10.\n[ARC 4910C, IAB 2/12/20, effective 3/18/20]"}
Source conflict
IAC 191—10.11 says an Iowa resident may apply; §522B.10(1)(f) expressly authorizes the nonresident case and controls.
Term
Maximum 180 days, subject to restrictions.

Official no-examination sources

Effective from 2026-09-22.

Temporary licensure — public interest
No examination is required for this applicant pathway.
Application
Written request with reason and length.
Commissioner
Must find temporary license necessary to service the insurance business; may restrict authority, require licensed sponsor or revoke to protect insureds.
Eligibility
Other circumstances where commissioner finds temporary issuance best serves the public interest.
Term
90 days with extensions, maximum 180 days; ends on disposal of business.

Official no-examination sources

Effective from 2026-09-22.

Temporary resident license pending criminal history issuance
Life
Commissioner
Discretionary temporary issuance with applicable restrictions.
Eligibility
Resident applicant meets §522B.5(1), including passing appropriate examination unless exempt, but not issued a license within 10 business days after fingerprints and identifying information.
Term
90 days with extensions up to 180 days.
Temporary licensure — survivor
No examination is required for this applicant pathway.
Application
Written request with reason and length.
Commissioner
Must find temporary license necessary to service the insurance business; may restrict authority, require licensed sponsor or revoke to protect insureds.
Eligibility
Surviving spouse or court-appointed personal representative after the licensed producer dies or becomes mentally or physically disabled; for sale, recovery, or training replacements.
Term
90 days with extensions, maximum 180 days; ends on disposal of business.

Official no-examination sources

Effective from 2026-09-22.

Life

Provider
Pearson VUE
Format
Multiple choice; one examination with general and Iowa-specific parts
Exam questions
77 scored questions (50 general, 27 Iowa-specific) plus 10 pretest questions (5 in each part)
Time limit
2 hours
Exam fee
$44
Examination outline
  • I. TYPES OF POLICIES
    • A. Traditional whole life products
    • A.1. Ordinary whole life
    • A.2. Limited-pay and single-premium life
    • B. Interest/market-sensitive/adjustable life products
    • B.1. Universal life
    • B.2. Variable whole life
    • B.3. Variable universal life
    • B.4. Interest-sensitive whole life
    • B.5. Indexed life
    • C. Term life
    • C.1. Types
    • C.1.a. Level
    • C.1.b. Decreasing
    • C.1.c. Return of premium
    • C.1.d. Annually renewable
    • C.2. Special features
    • C.2.a. Renewable
    • C.2.b. Convertible
    • D. Annuities
    • D.1. Single and flexible premium
    • D.2. Immediate and deferred
    • D.3. Fixed and variable
    • D.4. Indexed
    • D.5. Accumulation and Annuity Periods
    • D.6. Payout options
    • E. Combination plans and variations
    • E.1. Joint life (first to die)
    • E.2. Survivorship life (second to die)
  • II. POLICY RIDERS, PROVISIONS, OPTIONS, AND EXCLUSIONS
    • A. Policy riders
    • A.1. Waiver of premium and waiver of monthly deduction
    • A.2. Guaranteed insurability
    • A.3. Payor benefit
    • A.4. Accidental death and/or accidental death and dismemberment
    • A.5. Term riders
    • A.6. Other insureds
    • A.7. Long term care
    • A.8. Return of premium
    • A.9. Disability
    • A.10. Cost of Living
    • B. Policy provisions and options
    • B.1. Entire contract
    • B.2. Insuring clause
    • B.3. Free look
    • B.4. Consideration
    • B.5. Owner’s rights
    • B.6. Beneficiary designations
    • B.6.a. Primary and contingent
    • B.6.b. Revocable and irrevocable
    • B.6.c. Common disaster
    • B.6.d. Minor beneficiaries
    • B.6.e. Designation by class
    • B.7. Premium Payment
    • B.7.a. Modes
    • B.7.b. Grace period
    • B.7.c. Automatic premium loan
    • B.7.d. Level or flexible
    • B.8. Reinstatement
    • B.9. Policy loans, withdrawals, partial surrenders
    • B.10. Non-forfeiture options
    • B.11. Dividends and dividend options (e.g., participating, non-participating)
    • B.12. Incontestability
    • B.13. Assignments
    • B.14. Suicide
    • B.15. Misstatement of age and gender
    • B.16. Settlement options
    • B.17. Accelerated death benefits
    • C. Policy exclusions
    • C.1. War
    • C.2. Aviation
    • C.3. Dangerous Occupation
  • III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICY
    • A. Completing the application
    • A.1. Required signatures
    • A.2. Changes in the application
    • A.3. Consequences of incomplete applications
    • A.4. Warranties and representations
    • A.5. Collecting the initial premium and issuing the receipt
    • A.6. Replacement
    • A.7. Disclosures at point of sale (e.g., HIPAA, HIV consent)
    • A.8. USA PATRIOT Act/anti-money laundering
    • A.9. Gramm-Leach-Bliley Act (GLBA) Privacy
    • B. Underwriting
    • B.1. Insurable interest
    • B.2. Medical information and consumer reports
    • B.3. Fair Credit Reporting Act
    • B.4. Risk classification
    • B.5. Stranger/Investor-owned life insurance (STOLI/IOLI)
    • C. Delivering the policy
    • C.1. When coverage begins
    • C.2. Explaining the policy and its provisions, riders, exclusions, and ratings to the client
    • D. Contract law
    • D.1. Elements of a contract
    • D.1.a. Consideration
    • D.1.b. Offer and Acceptance
    • D.1.c. Competent parties
    • D.1.d. Legal purpose
    • D.2. Unique aspects of the insurance contract
    • D.2.a. Conditional
    • D.2.b. Unilateral
    • D.2.c. Adhesion
    • D.2.d. Aleatory
  • IV. RETIREMENT AND OTHER INSURANCE CONCEPTS
    • A. Third-party ownership
    • B. Life Settlements
    • C. Group life insurance
    • C.1. Conversion privilege
    • C.2. Contributory vs. noncontributory
    • D. Retirement plans
    • D.1. Qualified plans
    • D.2. Nonqualified plans
    • E. Life insurance needs analysis/suitability
    • E.1. Personal insurance needs
    • E.2. Business insurance needs
    • E.2.a. Key person
    • E.2.b. Buy sell
    • F. Social Security benefits
    • G. Tax treatment of insurance premiums, proceeds, and dividends
    • G.1. Individual life
    • G.2. Group life
    • G.3. Modified Endowment Contracts (MECs)
  • I. IOWA LAWS, RULES, AND REGULATIONS COMMON TO ALL LINES
    • A. Insurance Commissioner/Division
    • A.1. Broad powers and duties
    • A.2. Examination of records
    • A.3. Hearings
    • A.4. Penalties
    • A.5. Cease and desist
    • B. Licensing
    • B.1. Applications
    • B.2. Change of address
    • B.3. Licensing examinations
    • B.4. Resident/nonresident
    • B.5. Temporary license
    • B.6. Exemptions
    • B.7. Denial, renewal, termination of licenses
    • B.8. Commissions and referral fees
    • B.9. Company appointments
    • B.10. Continuing education
    • C. Unfair and Deceptive Practices
    • C.1. Unfair discrimination
    • C.2. Misrepresentation
    • C.3. Rebating
    • C.4. False information and advertising
    • C.5. Claims settlement
    • C.6. Defamation
    • C.7. Boycott, coercion and intimidation
    • D. Iowa Insurance Fraud Act
    • E. Producer Responsibilities
    • E.1. Prohibited Acts
    • F. Guaranty Association
    • G. Definitions
    • G.1. Domestic, foreign, alien
    • G.2. Fraternal benefit society
    • G.3. Certificate of Authority
    • I. Insurance Notices and Documents - Electronic Delivery
  • II. IOWA LAWS, RULES, AND REGULATIONS PERTINENT TO LIFE INSURANCE ONLY
    • A. Policy replacement
    • B. Disclosure and solicitation requirements
    • C. Group Life Insurance
    • C.1. Eligibility
    • C.2. Required provisions
    • C.3. Assignability
    • C.4. Conversion
    • C.5. Interest on proceeds
    • D. Individual life and annuities
    • D.1. Policy Loans
    • D.2. Viatical and life settlements
    • D.3. Credit Life
    • D.4. Incontestability period
    • E. Suitability
    • E.1. Life Insurance
    • E.2. Annuities
Examination sources