A reinsurance intermediary, as defined in Iowa Code chapter 521C, is a person, other than an officer or employee of the ceding insurer, who solicits, negotiates, or places reinsurance cessions or retrocessions on behalf of a ceding insurer without the authority or power to bind reinsurance on behalf of the ceding insurer.

All licensed insurance producers in the state of Iowa are eligible to act as a reinsurance intermediary.  Click here to learn how to become a licensed insurance producer in the state of Iowa.  Individuals or entities holding a reinsurance intermediary license in their home state may apply to become a reinsurance intermediary in Iowa by submitting evidence of licensure and a written statement acknowledging their home state has a law identical or substantially similar to Iowa.

 

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If you need assistance, please contact the Iowa Insurance Division.