Third-party administrators collect charges of premiums in connection with life insurance coverage, health insurance coverage, and/or annuities. Third-party administrators may also adjust or settle claims for Iowa residents.
Third-party administrators that are licensed or registered in another state may go online to the National Insurance Producer Registry (NIPR) to apply for a certificate of registration with the Iowa Insurance Division.
Those third-party administrators that are not licensed or registered in another state must complete the Uniform Application for Business Entity License/Registration and mail the required information with payment to the Iowa Insurance Division. Upon receipt by the Iowa Insurance Division, notification of approval is generally sent via email within 5-10 business days.