Posted: 3/6/2012
Iowa: Legislators Referee Dispute Among P/C Carriers, Agents, Lenders on Requirements for Certificates in Commercial Lending Arena
For more than 18 months property/casualty carriers and lenders have engaged in a debate on the rules for insurance certificates. The lenders, mainly banks and life companies, want to impose requirements that the property/casualty carriers find objectionable and are not the law elsewhere. The agents are also involved.