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Iowa: Insurance Division Rescinds Broad Anti-rebating Bulletin, Issues New Bulletin
NAMIC’s trade association partner, the Iowa Insurance Institute, reports that the Iowa Insurance Division rescinded Bulletin 08-11, which had interpreted the state’s anti-rebating law to forbid the providing to customers of goods or services not specifically provided for in the policy, including those not before seen as rebates. In its place, the Insurance Division issued Bulletin 08-13 that describes guidance that is more specific on what goods and services are allowed.
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