523A.504 - APPOINTMENT OF SALES AGENTS -- FEE. - Iowa Statutes

523A.504 APPOINTMENT OF SALES AGENTS -- FEE. 1. A person shall not sell or offer to furnish cemetery merchandise, funeral merchandise, funeral services, or a combination thereof when performance or delivery may be more than one hundred twenty days following initial payment on the account except through a sales agent who holds a sales license issued pursuant to section 523A.502. If a person holding a preneed seller's license appoints a sales agent to act on behalf of the preneed seller, the person shall file a notice of such appointment with the commissioner within thirty days of the appointment, in a format approved by the commissioner, and annually thereafter. 2. A preneed seller shall pay an annual fee of five dollars for each sales agent appointed by the preneed seller, which fee shall be submitted with the annual report. Fees collected under this subsection shall be deposited as provided in section 505.7.          Section History: Recent Form 2007 Acts, ch 175, §20; 2009 Acts, ch 181, §95          Footnotes For future repeal of 2009 amendment to subsection 2, effective July 1, 2011, see 2009 Acts, ch 179, §146