R590-245-4. Licensing and Renewal

(1) A person involved in the sale, solicitation, or negotiation of self-service storage insurance must be licensed pursuant to Title 31A, Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries, and this rule. (2) A self-service storage insurance license is issued for a two-year period and does not require examination or continuing education. (3) A self-service storage insurance license must be renewed at the end of the two-year licensing period pursuant to Title 31A, Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries, and this rule. (4) A self-service storage insurance license may be held by a self-service storage facility or a franchisee of a self-service storage facility. (5) An individual licensed under this rule shall: (a) be appointed by an insurance company underwriting the insurance policy the individual sells; or (b) be designated to act by an agency licensed under this rule. (6) An agency licensed under this rule shall: (a) be appointed by an insurance company underwriting the insurance policies the agency sells; and (b) designate a licensed individual to be responsible for the regulatory compliance of the agency. (7)(a) An agency licensed under this rule may employ non-licensed personnel as a self-service storage counter sales representative to sell, solicit, or negotiate self-service storage insurance. (b) Any non-licensed employee shall: (i) be trained and supervised in the sale of a self-service storage insurance product; and (ii) be responsible to a licensed individual designated by the agency. (8) A self-service storage facility, or a franchisee of a self-service storage facility, may not offer or sell self-service storage insurance unless it complies with the requirements of this rule and is licensed by the commissioner.