Hawkeye State insurance regulators have come out with new guidance on handling concerns about rebates.
The Iowa Insurance Division has addressed anti-rebating rules in Iowa Bulletin 08-15.
Bulletin 08-15, which applies to insurers and producers in the individual life and health markets as well as in the individual property-casualty market, upholds a portion of an earlier anti-rebating bulletin, Bulletin 08-13, but rescinds another portion of Bulletin 08-13.
Iowa officials note that they will continue to permit insurers and producers to engage in many traditional marketing activities without accusing them of violating anti-rebating rules.
Marketers can continue to sponsor events and to treat existing clients to meals or sporting events, officials write in the bulletin.