Motor Vehicle Service Contracts (MVSC)

Motor Vehicle Service Company Registration Renewal Procedures

For Motor Vehicle Service Company renewals due by August 1, 2015, some incomplete filings have been accepted and renewed. However, any registration requests filed on or after August 1, 2015 will be subject to all the submission requirements under Iowa Code Section 516E (below).

In addition, The Iowa Insurance Division – Securities and Regulated Industries Bureau will be conducting audits this year on registrations that were recently renewed. As a part of the audit, we will be requesting the items listed below that we do not currently have.

For 2016 registration renewals, all the required items will be needed before a registration renewal is issued. Incomplete registration applications will not be renewed.

Below are some links we hope you will find helpful.  If you have any questions regarding the registration requirements outlined below, please don’t hesitate to contact Valerie Wedgeworth at 515-725-1214 or Melanie Fegter at 515-242-5310. 

Below you will find a link to SBS that shows how to get into our system to submit reports and documents for registration renewals.  For questions regarding this SBS uploading system, please call Myra Ball at 515-281-7757 or Jannae Lutter at 515-281-7760. 


Summary of the submission requirements:

1. Registration and filing fee of $500.00 (516E.2). 
2. Annual report  – must include a list of service providers (516E.3)
3. Reimbursement insurance policy – contractual liability (including something in writing indicating the policy is still in effect if the date is not current within the past twelve months.
4. A surety bond in the amount of $100,000 (or security deposit trust fund) – if a contractual liability insurance policy isn’t available. (516E.21) 
5. Service current service contract(s) with required contract provisions (516E.5)

Iowa Code Chapter 516E regarding Motor Vehicle Service Contracts. 


Forms

  • Motor Vehicle Service Contract (MVSC) "PROVIDER" (for initial registration and renewal filings

A "Provider" is a person/business that sells or offers to sell service contracts. Providers are distinguished from "Service Companies" in that Service Companies issue and are obligated to pay on claims made under the service contracts. Iowa Code Chapter 516E requires each provider to complete and file this form and filing fee not later than August 1st of each year.

Annual Report by a Motor Vehicle Service Contract "PROVIDER"  (right-click and save either the Excel 97-2003 or Excel 2007* file to your computer before opening; do not open directly in web browser)

*Some Excel 2007 users have found it necessary to click "New Window" on the View ribbon to get the spreadsheet to appear correctly. This screen shot shows the View ribbon and the "New Window" button.

SBS Connect Account Set-Up and Report Submission
Click to create an account, register your Motor Vehicle Service Contract "PROVIDER", and submit the Annual Report by a Motor Vehicle Service Contract "PROVIDER".


  • Motor Vehicle Service Contract (MVSC) "SERVICE COMPANY" (for initial registration and renewal filings)

A "Service Company" is a person/business that issues service contracts and is obligated to perform, or arrange for the performance of, services pursuant to a service contract. Iowa Code Chapter 516E requires each Service Company to register with the Iowa Securities & Regulated Industries Bureau. To do so, all Service Companies shall complete and file this form and pay a filing fee of $500 not later than August 1, 2009.

Annual Report by a Motor Vehicle Service Contract "SERVICE COMPANY" (right-click and save either the) Excel 97-2003 or Excel 2007* file to your computer before opening; do not open directly in web browser)

*Some Excel 2007 users have found it necessary to click "New Window" on the View ribbon to get the spreadsheet to appear correctly. This screen shot shows the View ribbon and the "New Window" button

SBS Connect Account Set-Up and Report Submission

Click to create an account, register your Motor Vehicle Service Contract "SERVICE COMPANY" and submit the Annual Report by a Motor Vehicle Service Contract "SERVICE COMPANY".