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Can you summarize 491 IAAC 11.13?
GAMBLING GAMES > Licensing of manufacturers and distributors of gambling games or implements of gambling.
Short Summary
This legal document pertains to the licensing of manufacturers and distributors of gambling games or implements of gambling. It applies to manufacturers and distributors in the gambling industry. The document outlines the factors that will be considered when determining the qualifications of an applicant, including financial stability, business ability and experience, good character and reputation, integrity of financial backers, and impact on the Iowa economy. The application procedure is also described, including the requirement to disclose ownership interests, pay investigative fees, and provide various documents such as articles of incorporation, partnership agreements, and distribution agreements. The document emphasizes the importance of record keeping and compliance with laws and regulations. Violation of any provision may result in penalties such as revocation of license eligibility, fines, or suspension. Overall, this document sets out the requirements and procedures for obtaining and maintaining a license as a manufacturer or distributor of gambling games or implements of gambling in Iowa.
Whom does it apply to?
Manufacturers and distributors of gambling games or implements of gambling
What does it govern?
Licensing of manufacturers and distributors of gambling games or implements of gambling
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Revocation of license eligibility, fine, or suspension
Jurisdiction
Iowa