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164 chapters · 3,415 sections in this title.
Iowa Code § 515I.1 Purpose.
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1. The purposes of this chapter are to do all of the following: a. Establish a system of regulation which will permit orderly access to surplus lines insurance in this state. b. Encourage admitted insurers to make new and innovative types of insurance available to consumers in th…
Iowa Code § 515I.10 Independently procured surplus lines insurance — premium tax — penalty.
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1. When this state is the home state of the insured, a person who directly procures, continues, or renews a surplus lines insurance policy or contract independently and without using a surplus lines insurance producer on properties, risks, or exposures located or to be performed …
Iowa Code § 515I.11 Violations and penalties.
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1. The commissioner may, after notice and a hearing, declare a surplus lines insurer ineligible to place surplus lines insurance in the state if at any time the commissioner has reason to believe that a surplus lines insurer meets any of the following conditions: a. Is in unsound…
Iowa Code § 515I.12 Cease and desist orders — civil and criminal penalties.
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1. Upon a determination by the commissioner, after a hearing conducted pursuant to chapter 17A , that a surplus lines insurance producer, an eligible surplus lines insurer, or a nonadmitted insurer has violated a provision of this chapter , the commissioner shall reduce the findi…