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164 chapters · 3,415 sections in this title.
Iowa Code § 521B.101 Purpose — legislative intent.
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1. The purpose of this chapter is to protect the interests of insureds, claimants, ceding insurers, assuming insurers, and the public generally. 2. The general assembly declares its intent to ensure adequate regulation of insurers and reinsurers and adequate protection for those …
Iowa Code § 521B.101A Definitions.
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For purposes of this chapter , unless the context otherwise requires: 1. “Commissioner” means the commissioner of insurance. 2. “NAIC” means the national association of insurance commissioners. 2020 Acts, ch 1008, §1, 27 Section applies to all cessions under reinsurance agreement…
Iowa Code § 521B.102 Credit allowed certain domestic ceding insurers.
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Credit for reinsurance shall be allowed a domestic ceding insurer as either an asset or a reduction from liability on account of reinsurance ceded only when the reinsurer meets the requirements of subsection 1, 2, 3, 4, 5, 6, or 7 . The commissioner may adopt rules pursuant to se…
Iowa Code § 521B.103 Limited credit allowed other domestic ceding insurers.
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1. An asset or a reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of section 521B.102 , shall be allowed in an amount not exceeding the liabilities carried by the ceding insurer. The commissioner may adopt ru…