Title XIII, COMMERCE (Ch. 505 - 554I)

At least thirty calendar days prior to writing primary residential flood insurance in this state, an authorized insurer shall comply with the following requirements: 1. Notify the commissioner of the insurer’s intent to sell primary residential flood insurance. 2. File a plan of …

1. Before placing an applicant whose property is located in a special flood hazard area with private flood insurance, an insurance producer, surplus lines broker, or an authorized insurer upon the authorized insurer’s election or if there is not an insurance producer or surplus l…

1. Notice of cancellation or nonrenewal of private residential flood insurance, other than for nonpayment of premium, shall be made and provided to the policyholder a minimum of forty-five days before the cancellation or nonrenewal of the flood insurance, and in compliance with t…

This chapter shall be known and may be cited as the “Travel Insurance Model Act” . 2022 Acts, ch 1035, §1

The commissioner may adopt rules pursuant to chapter 17A as necessary to implement and administer this chapter . 2022 Acts, ch 1035, §10

As used in this chapter , unless the context otherwise requires: 1. “Aggregator site” means an internet site that provides access to information regarding insurance products, including product and insurer information, that is obtained from more than one insurer for use by consume…

1. a. The commissioner may issue a limited lines travel insurance producer license to a person that has filed an application for a limited lines travel insurance producer license in the form and manner prescribed by the commissioner. b. A limited lines travel insurance producer m…

A travel protection plan may be offered in this state at one price for all features included in the travel protection plan if all of the following are true: 1. The travel protection plan clearly discloses to the purchaser, at or prior to the time of purchase, that the travel prot…

1. All persons offering travel insurance to residents of this state shall be subject to sections 507B.3 and 507B.4 , except as otherwise provided in this section . In the event of a conflict between this chapter and another provision under Title XIII, subtitle 1 , regarding the s…

1. Notwithstanding any provision of Title XIII, subtitle 1 , to the contrary, a person shall not act as, or represent itself as, a travel administrator for travel insurance in this state unless the person meets at least one of the following requirements: a. The person is a licens…

1. Notwithstanding any provision of Title XIII, subtitle 1 , to the contrary, travel insurance shall be classified and filed for purposes of rates and forms under an inland marine line of insurance provided that travel insurance that provides coverage for sickness, accident, disa…

1. An insurer that offers travel insurance shall pay tax on gross premiums, as provided in section 432.1 , on travel insurance premiums paid by any of the following: a. A primary policyholder who is a resident of this state. b. A primary certificate holder who is a resident of th…

1. This chapter shall apply to travel insurance that covers any resident of this state, and travel insurance that is sold, solicited, negotiated, or offered in this state, and to any travel insurance policy or certificate that is delivered or issued for delivery in this state. Th…

All policies insuring the legal liability of the insured, issued in this state by any company, association or reciprocal exchange shall, notwithstanding any other provision of the statutes, contain a provision providing that, in event an execution on a judgment against the insure…

No settlement between said insurer and insured, after loss, shall bar said action unless consented to by said judgment plaintiff. [C35, §9024-g2; C39, § 9024.2; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §516.2 ]

Said action may be brought against said insurer within one hundred eighty days from the entry of judgment in case no appeal is taken, and, in case of appeal, within one hundred eighty days after the judgment is affirmed on appeal, anything in the policy or statutes to the contrar…

1. No automobile liability or motor vehicle liability insurance policy insuring against liability for bodily injury or death arising out of the ownership, maintenance, or use of a motor vehicle shall be delivered or issued for delivery in this state with respect to any motor vehi…

1. a. Except with respect to a policy containing both underinsured motor vehicle coverage and uninsured or hit-and-run motor vehicle coverage, nothing contained in this chapter shall be construed as requiring forms of coverage provided pursuant hereto, whether alone or in combina…

1. For the purpose of this chapter , the term “uninsured motor vehicle” shall, subject to the terms and conditions of the coverage required in this chapter , be deemed to include an insured motor vehicle with respect to which insolvency proceedings have been instituted against th…

In the event of payment to any person under the coverage required by this chapter and subject to the terms and conditions of such coverage, the insurer making such payment shall, to the extent thereof, be entitled to the proceeds of any settlement or judgment resulting from the e…

Commencement of an action by an insured under a provision included in an automobile liability or motor vehicle liability insurance policy pursuant to section 516A.1 tolls the statute of limitations for purposes of the insurer’s subrogated cause of action against a party, as defin…

As used in this chapter , unless otherwise required by the context: 1. “Automobile liability policy” means an insurance policy issued by an insurance carrier authorized to do business in this state to or for the benefit of the person named in the policy as insured against loss fr…

1. The commissioner shall require that insurance companies transacting business in this state reduce the automobile liability insurance premiums charged insureds in this state for liability insurance renewed or issued on or after July 1, 1987. The reduction in insurance premiums,…

1. The commissioner shall require that insurance companies transacting business in this state not consider speeding violations occurring on or after July 1, 1986, but before May 12, 1987, which are for speeding violations for ten miles per hour or less over the legal speed limit …

This chapter shall be known and may be cited as the “Iowa Car Rental and Collision Damage Waiver Act” . 91 Acts, ch 204, §1

This chapter applies to advertising and business practices relating to vehicle rental agreements entered into in this state. 91 Acts, ch 204, §2

As used in this chapter , unless the context requires otherwise: 1. “Authorized driver” means any of the following: a. A customer to whom a vehicle is rented. b. A person expressly listed by a rental company on a rental agreement as an authorized driver. c. A customer’s spouse, i…

1. A rental company may include separately stated charges in a rental agreement pursuant to the provisions of this chapter for the recovery of fees paid to this state to license, title, register, and plate rental vehicles. 2. If a rental company includes a vehicle license recover…

1. a. A rental company shall not hold, or attempt to hold, an authorized driver liable for physical damage to a rental vehicle, loss due to theft of a rental vehicle, or damages resulting from the loss of use of a rental vehicle, unless the rental company offers the customer a co…

A claim against an authorized driver resulting from damage to a rental vehicle, loss due to theft of a rental vehicle, or damages resulting from the loss of use of a rental vehicle, must be reasonably and rationally related to the actual loss incurred. A rental company shall miti…

1. All material restrictions on an advertised rate or on the use of the rental vehicle must be clearly and conspicuously disclosed in any price advertisement. 2. A rental company shall only advertise, quote, and charge a rental rate that includes all mandatory charges. A rental c…

Unfair or deceptive acts or practices in the advertisement or rental of vehicles are prohibited. Unfair or deceptive acts or practices include, but are not limited to, the following: 1. A representation connected with the advertisement or rental of a vehicle that the purchase of …

The attorney general shall prescribe forms and adopt rules pursuant to chapter 17A as necessary to administer this chapter . 91 Acts, ch 204, §8

A violation of this chapter or any rules adopted by the attorney general pursuant to this chapter is a violation of section 714.16, subsection 2 , paragraph “a” . The provisions of section 714.16 , including, but not limited to, provisions relating to investigation, injunctive re…

Every corporation, association, company, or reciprocal exchange writing any of the several classes of insurance authorized by section 515.48, subsection 5 , paragraph “d” , shall maintain reserves for outstanding losses under insurance against loss or damage from accident to or i…

As used in this chapter , unless the context otherwise requires: 1. a. “Earned premiums” shall include gross premiums charged on all policies written, including all determined excess and additional premiums, less returned premiums, other than premiums returned to policyholders as…

1. a. All unallocated liability loss expense payments made in a given calendar year subsequent to the first four years in which an insurer has been issuing liability policies shall be distributed as follows: (1) Thirty-five percent shall be charged to the policies written in that…

Each insurer that writes liability or compensation policies shall include in the annual statement required by law a schedule of its experience thereunder in such form as the commissioner of insurance may prescribe. [C24, 27, 31, 35, 39, § 9028; C46, 50, 54, 58, 62, 66, 71, 73, 75…

No inspection of any place of employment made by insurance company inspectors or other inspectors inspecting for group self-insurance purposes shall be the basis for the imposition of civil liability upon the inspector or upon the insurance company employing the inspector or upon…

An insurer intending to issue a policy providing employers’ liability insurance only and covering a corporate officer excluded from workers’ compensation coverage by the signing of a written rejection of workers’ compensation coverage under section 87.22 , shall file the policy w…

1. All state commissions, departments, boards, and agencies and all commissions, departments, boards, districts, municipal corporations, and agencies of all political subdivisions of the state of Iowa not otherwise authorized are hereby authorized and empowered to purchase and pa…

Corporations formed to operate as county mutual insurance associations shall be governed by the provisions of chapter 491 , except as modified by the provisions of this chapter . [C66, 71, 73, 75, 77, 79, 81, §518.1 ]

The territory of any association shall be limited to the county in which its principal place of business is located, and to the counties contiguous thereto, and no coverage shall be placed on property located outside of this territory; provided, however, that the insurance may be…

1. Any association organized under this chapter is authorized to insure or to accept reinsurance against loss or damage by: a. Any peril or perils resulting in physical loss or damage to property; b. Theft of personal property; c. Injury, sickness or death of animals and the furn…

County mutual insurance associations are permitted to insure only the following classes of property: 1. Farm property, including residences and other farm buildings and all classes of personal property in connection therewith; 2. Buildings and personal property used in the proces…

Any association may by action of its board of directors establish premium charges for the purpose of payment of losses and expenses and for the establishment or maintenance of a reserve fund. [C66, 71, 73, 75, 77, 79, 81, §518.13 ] 2009 Acts, ch 145, §28