reglab/housing_qa huggingface dataset:
IA Code § 515D.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.7 - Notice of intent.

515D.7 Notice of intent.   1. Notwithstanding the provisions of sections 515.125, 515.128, 515.129B, and 515.129C, an insurer shall not fail to renew a policy except by notice to the insured as provided in this chapter. A notice of intention not to renew shall not be effective unless mailed or delivered by the insurer to the named insured at least thirty days prior to the expiration date of the policy. A post office department certificate of mailing to the named insured at the address shown in the policy shall be proof of receipt of such mailing. Unless the reason accompanies the notice of intent not to renew, the notice shall state that, upon written request of the named insured, mailed or delivered to the insurer not less than thirty days prior to the expiration date of the policy, the insurer will state the reason for nonrenewal.   2. When the reason does not accompany the notice of intent not to renew, the insurer shall, upon receipt of a timely request by the named insured, state in writing the reason for nonrenewal, together with notification of the right to a hearing before the commissioner within fifteen days as provided herein. A statement of reason shall be mailed or delivered to the named insured within ten days after receipt of a request.   3. This section shall not apply:   a. If the insurer has manifested its willingness to renew.   b. If the insured fails to pay any premium due or any advance premium required by the insurer for renewal.   c. If the insured is transferred from an insurer to an affiliate for future coverage as a result of a merger, acquisition, or company restructuring and if the transfer results in the same or broader coverage.  [C71, 73, 75, 77, 79, 81, §515D.7]  88 Acts, ch 1112, §602; 2002 Acts, ch 1111, §23; 2007 Acts, ch 152, §80; 2011 Acts, ch 70, §33  Referred to in §515D.8
IA Code § 515D.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.8 - Duplicate coverage.

515D.8 Duplicate coverage.   If an insured obtains a second policy which provides equal or more extensive coverage for any vehicle designated in both policies, the first policy’s coverage of such vehicle may be terminated by failure to renew as of the effective time and date of the second policy, whether or not the first policy insurer complies with all provisions of section 515D.7.  [C71, 73, 75, 77, 79, 81, §515D.8]
IA Code § 515D.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.9 - Renewal not a waiver or estoppel.

515D.9 Renewal not a waiver or estoppel.   Renewal of a policy shall not constitute a waiver or estoppel with respect to grounds for cancellation which existed before the effective date of renewal.  [C71, 73, 75, 77, 79, 81, §515D.9]
IA Code § 515D.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.10 - Hearing before commissioner.

515D.10 Hearing before commissioner.   Any named insured who has received a statement of reason for cancellation, or of reason for an insurer’s intent not to renew a policy, may, within fifteen days of the receipt or delivery of a statement of reason, request a hearing before the commissioner of insurance. The purpose of this hearing shall be limited to establishing the existence of the proof or evidence used by the insurer in its reason for cancellation or intent not to renew. The burden of proof of the reason for cancellation or intent not to renew shall be upon the insurer. Other than the sharing of information required by this chapter and the rules adopted pursuant to the provisions of this chapter, the commissioner shall keep confidential the information obtained from the insured or in the hearing process, pursuant to section 505.8, subsection 8. The commissioner of insurance shall adopt rules for carrying out the provisions of this section.  [C71, 73, 75, 77, 79, 81, §515D.10]  2003 Acts, ch 91, §45  Referred to in §515D.5
IA Code § 515D.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.11 - Insured told of alternate coverage.

515D.11 Insured told of alternate coverage.   When automobile bodily injury and property damage liability coverage is canceled or not renewed, other than for nonpayment of premium, the insurer shall notify the named insured of the insured’s possible eligibility for automobile liability insurance through the Iowa automobile insurance plan. Such notice shall accompany the notice of cancellation or intent not to renew.  [C71, 73, 75, 77, 79, 81, §515D.11]
IA Code § 515D.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.12 - Immunity of liability.

515D.12 Immunity of liability.   There shall be no liability on the part of, and no cause of action of any nature shall arise against the commissioner of insurance or any employee of the division or against any insurer, its authorized representatives, its agents, its employees, or against any firm, person, or corporation furnishing to the insurer information as to reasons for cancellation or intent not to renew, for any statement made by any of them in any written notice of cancellation or notice of intent not to renew or in any other communication, oral or written, specifying the reasons for cancellation or intent not to renew, or for any information provided or evidence submitted at any hearings conducted in connection with reasons for cancellation or intent not to renew.  [C71, 73, 75, 77, 79, 81, §515D.12]
IA Code § 515E.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.1 - Purpose — federal Act defined.

515E.1 Purpose — federal Act defined.   The purpose of this chapter is to regulate the formation and operation in this state of risk retention groups formed pursuant to the Product Liability Risk Retention Act of 1981, 15 U.S.C. §3901 et seq., or the Risk Retention Amendments of 1986, Pub. L. No. 99-563. As used in this chapter, “federal Act” means the Product Liability Risk Retention Act of 1981 as amended.  88 Acts, ch 1111, §2
IA Code § 515E.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.3 - Risk retention groups organized in this state.

515E.3 Risk retention groups organized in this state.   1. To be organized as a risk retention group in this state, the group must be organized and licensed as a liability insurance company authorized by the insurance laws of this state. Except as provided elsewhere in this chapter, a risk retention group organized in this state must comply with all of the laws, rules, and requirements applicable to a liability insurer organized in this state. Additionally, a risk retention group organized in this state must comply with section 515E.4. These requirements do not exempt a risk retention group from a duty imposed by any other law or rule of the state. Before it may offer insurance in any state, a risk retention group shall also submit for approval to the commissioner of insurance of this state a plan of operation or a feasibility study, and revisions of the plan or study within ten days of any change. The name under which a risk retention group may be chartered and licensed shall be a brief description of its membership followed by the phrase “risk retention group” and, unless its membership consists solely of insurers, shall not include the terms “insurance”, “mutual”, “reciprocal”, or any similar term. A risk retention group chartered in this state shall file with the division and the national association of insurance commissioners an annual statement blank prepared in accordance with instructions prescribed by the commissioner. All financial information reflected in the annual statement shall be kept and prepared in accordance with accounting practices and procedures prescribed by the commissioner. The commissioner may adopt by reference the annual statement handbook and the accounting practices and procedures manual of the national association of insurance commissioners.   2. A risk retention group organized in this state shall file in the office of the commissioner a power of attorney and an agreement in writing that service of process in any action or proceeding against the society may be made on the commissioner and shall be of the same legal force and validity as if made upon the society, and that the authority shall continue in force so long as any liability remains outstanding in this state. Copies of the power of attorney, certified by the commissioner, shall be deemed sufficient evidence of the appointment and shall be admitted in evidence with the same force and effect as the original. Service of process made on the commissioner as the attorney for service of process shall be made as provided in section 505.30.  88 Acts, ch 1111, §4; 92 Acts, ch 1162, §43; 2003 Acts, ch 91, §46; 2018 Acts, ch 1018, §9  Referred to in §515E.4
IA Code § 515E.3A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.3A - Foreign risk retention group may become domestic.

515E.3A Foreign risk retention group may become domestic.   1. A risk retention group that is organized under the laws of any other state for the purpose of writing insurance, as authorized by this chapter, may redomesticate to this state by doing all of the following:   a. Complying with section 490.902.   b. Complying with all of the requirements of law relative to the organization and licensing of a domestic risk retention group and the capital and surplus requirement set forth in subsection 4.   c. Designating its principal place of business in this state.   2. A risk retention group that meets the requirements of subsection 1 shall be entitled to a certificate of its corporate existence and a license to transact business in this state, and be subject in all respects to the authority and jurisdiction of this state.   3. The certificate of authority, producer appointments and licenses, rates, and other items which are in existence at the time a risk retention group transfers its corporate domicile to this state pursuant to this section shall continue in full force and effect upon such transfer. For purposes of existing authorizations and all other corporate purposes, the risk retention group is deemed to be the same entity as it was prior to the transfer of its domicile. All outstanding policies of any transferring risk retention group shall remain in full force and effect.   4. A risk retention group redomesticating to this state pursuant to this chapter shall comply with the minimum capital and surplus requirements of chapter 521E or five million dollars, whichever is greater. If the risk retention group’s prior domestic regulator allowed the use of letters of credit to meet that regulator’s surplus requirements, the risk retention group may continue to use the letters of credit to meet this state’s minimum surplus requirements for up to five years from the date of redomestication in this state. The risk retention group shall eliminate a minimum of twenty percent of the letters of credit being used each year based upon the aggregate amount of letters of credit being used to meet surplus requirements at the time of redomestication in this state.   5. Letters of credit used by a risk retention group to meet surplus requirements shall be clean, irrevocable, and unconditionally issued or confirmed by a qualified United States financial institution as defined in section 521B.104, subsection 2. The beneficiary of each letter of credit being used shall be the commissioner.   6. If a risk retention group redomesticating to this state fails to comply with the provisions of this section, the commissioner shall take action as prescribed in chapter 507C.   7. The commissioner shall adopt rules pursuant to chapter 17A to implement this section.  2006 Acts, ch 1117, §72; 2013 Acts, ch 39, §10, 11
IA Code § 515E.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.5 - Compulsory associations.

515E.5 Compulsory associations.   A risk retention group shall not join or contribute financially to an insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall a risk retention group, or its insureds, receive any benefit from an insurance insolvency guaranty fund, or similar mechanism, in this state, for claims arising out of the operations of the risk retention group.  88 Acts, ch 1111, §6
IA Code § 515E.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.6 - Countersignatures not required.

515E.6 Countersignatures not required. Repealed by 98 Acts, ch 1057, §13.
IA Code § 515E.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.7 - Purchasing groups exemptions.

515E.7 Purchasing groups exemptions.   A purchasing group which meets the criteria established under the federal Act is exempt from any law of this state relating to the creation of groups for the purchase of insurance, the prohibition of group purchasing, or any law that would discriminate against a purchasing group or its members. An insurer is exempt from any law of this state which prohibits providing, or offering to provide, to a purchasing group or its members advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages, or other matters. A purchasing group is subject to all other applicable laws.  88 Acts, ch 1111, §8; 98 Acts, ch 1057, §11
IA Code § 515E.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.8 - Purchasing groups — requirements.

515E.8 Purchasing groups — requirements.   1. A purchasing group which intends to do business in this state shall, prior to doing business, furnish notice to the commissioner which notice shall include all of the following:   a. The state in which the group is domiciled and all states in which the group does or intends to do business.   b. The lines and classifications of liability insurance which the purchasing group intends to purchase.   c. The insurance company from which the group intends to purchase its insurance and the domicile of that company.   d. The principal place of business of the group.   e. The method by which, and the person or persons, if any, through whom insurance will be offered to its members whose risks are resident or located in this state.   f. Other information as required by the commissioner to verify that the purchasing group is qualified under section 515E.2, subsection 10.   g. The commissioner may require the notice to be in a form prescribed by the national association of insurance commissioners.   2. A purchasing group, within ten days of any changes in any of the items set forth in subsection 1, shall notify the commissioner of the changes.   3. The purchasing group shall register with and designate the commissioner as its agent solely for the purpose of receiving service of legal documents or process, for which a filing fee determined by the commissioner shall be paid, except that the requirements do not apply in the case of a purchasing group to which all of the following apply:   a. It was domiciled before April 2, 1986, and is domiciled on and after October 27, 1986, in any state of the United States.   b. Before and since October 27, 1986, it purchased insurance from an insurance carrier licensed in any state.   c. It was a purchasing group under the requirements of the Product Liability Risk Retention Act of 1981 before October 27, 1986.   d. It does not purchase insurance that was not authorized for purposes of an exemption under that Act, as in effect before October 27, 1986.  88 Acts, ch 1111, §9; 92 Acts, ch 1162, §44
IA Code § 515E.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.9 - Purchasing group restrictions.

515E.9 Purchasing group restrictions.   A purchasing group shall not purchase insurance from an insurer not admitted in this state unless the purchase is effected through a duly licensed insurance producer acting pursuant to chapter 515I.  88 Acts, ch 1111, §10; 90 Acts, ch 1234, §44; 2007 Acts, ch 152, §81; 2012 Acts, ch 1025, §19, 22
IA Code § 515E.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.10 - Commissioner’s administrative and procedural authority.

515E.10 Commissioner’s administrative and procedural authority.   1. The commissioner may make use of any of the powers established under the laws of this state to enforce the laws of this state so long as those powers are not specifically preempted by the federal Act, including but not limited to, the commissioner’s authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders, impose penalties, and seek injunctive relief. With regard to an investigation, administrative proceeding, or litigation, the commissioner may rely on the procedural law and rules of the state.   2. A risk retention group or purchasing group operating under this chapter shall be considered a person for purposes of chapter 507B.  88 Acts, ch 1111, §11; 93 Acts, ch 88, §25
IA Code § 515E.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.11 - Penalties.

515E.11 Penalties.   A risk retention group which violates a provision of this chapter is subject to fines and penalties applicable to licensed insurers generally, including revocation of the group’s license and of the right to do business in this state.  88 Acts, ch 1111, §12
IA Code § 515E.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.12 - License required for agents and brokers.

515E.12 License required for agents and brokers.   A person acting, or offering to act, as an agent or broker for a risk retention group or purchasing group, which solicits members, sells or procures insurance coverage, purchases coverage for its members located within the state, or otherwise does business in this state shall, before commencing any such activity, obtain a license from the commissioner.  88 Acts, ch 1111, §13
IA Code § 515E.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.13 - Effect of federal district court orders.

515E.13 Effect of federal district court orders.   An order issued by a district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating, in any state, or in all states, or in any territory or possession of the United States, upon a finding that such a group is in a hazardous or impaired financial condition, is enforceable in the courts of this state.  88 Acts, ch 1111, §14
IA Code § 515E.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS|Section 515E.14 - Rules.

515E.14 Rules.   The commissioner may establish and from time to time amend rules relating to risk retention groups as necessary or desirable to carry out the provisions of this chapter.  88 Acts, ch 1111, §15
IA Code § 515F.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515F - CASUALTY INSURANCE|Section 515F.1 - Purpose of chapter.

515F.1 Purpose of chapter.   1. The purpose of this chapter is to promote the public welfare by regulating insurance rates so they are not excessive, inadequate, or unfairly discriminatory, and to authorize and regulate limited cooperative action among insurers in ratemaking-related activities and in other matters within the scope of this chapter. This chapter is not intended to:   a. Prohibit or discourage reasonable competition.   b. Prohibit or encourage, except to the extent necessary to accomplish its purpose, uniformity in rating systems, rating plans, or practices.   2. This chapter shall be liberally interpreted to carry into effect the provisions of this section.  90 Acts, ch 1234, §45  Referred to in §515F.23
IA Code § 515F.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515F - CASUALTY INSURANCE|Section 515F.3 - Scope of chapter.

515F.3 Scope of chapter.   1. This chapter applies to all forms of casualty insurance, including fidelity, surety, and guaranty bonds, including but not limited to all forms of fire and inland marine insurance, and to any combination of any of the foregoing, on risks or operations located in this state.   2. Except as otherwise provided in specific subchapters of this chapter, this chapter does not apply to:   a. Reinsurance, other than statutorily authorized joint reinsurance mechanisms to the extent stated in section 515F.13.   b. Accident and health insurance.   c. Insurance of vessels or craft, their cargoes, marine builders’ risks, marine protection and indemnity, or other risks commonly insured under marine, excluding inland marine insurance, as determined by the commissioner.   d. Workers’ compensation insurance.   e. Surplus lines insurance.   f. Insurance written by a county or state mutual insurance association as provided in chapter 518 or 518A.  90 Acts, ch 1234, §47; 2000 Acts, ch 1023, §32; 2002 Acts, ch 1111, §24; 2003 Acts, ch 119, §10, 11; 2012 Acts, ch 1023, §157; 2017 Acts, ch 54, §76  Referred to in §515F.21, 515F.23
IA Code § 515F.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515F - CASUALTY INSURANCE|Section 515F.4 - Rate standards.

515F.4 Rate standards.   Rates shall be made in accordance with the following:   1. Rates shall not be excessive, inadequate, or unfairly discriminatory.   2. Due consideration may be given to past and prospective loss experience within and outside this state; to the conflagration and catastrophe hazards; to a reasonable margin for profit and contingencies; to dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers; to past and prospective expenses both within and outside this state; and to all other relevant factors within and outside this state; and in the case of fire insurance rates, consideration shall be given to the experience of the fire insurance business during a period of not less than the most recent five-year period for which experience data is available.   3. Risks may be grouped by classifications for the establishment of rates and minimum premiums. Classification rates may be modified to produce rates for individual risks in accordance with rating plans which establish standards for measuring variations in hazards or expense provisions, or both. Standards may measure any differences among risks that can be demonstrated to have a probable effect upon losses or expenses. A risk classification, however, shall not be based upon race, creed, national origin, or the religion of the insured.   4. The expense provisions included in the rates to be used by an insurer shall reflect to the extent possible the operating methods of the insurer and its anticipated expenses.   5. The rates may contain a provision for contingencies and an allowance permitting a reasonable profit. In determining the reasonableness of the profit, consideration shall be given to investment income attributable to unearned premium and loss reserves.  90 Acts, ch 1234, §48; 2006 Acts, ch 1117, §73  Referred to in §515F.5, 515F.15, 515F.23, 515F.24, 515F.25