reglab/housing_qa huggingface dataset:
IA Code § 507.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507 - EXAMINATION OF INSURANCE COMPANIES|Section 507.6 - Conflict of interest.

507.6 Conflict of interest.   1. An examiner shall not be appointed by the commissioner if the examiner, either directly or indirectly, has a conflict of interest or is affiliated with the management of or owns a pecuniary interest in any person subject to examination under this chapter. This section shall not be construed to automatically preclude an examiner from being any of the following:   a. A policyholder or claimant under an insurance policy.   b. A grantor of a mortgage or similar instrument on the examiner’s residence to a regulated entity if done under customary terms and in the ordinary course of business.   c. An investment owner in shares of regulated diversified investment companies.   d. A settlor or beneficiary of a blind trust into which any otherwise impermissible holdings have been placed.   2. Notwithstanding the requirements of subsection 1, the commissioner may retain from time to time, on an individual basis, qualified actuaries, certified public accountants, or other similar individuals who are independently practicing their professions, even though the persons may from time to time be similarly employed or retained by persons subject to examination under this chapter.  [C24, 27, 31, 35, 39, §8630; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.6]  92 Acts, ch 1117, §4  Referred to in §87.11C
IA Code § 507.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507 - EXAMINATION OF INSURANCE COMPANIES|Section 507.7 - Expenses.

507.7 Expenses.   Said examiners and assistants and the said commissioner shall receive actual and necessary traveling, hotel, and other expenses while engaged in conducting examinations away from their respective places of residence.  [S13, §1821-c; C24, 27, 31, 35, 39, §8631; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.7]  Referred to in §87.11C, 505.7, 521A.6
IA Code § 507.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507 - EXAMINATION OF INSURANCE COMPANIES|Section 507.8 - Payment by company.

507.8 Payment by company.   The commissioner shall upon the completion of an examination, or at such regular intervals prior to completion as the commissioner determines, prepare an account of the costs incurred in performing and preparing the report of such examinations which shall be charged to and paid by the companies examined, and upon failure or refusal of any company examined to pay such bill or bills, the same may be recovered in an action brought in the name of the state, and the commissioner may also revoke the certificate of authority of such company to transact business within this state.  [S13, §1821-c; C24, 27, 31, 35, 39, §8632; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.8]  88 Acts, ch 1112, §302  Referred to in §505.7, 507.4, 508E.7
IA Code § 507.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507 - EXAMINATION OF INSURANCE COMPANIES|Section 507.9 - Fees — accounting.

507.9 Fees — accounting.   All fees collected under the provisions of this chapter shall be paid to the commissioner of insurance and shall be turned in to the state treasury for deposit as provided in section 505.7.  [S13, §1821-c; C24, 27, 31, 35, 39, §8633; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.9]  2009 Acts, ch 181, §64  Referred to in §505.7, 507.4, 508E.7  Deposit of fees, §12.10
IA Code § 507.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507 - EXAMINATION OF INSURANCE COMPANIES|Section 507.12 - Procedure against life companies.

507.12 Procedure against life companies.   In case of companies organized under the provisions of chapter 508, the officers shall proceed as provided in sections 508.18 and 508.19.  [S13, §1821-d; C24, 27, 31, 35, 39, §8636; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.12]  91 Acts, ch 26, §57  Referred to in §511.23
IA Code § 507.15 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507 - EXAMINATION OF INSURANCE COMPANIES|Section 507.15 - Transfer pending examination.

507.15 Transfer pending examination.   Any transfer of stock of any company, pending an investigation, shall not release the party making the transfer from any liability for losses that may have occurred previous to such transfer.  [S13, §1821-e; C24, 27, 31, 35, 39, §8639; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.15]
IA Code § 507.16 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507 - EXAMINATION OF INSURANCE COMPANIES|Section 507.16 - Unlawful solicitation of business.

507.16 Unlawful solicitation of business.   It shall be unlawful for any officer, manager, agent, or representative of any insurance company contemplated by this chapter, who, with knowledge that its certificate of authority has been suspended or revoked, or that it is insolvent, or is doing an unlawful or unauthorized business, to solicit or receive applications for insurance for the company, or to do any other act or thing toward receiving or procuring any new business for the company. The provisions of sections 505.7A and 511.17 are extended to all companies contemplated by this chapter.  [S13, §1821-f; C24, 27, 31, 35, 39, §8640; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.16]  2004 Acts, ch 1110, §18; 2007 Acts, ch 126, §89
IA Code § 507.17 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507 - EXAMINATION OF INSURANCE COMPANIES|Section 507.17 - Immunity from liability.

507.17 Immunity from liability.   1. A cause of action does not arise nor shall any liability be imposed against the commissioner, the commissioner’s authorized representative, or any examiner appointed by the commissioner for any statements made or conduct performed in good faith while carrying out the provisions of this chapter.   2. A cause of action does not arise, nor shall any liability be imposed against any person for the act of communicating or delivering information or data to the commissioner or the commissioner’s authorized representative, or an examiner pursuant to an examination made under this chapter, if the act of communication or delivery was performed in good faith and without fraudulent intent or the intent to deceive.   3. This section does not abrogate or modify in any way any common law or statutory privilege or immunity enjoyed by any person identified in subsection 1.   4. A person identified in subsection 1 is entitled to an award of attorney’s fees and costs if the person is the prevailing party in a civil cause of action for libel, slander, or any other relevant tort arising out of activities in carrying out the provisions of this chapter and the party bringing the action was not substantially justified in doing so. For purposes of this section, a proceeding is substantially justified if the proceeding has a reasonable basis in law or fact at the time that it is initiated.  [S13, §1821-g; C24, 27, 31, 35, 39, §8641; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.17]  92 Acts, ch 1117, §7
IA Code § 507A.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507A - UNAUTHORIZED INSURERS|Section 507A.1 - Title.

507A.1 Title.   This chapter may be cited as the “Iowa Unauthorized Insurers Act”.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507A.1]
IA Code § 507A.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507A - UNAUTHORIZED INSURERS|Section 507A.2 - Purpose.

507A.2 Purpose.   1. The purpose of this chapter is to subject certain persons and insurers to the jurisdiction of the insurance commissioner and the courts of this state in suits by or on behalf of the state and insureds or beneficiaries under insurance contracts. The general assembly hereby declares that it is a subject of concern that many residents of this state hold policies of insurance issued by persons and insurers not authorized to do insurance business in this state, thus presenting to such residents the often insuperable obstacle of asserting their legal rights under such policies in forums foreign to them under laws and rules of practice with which they are not familiar. The general assembly further declares that it is also concerned with the protection of residents of this state against acts by persons and insurers not authorized to do an insurance business in this state, by the maintenance of fair and honest insurance markets, by protecting the premium tax revenues of this state, by protecting authorized persons and insurers which are subject to regulation from unfair competition by unauthorized persons and insurers, and by protecting against the evasion of the insurance regulatory laws of this state.   2. In furtherance of such state interest, in this chapter the general assembly provides methods for substituted service of process upon such persons or insurers in any proceeding, suit or action in any court and substitute service of any notice, order, pleading, or process upon such persons or insurers in any proceeding before the commissioner of insurance to enforce or effect full compliance with the insurance and tax laws of this state. In so doing, the state exercises its powers to protect residents of this state and to define what constitutes doing an insurance business in this state, and also exercises powers and privileges available to this state by virtue of Pub. L. No. 79-15, 79th Congress of the United States, Ch. 20, 1st Sess., S. 340, 59 Stat. 33, codified at 15 U.S.C. §1011 – 1015, which declares that the business of insurance and every person engaged therein shall be subject to the laws of the several states.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507A.2]  2006 Acts, ch 1010, §134; 2019 Acts, ch 59, §179
IA Code § 507A.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507A - UNAUTHORIZED INSURERS|Section 507A.3 - Definitions — scope.

507A.3 Definitions — scope.   1. Unless otherwise indicated, “insurer” as used in this chapter includes all corporations, associations, partnerships and individuals engaged in the business of insurance. Any of the following acts in this state, effected by mail or otherwise, by an unauthorized insurer is defined to be doing an insurance business in this state:   a. The making of or proposing to make, as an insurer, an insurance contract.   b. The taking or receiving of any application for insurance.   c. The receiving or collection of any premiums, membership fees, assessments, dues or other considerations for any insurance.   d. The issuance or delivery of contracts of insurance to residents of this state or to corporations or persons authorized to do business in this state.   e. The doing of any kind of insurance business specifically recognized as constituting the doing of an insurance business within the meaning of the statutes relating to insurance.   f. The doing or proposing to do any insurance business in substance equivalent to any of the foregoing in a manner designed to evade the provisions of the insurance laws of this state.   g. Any other transactions of business relating directly to insurance in this state by an insurer.   2. The venue of an act committed by mail is at the point where the matter transmitted by mail is delivered and takes effect.  [C50, 54, 58, 62, 66, §507A.3(1); C71, 73, 75, 77, 79, 81, §507A.3; 81 Acts, ch 165, §1]  2012 Acts, ch 1023, §157; 2019 Acts, ch 59, §180  Referred to in §507A.7
IA Code § 507A.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507A - UNAUTHORIZED INSURERS|Section 507A.7 - Proceedings before commissioner — indemnifying bond.

507A.7 Proceedings before commissioner — indemnifying bond.   1. Before any unauthorized person or insurer files or causes to be filed any pleading or process in an administrative proceeding before the commissioner of insurance, instituted against such person or insurer, by service made as provided in this chapter, such person or insurer shall either:   a. Deposit with the clerk of the court in which such action, suit, or proceeding is pending, or with the commissioner of insurance in administrative proceedings before the commissioner, cash or securities, or file with such clerk or commissioner a bond with good and sufficient sureties, to be approved by the clerk or commissioner in an amount to be fixed by the court or commissioner sufficient to secure the payment of any final judgment which may be rendered in such action or administrative proceeding.   b. Procure a certificate of authority to transact the business of insurance in this state.   2. The court in any action, suit, or proceeding in which service is made as provided in section 507A.6, subsections 2 and 3, or the commissioner of insurance in any administrative proceeding before the commissioner in which service is made as provided in section 507A.6, subsections 2 and 3, may in the court’s or commissioner’s discretion, order such postponement as may be necessary to afford the defendant reasonable opportunity to comply with the provisions of subsection 1 of this section and to defend such action.   3. Nothing in subsection 1 of this section shall be construed to prevent an unauthorized person or foreign or alien insurer from filing a motion to quash a writ or to set aside service thereof made in the manner provided in sections 507A.5 and 507A.6, on the ground that such unauthorized person or insurer has not done any of the acts enumerated in section 507A.3.   4. In an action against an unauthorized person or insurer upon a contract of insurance issued or delivered in this state to a resident thereof or to a corporation authorized to do business therein, if the person or insurer has failed for thirty days after demand prior to the commencement of the action to make payment in accordance with the terms of the contract, and it appears to the court that such refusal was without reasonable cause, the court may allow to the plaintiff a reasonable attorney fee and include such fee in any judgment that may be rendered in such action. Failure of the person or insurer to defend any such action shall be deemed prima facie evidence that its failure to make payment was without reasonable cause.  [C50, 54, 58, 62, 66, §507A.4, 507A.5; C71, 73, 75, 77, 79, 81, §507A.7]  2013 Acts, ch 30, §119  Referred to in §602.8102(69)
IA Code § 507A.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507A - UNAUTHORIZED INSURERS|Section 507A.8 - Order by commissioner to produce contracts.

507A.8 Order by commissioner to produce contracts.   1. Whenever the commissioner of insurance has reason to believe that insurance has been effectuated by or for any person in this state with an unauthorized insurer the commissioner shall in writing order such person to produce for examination all insurance contracts and other documents evidencing insurance with both authorized and unauthorized insurers and to disclose to the commissioner the amount of insurance, name and address of each insurer, gross amount of premium paid or to be paid and the name and address of the person or persons assisting or aiding in the solicitation, negotiation, or effectuation of such insurance.   2. Every person investigating or adjusting any loss or claim on a subject of insurance in this state shall immediately report to the commissioner every insurance policy or contract which has been entered into by any insurer not authorized to transact such insurance in this state.   3. Every person who, for thirty days after receipt of written order pursuant to subsection 1 of this section, neglects to comply with the requirements of such order or who willfully makes a disclosure that is untrue, deceptive, or misleading shall forfeit fifty dollars.  [C71, 73, 75, 77, 79, 81, §507A.8]
IA Code § 507A.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507A - UNAUTHORIZED INSURERS|Section 507A.9 - Premium tax on unauthorized insurers.

507A.9 Premium tax on unauthorized insurers.   1. For all premiums collected during the calendar year, except premiums on lawfully procured surplus lines insurance, every unauthorized insurer shall pay to the commissioner of insurance before March 1, next succeeding the calendar year in which the insurance was so effectuated, continued, or renewed a premium tax on gross premiums charged for such insurance on subjects resident, located, or to be performed in this state equal to the applicable percent, as provided in section 432.1. Such insurance whether procured through negotiation or an application, in whole or in part occurring or made within or outside of this state, or for which premiums in whole or in part are remitted directly or indirectly from within or outside of this state, shall be deemed to be insurance procured or continued in this state. The term “premium” includes all premiums, membership fees, assessments, dues, and any other consideration for insurance. If the tax prescribed by this section is not paid within the time stated, the tax shall be increased by a penalty of twenty-five percent and by the amount of an additional penalty computed at the rate of one percent per month or any part thereof from the date such payment was due to the date paid.   2. If the policy covers risks or exposures only partly in the state, the tax payable shall be computed on the portions of the premium which are properly allocable to the risks or exposures located in the state. In determining the amount of premiums taxable in this state, all premiums written, procured, or received in this state and all premiums on policies negotiated in this state shall be deemed written on property or risks located or resident in this state, except such premiums as are properly allocated or apportioned and reported as taxable premiums of any other state or states.   3. The attorney general, upon request of the commissioner of insurance, shall proceed in the courts of this state or any other state or in any federal court or agency to recover such tax not paid within the time prescribed in this section.  [C71, 73, 75, 77, 79, 81, §507A.9]  2006 Acts, ch 1117, §22  Referred to in §515I.10, 515I.11
IA Code § 507B.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.1 - Declaration of purpose.

507B.1 Declaration of purpose.   The purpose of this chapter is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in the Act of Congress of March 9, 1945, Pub. L. No. 79-15, 59 Stat. 33, codified at 15 U.S.C. §1011 – 1015, by defining, or providing for the determination of, all such practices in this state which constitute unfair methods of competition or unfair or deceptive acts or practices and by prohibiting the trade practices so defined or determined.  [C58, 62, 66, 71, 73, 75, 77, 79, 81, §507B.1]  2006 Acts, ch 1010, §135
IA Code § 507B.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.2 - Definitions.

507B.2 Definitions.   When used in this chapter:   1. “Person” shall mean any individual, corporation, association, partnership, reciprocal exchange, interinsurer, fraternal beneficiary association, and any other legal entity engaged in the business of insurance, including insurance producers and adjusters. “Person” shall also mean any corporation operating under the provisions of chapter 514 and any benevolent association as defined and operated under chapter 512A. For purposes of this chapter, corporations operating under the provisions of chapter 514 and chapter 512A shall be deemed to be engaged in the business of insurance.   2. “Commissioner” shall mean the commissioner of insurance of this state.   3. “Insurance policy” or “insurance contract” shall mean any contract of insurance, indemnity, subscription, membership, suretyship, or annuity issued, proposed for issuance, or intended for issuance by any person.  [C58, 62, 66, 71, 73, 75, 77, 79, 81, §507B.2]  2004 Acts, ch 1110, §20  Referred to in §507B.7  See also §87.24
IA Code § 507B.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.3 - Unfair competition or unfair and deceptive acts or practices prohibited.

507B.3 Unfair competition or unfair and deceptive acts or practices prohibited.   A person shall not engage in this state in any trade practice which is defined in this chapter as, or determined pursuant to section 507B.6 to be, an unfair method of competition, or an unfair or deceptive act or practice in the business of insurance.   1. A person who violates a provision in chapter 508E shall be deemed to have committed an unfair trade practice under this chapter.   2. The issuance of a qualified charitable gift annuity as provided in chapter 508F does not constitute a trade practice in violation of this chapter.  [C58, 62, 66, 71, §507B.3, 507B.5; C73, 75, 77, 79, 81, §507B.3]  2001 Acts, ch 28, §1; 2003 Acts, ch 91, §5; 2004 Acts, ch 1110, §21; 2008 Acts, ch 1123, §12; 2008 Acts, ch 1155, §20  Referred to in §515E.4
IA Code § 507B.4A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.4A - Duty to respond to inquiries and prompt payment of claim.

507B.4A Duty to respond to inquiries and prompt payment of claim.   1. A person shall promptly respond to inquiries from the commissioner.   a. A person’s actions are deemed untimely under this subsection if the person fails to respond to an inquiry from the commissioner within thirty days of the receipt of the inquiry, unless good cause exists for delay.   b. Failure to respond to inquiries from the commissioner pursuant to this subsection with such frequency as to indicate a general business practice shall subject the person to penalty under this chapter.   2. a. An insurer providing accident and sickness insurance under chapter 509, 514, or 514A; a health maintenance organization; or another entity providing health insurance or health benefits subject to state insurance regulation shall either accept and pay or deny a clean claim.   b. For purposes of this subsection, “clean claim” means a properly completed paper or electronic billing instrument containing all reasonably necessary information, that does not involve coordination of benefits for third-party liability, preexisting condition investigations, or subrogation, and that does not involve the existence of particular circumstances requiring special treatment that prevents a prompt payment from being made.   c. The commissioner shall adopt rules establishing processes for timely adjudication and payment of claims by insurers for health care benefits. The rules shall be consistent with the time frames and other procedural standards for claims decisions by group health plans established by the United States department of labor pursuant to  29 C.F.R. pt. 2560   in effect on January 1, 2002.   d. Payment of a clean claim shall include interest at the rate of ten percent per annum when an insurer or other entity as defined in this subsection that administers or processes claims on behalf of the insurer or other entity fails to timely pay a claim.   e. This subsection shall not apply to liability insurance, workers’ compensation or similar insurance, automobile or homeowners’ medical payment insurance, disability income, or long-term care insurance.  2001 Acts, ch 69, §8, 39; 2001 Acts, ch 176, §71; 2017 Acts, ch 148, §33  Referred to in §507B.4, 507B.6, 507B.12, 514F.6
IA Code § 507B.4B (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.4B - Suitability.

507B.4B Suitability.   1. A person shall not recommend to any individual the purchase, sale, or exchange of any annuity contract, or any rider, endorsement, or amendment thereto, unless the person has reasonable grounds to believe that the recommendation is suitable for the individual based on a reasonable inquiry into the individual’s financial status, investment objectives, and other relevant information.   2. A person engaged in the business of annuities shall establish and maintain a system to monitor recommendations made that is reasonably designed to achieve compliance with subsection 1.   3. The commissioner shall adopt rules pursuant to chapter 17A establishing procedures and standards for implementation of the suitability requirements of subsection 1.  2006 Acts, ch 1117, §25