reglab/housing_qa huggingface dataset:
IA Code § 518C.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.7 - Plan of operation.

518C.7 Plan of operation.   1. a. The association shall submit a plan of operation to the commissioner, together with any amendments necessary or suitable to ensure the fair, reasonable, and equitable administration of the association. The plan of operation and any amendment become effective upon written approval by the commissioner.   b. If the association fails to submit a suitable plan of operation within ninety days following July 1, 2000, or if at any time after submission of a suitable plan the association fails to submit suitable amendments to the plan, the commissioner, after notice and opportunity for hearing, shall adopt rules necessary or advisable to effectuate the provisions of this chapter. Such rules shall continue in force until modified by the commissioner or superseded by a plan submitted by the association and approved by the commissioner.   2. A member insurer shall comply with the association’s plan of operation.   3. The plan of operation shall provide for all of the following:   a. Procedures for the performance of the duties and execution of the powers of the association under section 518C.6.   b. Procedures for managing the assets of the association.   c. Procedures by which claims may be filed with the association and acceptable forms of proof of covered claims. Notice of claims to the receiver or liquidator of the insolvent insurer constitutes notice to the association or its agent, and a list of such claims shall be periodically submitted to the association or similar organization in another state by the receiver or liquidator.   d. The place and time for meetings of the board of directors, as necessary.   e. Procedures for keeping records of all financial transactions of the association, its agents, and the board of directors.   f. That any member insurer aggrieved by a final action or decision of the association may appeal the action or decision to the commissioner within thirty days after the action or decision.   g. Additional provisions necessary or proper for the performance of the duties and execution of the powers of the association.   4. The plan of operation may delegate any or all duties and powers of the association, except those under section 518C.6, subsection 1, paragraph “c”, and section 518C.6, subsection 2, paragraph “c”, to a person with the approval of both the board of directors and the commissioner. Such delegation shall only be made to a person extending protection which is not substantially less favorable and effective than that provided by this chapter. Such person shall be reimbursed as a servicing facility and shall be paid for the performance of any other functions of the association.  2000 Acts, ch 1035, §7; 2012 Acts, ch 1023, §157; 2013 Acts, ch 30, §127  Referred to in §518C.4
IA Code § 518C.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.8 - Duties and powers of the commissioner.

518C.8 Duties and powers of the commissioner.   1. The commissioner shall do both of the following:   a. Notify the association of the existence of an insolvent insurer not later than three days after the commissioner receives notice of the determination of the insolvency.   b. Upon request of the board of directors, provide the association with a statement of the net direct written premiums of each member insurer.   2. The commissioner may do any of the following:   a. Require that the association notify the insureds of the insolvent insurer and any other interested parties of the determination of insolvency and of their rights under this chapter. The notification shall be by regular mail at their last known address, but, if sufficient information for notification by mail is not available, notice by publication in a newspaper of general circulation is sufficient.   b. Suspend or revoke, after notice and opportunity for hearing, the certificate of authority to transact insurance business in this state of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative, the commissioner may levy a penalty on any member insurer which fails to pay an assessment when due. Such penalty shall not exceed five percent of the unpaid assessment per month, except that a penalty shall not be less than one hundred dollars per month.   c. Revoke the designation of any servicing facility if the commissioner finds claims are being processed unsatisfactorily.   3. Judicial review of an action of the commissioner may be sought pursuant to chapter 17A.  2000 Acts, ch 1035, §8  Referred to in §518C.6
IA Code § 518C.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.9 - Effect of paid claims.

518C.9 Effect of paid claims.   1. A person recovering under a claim made pursuant to this chapter is deemed to have assigned the person’s rights under the policy to the association to the extent of the person’s recovery from the association. A claimant seeking the protection of this chapter shall cooperate with the association to the same extent as such claimant would have been required to cooperate with the insolvent insurer. The association has no cause of action against a claimant for any sums the association has paid out.   2. The association or a similar entity in another state shall be recognized as a claimant in the liquidation of an insolvent insurer for any amounts paid by the association or similar entity on covered claim obligations as determined under this chapter or under similar law in another state. The association or similar entity shall receive dividends and any other distributions at the priority set forth under the applicable liquidation law. The receiver, liquidator, or statutory successor of an insolvent insurer is bound by determinations of covered claim eligibility under this chapter and by settlements of covered claims made by the association or a similar organization in another state. The court having jurisdiction shall grant such claims priority equal to that which the claimant would have been entitled in the absence of this chapter against the assets of the insolvent insurer. The expenses of the association or similar organization in handling claims shall be accorded the same priority as the liquidator’s expenses.   3. The association shall periodically file with the receiver, liquidator, or statutory successor of the insolvent insurer statements of the covered claims paid by the association and estimates of anticipated claims on the association, which statements shall preserve the rights of the association against the assets of the insolvent insurer.  2000 Acts, ch 1035, §9
IA Code § 518C.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.10 - Nonduplication of recovery.

518C.10 Nonduplication of recovery.   1. A person having a claim under another policy, which claim arises out of the same facts which give rise to a covered claim, is first required to exhaust the person’s rights under the other policy. An amount recovered or recoverable by a person under another insurance policy shall be credited against the liability of the association under section 518C.6, subsection 1, paragraph “a”. For purposes of this section, “another insurance policy” means a policy issued by an insurance company, whether a member insurer or not, which policy insures against any of the types of risks insured by an insurance company authorized to transact insurance business under chapter 518 or 518A, or comparable statutes of another state, except those types of risks set forth in chapters 508 and 514.   2. A person having a claim which may be recovered under more than one insurance guaranty association or an equivalent entity shall seek recovery first from the association of the place of residence of the insured. However, if the claim is a first-party claim for damage to property with a permanent location, recovery shall be first sought from the association or equivalent entity of the state in which the property is permanently located. An amount recovered from any other guaranty association or equivalent entity shall be subtracted from the maximum liability of the Iowa county and state mutual insurance guaranty association under section 518C.6, subsection 1, paragraph “a”.  2000 Acts, ch 1035, §10
IA Code § 518C.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.11 - Prevention of insolvencies.

518C.11 Prevention of insolvencies.   1. a. The board of directors, upon majority vote and for purposes of detecting and preventing insurer insolvencies, may do either of the following:   (1) Make recommendations to the commissioner for the detection and prevention of insurer insolvencies.   (2) Respond to a request by the commissioner to discuss and make recommendations regarding the status of a member insurer whose financial condition may be hazardous to policyholders or the public.   b. The board of directors, at the conclusion of a domestic insurer insolvency, may prepare a report based on the information available to the association on the history and causes of the insolvency. The report may be submitted to the commissioner.   2. Recommendations and reports made pursuant to subsection 1, paragraph “a”, subparagraph (2), are not public records under chapter 22.  2000 Acts, ch 1035, §11
IA Code § 518C.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.12 - Examination of the association.

518C.12 Examination of the association.   The association is subject to examination and regulation by the commissioner. The board of directors, not later than March 30 of each year, shall submit a financial report for the preceding calendar year in a form approved by the commissioner.  2000 Acts, ch 1035, §12  Referred to in §518C.6
IA Code § 518C.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.13 - Tax exemption.

518C.13 Tax exemption.   The association is exempt from the payment of fees and taxes levied by this state or a subdivision of the state except for taxes levied on property.  2000 Acts, ch 1035, §13
IA Code § 518C.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.14 - Recognition of assessments in rates.

518C.14 Recognition of assessments in rates.   The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association. Such rates and premiums shall not be deemed excessive as a result of including such recoupment allowances.  2000 Acts, ch 1035, §14
IA Code § 518C.15 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.15 - Immunity.

518C.15 Immunity.   There shall be no liability on the part of, and no cause of action of any nature shall arise against, any member insurer, the association or its agents or employees, the board of directors, any committee established for the purpose of administering the affairs of the association, or any person serving as an alternate or substitute representative director of the association, or the commissioner, or the commissioner’s representatives, for any reasonable action taken or any reasonable failure to act by them in the performance of their duties and powers under this chapter.  2000 Acts, ch 1035, §15; 2011 Acts, ch 70, §38
IA Code § 518C.16 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.16 - Stay of proceedings.

518C.16 Stay of proceedings.   A proceeding to which the insolvent insurer is a party or in which the insolvent insurer is obligated to defend a party shall be stayed from the date of the insolvency to and including the date set as the deadline for the filing of claims against the insolvent insurer or its receiver. However, upon application, the court having jurisdiction of the receivership may lengthen or shorten the period, either as to all claims or as to any particular claim. The association may waive such stay as to specific cases involving covered claims.   The association, on its own behalf or on behalf of the insured, with respect to a covered claim based on the default of an insurer who is or who becomes insolvent, or based on the failure of an insurer to defend an insured, is entitled to set the default aside and defend such claim on its merits.  2000 Acts, ch 1035, §16
IA Code § 518C.17 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.17 - Actions against the association.

518C.17 Actions against the association.   An action against the association shall be brought against it in the association’s own name and only in the Polk county district court. Service of original notice in an action against the association shall be made on any officer of the association or upon the commissioner of insurance on its behalf. The commissioner shall promptly transmit any notice served upon the commissioner to the association.  2000 Acts, ch 1035, §17; 2006 Acts, ch 1117, §95
IA Code § 518C.18 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.18 - Timely filing of claims.

518C.18 Timely filing of claims.   Notwithstanding any other provision of this chapter, a covered claim shall not include a claim filed with the association after the final date set by the court for the filing of claims against the insolvent insurer or its receiver.  2000 Acts, ch 1035, §18
IA Code § 518C.19 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION|Section 518C.19 - Prohibited advertising.

518C.19 Prohibited advertising.   A person, in connection with the sale of an insurance policy, shall not advertise or publish that claims under the insurance policy are subject to this chapter or that such claims will be paid by the association.  2000 Acts, ch 1035, §19
IA Code § 519.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.1 - Authorization.

519.1 Authorization.   Any number of physicians and surgeons, osteopathic physicians and surgeons, podiatric physicians, chiropractors, pharmacists, dentists, and graduate nurses, licensed to practice their profession in this state, and hospitals licensed under chapter 135B, may, by complying with the provisions of this chapter and without regard to other statutory provisions, enter into contracts with each other for the purpose of protecting themselves by insurance against loss by reason of actions at law on account of their alleged error, mistake, negligence, or carelessness in the treatment and care of patients, including the performance of surgical operations, or in the prescribing and dispensing of drugs and medicines, or for loss by reason of damages in other respects, and to reimburse any member in case of such loss.  [C24, 27, 31, 35, 39, §9069; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.1]  95 Acts, ch 108, §19; 2008 Acts, ch 1088, §141  Action on liability policy, chapter 516
IA Code § 519.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.2 - Incorporation — powers.

519.2 Incorporation — powers.   All corporations, organized for the purpose of transacting such insurance business under the provisions of this chapter, shall incorporate under the provisions of chapter 491, and be known as mutual corporations; and are hereby empowered to collect such assessments, or premium payments, provided for in their articles of incorporation or bylaws, as are required to pay losses and expenses incurred in the conduct of their business and to cede reinsurance. Such mutual insurance corporations may issue certificates of membership, or policies; and may provide that all assessments, or premium payments, payable thereunder, be made in cash, or on the installment, or assessment plan.  [C24, 27, 31, 35, 39, §9070; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.2]
IA Code § 519.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.3 - Articles — approval — bylaws.

519.3 Articles — approval — bylaws.   The articles of incorporation, and any subsequent amendments, of such mutual insurance corporation shall be filed with and approved by the commissioner of insurance before being filed with the secretary of state. A mutual insurance corporation shall file with the commissioner bylaws and subsequent amendments to the bylaws within thirty days of adoption of the bylaws or amendments.  [C24, 27, 31, 35, 39, §9072; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.3]  2009 Acts, ch 145, §50
IA Code § 519.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.4 - Approval of policy — certificate of authority.

519.4 Approval of policy — certificate of authority.   No such mutual insurance corporation shall issue membership certificates, or policies, until its form of certificate or policy, shall have been submitted to, and approved by, the commissioner of insurance and until it has secured from such commissioner of insurance a certificate authorizing it to transact such an insurance business.  [C24, 27, 31, 35, 39, §9073; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.4]
IA Code § 519.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.5 - Conditions.

519.5 Conditions.   No such certificate shall be issued by the commissioner of insurance until two hundred fifty individual applications or ten or more applications from a hospital group, have been received, and until the commissioner of insurance is satisfied that such mutual insurance corporation has bona fide applications representing the number of applicants required, and that there is in the possession of such mutual insurance corporation cash assets amounting to not less than ten times the maximum single retained risk.  [C24, 27, 31, 35, 39, §9074; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.5]
IA Code § 519.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.6 - Reports.

519.6 Reports.   Such mutual insurance corporations doing business under the provisions of this chapter shall, annually, before the first day of March, report to the commissioner of insurance, upon blanks furnished by the commissioner, the same facts, so far as applicable, as are required to be furnished by mutual insurance associations under the statutes of Iowa, which report shall be tabulated by the commissioner of insurance and published by the commissioner in the annual report on insurance.  [C24, 27, 31, 35, 39, §9075; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.6]  Annual report, §515.63
IA Code § 519.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.7 - Reinsurance reserve.

519.7 Reinsurance reserve.   Such mutual insurance corporations shall, annually, set aside and maintain as a reinsurance reserve, an amount equal to ten percent of the receipts from assessments, or premium payments, during the year until the total amount thus accumulated shall equal forty percent, but not to exceed fifty percent of the amount of the annual assessment, or premium payment, at the rate charged for such insurance on all policies in force. The reserve thus accumulated may be used for the payment of losses and expenses, and when so used shall be restored and maintained in like manner as originally accumulated.  [C24, 27, 31, 35, 39, §9076; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.7]
IA Code § 519.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.8 - Cancellation of policy.

519.8 Cancellation of policy.   Any certificate of membership, or policy, issued by such a mutual insurance corporation may be canceled by the corporation by giving thirty days’ written notice thereof to the insured; or such cancellation may be upon demand of the insured; and such cancellation, when so made, either by the corporation or by the insured, shall be upon a pro rata basis, and the cancellation of such certificate or policy shall release the member from all other future obligations to such corporation.  [C24, 27, 31, 35, 39, §9077; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.8]
IA Code § 519.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.9 - Fees.

519.9 Fees.   Such a mutual insurance corporation shall pay the same fees for admission into the state, for annual reports, and for annual certificates of authority as are required to be paid by domestic mutual companies organized and doing business under chapter 515; such certificate shall expire June 1 of the year following the date of its issue.  [C24, 27, 31, 35, 39, §9078; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.9]  88 Acts, ch 1112, §109
IA Code § 519.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.10 - Powers of commissioner.

519.10 Powers of commissioner.   The commissioner of insurance shall have and exercise the same control over such corporations as the commissioner now has over state mutual insurance associations organized and doing business under chapter 518A.  [C24, 27, 31, 35, 39, §9079; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.10]  2000 Acts, ch 1023, §54
IA Code § 519.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.11 - Liability to assessments.

519.11 Liability to assessments.   The provisions as to maximum liability of members to assessments when assets are insufficient and to assessments when the corporation is insolvent, found in section 518A.9, shall apply to all mutual insurance corporations organized under this chapter.  [C24, 27, 31, 35, 39, §9080; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.11]  99 Acts, ch 165, §22; 2000 Acts, ch 1023, §55
IA Code § 519.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.12 - Foreign companies.

519.12 Foreign companies.   Any mutual insurance association organized under the laws of any other state, for the purpose of transacting the kind of business described in this chapter, and which has on hand surplus amounting to not less than ten times the maximum single retained risk, and has not less than two hundred fifty members, may upon application, be admitted to do business in this state if the commissioner finds such admission is in the public interest; and shall thereafter make all reports and be subject to taxation, examination, and supervision by the commissioner of insurance to the same extent and in the same manner as are domestic corporations organized under the provisions of this chapter.  [C24, 27, 31, 35, 39, §9081; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.12]
IA Code § 519.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 519 - LIABILITY INSURANCE — CERTAIN PROFESSIONS|Section 519.13 - Construction.

519.13 Construction.   All laws, or parts of laws, in conflict herewith shall be so construed as not to include corporations regulated by this chapter.  [C24, 27, 31, 35, 39, §9082; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.13]