reglab/housing_qa huggingface dataset:
IA Code § 507B.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.5 - Favored agent or insurer — coercion of debtors.

507B.5 Favored agent or insurer — coercion of debtors.   1. No person may do any of the following:   a. Require, as a condition precedent to the lending of money or extension of credit, or any renewal thereof, that the person to whom such money or credit is extended or whose obligation the creditor is to acquire or finance, negotiate any policy or contract of insurance through a particular insurer or group of insurers or agent or broker or group of agents or brokers.   b. Unreasonably disapprove the insurance policy provided by a borrower for the protection of the property securing the credit or lien.   c. Require directly or indirectly that any borrower, mortgagor, purchaser, insurer, broker, or agent pay a separate charge in connection with the handling of any insurance policy required as security for a loan on real estate or pay a separate charge to substitute the insurance policy of one insurer for that of another.   d. Use or disclose information resulting from a requirement that a borrower, mortgagor or purchaser furnish insurance of any kind on real property being conveyed or used as collateral security to a loan, when such information is to the advantage of the mortgagee, vendor, or lender, or is to the detriment of the borrower, mortgagor, purchaser, insurer, or the agent or broker complying with such a requirement.   2. Subsection 1, paragraph “c” of this section does not include the interest which may be charged on premium loans or premium advancements in accordance with the security instrument.   3. For purposes of subsection 1, paragraph “b” of this section, such disapproval shall be deemed unreasonable if it is not based solely on reasonable standards uniformly applied, relating to the extent of coverage required and the financial soundness and the services of an insurer. Such standards shall not discriminate against any particular type of insurer, nor shall such standards call for the disapproval of an insurance policy because such policy contains coverage in addition to that required.   4. If a violation of this section is found, the person in violation shall be subject to the same procedures and penalties as are applicable to other provisions of this chapter.   5. For purposes of this section, “person” includes any individual, corporation, association, partnership, or other legal entity.  [C73, 75, 77, 79, 81, §507B.5]  2015 Acts, ch 29, §69  Referred to in §507B.6, 507B.12, 535.8
IA Code § 507B.6A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.6A - Summary orders.

507B.6A Summary orders.   1. Upon a determination by the commissioner that a person or insurer has engaged, is engaging, or is about to engage in any act or practice constituting a violation of this chapter or a rule adopted or order issued under this chapter, the commissioner may issue a summary order, including a brief statement of findings of fact, conclusions of law, and policy reasons for the decision, and directing the person or insurer to cease and desist from engaging in the act or practice or to take other affirmative action as is in the judgment of the commissioner necessary to comply with the requirements of this chapter.   2. A person who has been issued a summary order under this section may contest the order by filing a request for a contested case proceeding and hearing as provided in chapter 17A and in accordance with the rules adopted by the commissioner. However, the person shall have at least thirty days from the date that the order is issued in order to file the request. Section 17A.18A is inapplicable to a summary order issued under this section. The order shall remain effective from the date of issuance unless overturned by a presiding officer or court following a request for hearing. If a hearing is not timely requested, the summary order becomes final by operation of law.   3. A person or insurer violating a summary order issued under this section shall be deemed in contempt of that order. The commissioner may petition the district court to enforce the order as certified by the commissioner. The district court shall adjudge the person in contempt of the order if the court finds after hearing that the person or insurer is not in compliance with the order. The court may assess a civil penalty against the person or insurer and may issue further orders as it deems appropriate.  2004 Acts, ch 1110, §23  Referred to in §505.8, 507B.7A, 508E.7  Section not amended; headnote revised
IA Code § 507B.7A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.7A - Administrative hearings.

507B.7A Administrative hearings.   Section 505.29 is applicable to hearings required by sections 507B.6, 507B.6A, and 507B.7.  2006 Acts, ch 1117, §26
IA Code § 507B.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.8 - Judicial review of cease and desist orders.

507B.8 Judicial review of cease and desist orders.   1. Judicial review of the actions of the commissioner may be sought in accordance with the terms of the Iowa administrative procedure Act, chapter 17A. To the extent that an order of the commissioner is affirmed in any judicial review proceeding, the court shall thereupon issue its own order commanding obedience to the terms of such order of the commissioner.   2. After the period for judicial review of an order of the commissioner has expired and no petition for judicial review has been filed, the attorney general upon request of the commissioner of insurance shall proceed in the Iowa district court to enforce an order of the commissioner. The court shall enter its order commanding obedience to the terms of the commissioner’s order.   3. No order of the commissioner under this chapter or order of a court to enforce the same shall in any way relieve or absolve any person affected by such order from any liability under any other laws of this state.  [C58, 62, 66, 71, 73, 75, 77, 79, 81, §507B.8; 82 Acts, ch 1003, §3]  2003 Acts, ch 44, §114; 2018 Acts, ch 1041, §127  Referred to in §507B.7
IA Code § 507B.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.9 - Sale of duplicate coverage prohibited.

507B.9 Sale of duplicate coverage prohibited.   1. A person shall not knowingly engage in the sale of duplicate Medicare supplement insurance coverage, as defined by rule of the commissioner.   2. The commissioner of insurance shall adopt rules pursuant to chapter 17A which define the sale of duplicate Medicare supplement insurance coverage.  [C81, §507B.9]
IA Code § 507B.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.11 - Penalty.

507B.11 Penalty. Repealed by  2004 Acts, ch 1110, §71  .
IA Code § 507B.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.12 - Rules.

507B.12 Rules.   1. The commissioner may, after notice and hearing, promulgate reasonable rules, as are necessary or proper to identify specific methods of competition or acts or practices which are prohibited by section 507B.4, 507B.4A, or 507B.5, but the rules shall not enlarge upon or extend the provisions of such sections. Such rules shall be subject to review in accordance with chapter 17A.   2. The powers vested in the commissioner by this chapter shall be additional to any other powers to enforce any penalties, fines, or forfeitures authorized by law with respect to the methods, acts, and practices declared to be unfair or deceptive.  [C58, 62, 66, 71, 73, 75, 77, 79, 81, §507B.12]  2001 Acts, ch 69, §11, 39; 2018 Acts, ch 1041, §127; 2019 Acts, ch 24, §76; 2020 Acts, ch 1063, §271  Subsection 2 amended
IA Code § 507B.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.13 - Immunity from prosecution.

507B.13 Immunity from prosecution.   If any person shall ask to be excused from attending and testifying or from producing any books, papers, records, correspondence or other documents at any hearing on the ground that the testimony or evidence required of the person may tend to incriminate the person or subject the person to a penalty or forfeiture, and shall notwithstanding be directed to give such testimony or produce such evidence, the person must nonetheless comply with such direction, but the person shall not thereafter be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter or thing concerning which the person may testify or produce evidence pursuant thereto, and no testimony so given or evidence produced shall be received against the person upon any criminal action, investigation or proceeding, provided, however, that no such individual so testifying shall be exempt from prosecution or punishment for any perjury committed by the individual while so testifying and the testimony or evidence so given or produced shall be admissible against the individual upon any criminal action, investigation or proceeding concerning such perjury, nor shall the individual be exempt from the refusal, revocation or suspension of any license, permission or authority conferred, or to be conferred, pursuant to the insurance law of this state. Any such individual may execute, acknowledge and file in the office of the commissioner a statement expressly waiving such immunity or privilege in respect to any transaction, matter or thing specified in such statement and thereupon the testimony of such person or such evidence in relation to such transaction, matter or thing may be received or produced before any judge or justice, court, tribunal, grand jury or otherwise, and if so received or produced such individual shall not be entitled to any immunity or privilege on account of any testimony the individual may so give or evidence so produced.  [C58, 62, 66, 71, 73, 75, 77, 79, 81, §507B.13]
IA Code § 507B.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507B - INSURANCE TRADE PRACTICES|Section 507B.14 - Transfer of insurance stock.

507B.14 Transfer of insurance stock.   1. When a controlling interest in two or more corporations, at least one of which is an insurance company domiciled in this state, is held by any person, group of persons, firm, or corporation, no exchange of stock, transfer or sale of securities, or loan based upon securities of any such corporation shall take place between such corporations, or between such person, group of persons, firm or corporation and such corporations, without first securing the approval of the insurance commissioner. If, in the opinion of the insurance commissioner, such sale, transfer, exchange, or loan would be improper and would work to the detriment of any such insurance company, the commissioner shall have the power to prohibit the transaction. A person, firm, or corporate officer or director shall not aid such transaction without approval of the insurance commissioner. A person, firm, or corporate officer or director who willfully violates this section is guilty of a class “D” felony. A person, firm, or corporate officer or director who willfully violates this section, and when such violation results in a loss of more than ten thousand dollars, is guilty of a class “C” felony.   2. For purposes of this section, “controlling interest” means actual control or the possession directly or indirectly of the power to direct or cause the direction of the management and policies of a firm, partnership, corporation, association, or trust, whether through the ownership of voting securities, by contract, or otherwise.  [C66, 71, 73, 75, 77, 79, 81, §507B.14]  2004 Acts, ch 1161, §66, 68; 2017 Acts, ch 29, §142
IA Code § 507C.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION|Section 507C.1 - Short title — construction — purpose.

507C.1 Short title — construction — purpose.   1. This chapter shall be cited as the “Insurers Supervision, Rehabilitation, and Liquidation Act”.   2. This chapter shall not be interpreted to limit the powers granted the commissioner by any other law.   3. This chapter shall be liberally construed to effect the purpose stated in subsection 4.   4. The purpose of this chapter is the protection of the interests of insureds, claimants, creditors, and the public, with minimum interference with the normal prerogatives of the owners and managers of insurers, through all of the following:   a. Early detection of a potentially dangerous condition in an insurer and prompt application of appropriate corrective measures.   b. Improved methods for rehabilitating insurers, involving the cooperation and management expertise of the insurance industry.   c. Enhanced efficiency and economy of liquidation, through clarification of the law, to minimize legal uncertainty and litigation.   d. Equitable apportionment of any unavoidable loss.   e. Lessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process, and by extending the scope of personal jurisdiction over debtors of the insurer outside this state.   f. Regulation of the insurance business by the impact of the law relating to delinquency procedures and substantive rules on the entire insurance business.   g. Providing for a comprehensive scheme for the rehabilitation and liquidation of insurance companies and those subject to this chapter as part of the regulation of the business of insurance, the insurance industry, and insurers in this state. Proceedings in cases of insurer insolvency and delinquency are deemed an integral aspect of the business of insurance and are of vital public interest and concern.  84 Acts, ch 1175, §1; 92 Acts, ch 1117, §8, 9
IA Code § 507C.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION|Section 507C.3 - Applicability.

507C.3 Applicability.   This chapter may be applied to any of the following:   1. Insurers who are doing or have done insurance business in this state, and against whom claims arising from that business may exist now or in the future.   2. Insurers who purport to do insurance business in this state.   3. Insurers who have insureds who are residents in this state.   4. Other persons organized or in the process of organizing with the intent to do insurance business in this state.   5. Nonprofit health service corporations and all fraternal benefit societies and beneficial societies subject to chapters 512A, 512B, and 514.   6. Prepaid health care delivery plans which are regulated by the commissioner.   7. Health maintenance organizations formed under chapter 514B other than limited service organizations formed under section 514B.33.  84 Acts, ch 1175, §3; 93 Acts, ch 88, §5; 2019 Acts, ch 12, §1, 35, 36  Referred to in §507C.2  Subsection 7 applies beginning March 29, 2019; 2019 Acts, ch 12, §35, 36
IA Code § 507C.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION|Section 507C.4 - Jurisdiction and venue.

507C.4 Jurisdiction and venue.   1. A delinquency proceeding shall not be commenced under this chapter by a person other than the commissioner. A court shall not have jurisdiction over a proceeding under this chapter commenced by a person other than the commissioner.   2. A court shall not have jurisdiction over a petition praying for the dissolution, liquidation, rehabilitation, sequestration, conservation or receivership of an insurer, or praying for an injunction or restraining order or other relief preliminary to, incidental to or relating to such proceedings other than pursuant to this chapter.   3. A court having jurisdiction of the subject matter has jurisdiction over a person served pursuant to the Iowa rules of civil procedure or other applicable provisions in an action brought by the receiver of a domestic insurer or an alien insurer domiciled in this state for any of the following:   a. In an action on or incident to an obligation if the person served is obligated to the insurer in any way as an incident to an agency or brokerage arrangement that may exist or has existed between the insurer and the agent or broker.   b. In an action on or incident to a reinsurance contract, if the person served is a reinsurer who has at any time written a policy of reinsurance for an insurer against which a delinquency proceeding has been instituted, or is an agent or broker of or for the reinsurer and the action results from or is incident to the relationship with the reinsurer.   c. In an action resulting from a relationship with the insurer, if the person served is or has been an officer, manager, trustee, organizer, promoter, or person in a position of comparable authority or influence in an insurer against which a rehabilitation or liquidation order is in effect when the action is commenced.   d. In an action if the person served is or was at the time of the institution of the delinquency proceeding against the insurer holding assets which are the subject of the proceeding and in which the receiver claims an interest on behalf of the insurer.   e. If the person served is obligated to the insurer in any way whatsoever, in an action on or incident to the obligation.   4. If the court on motion of a party finds that an action should as a matter of substantial justice be tried in a forum outside this state, the court may enter an order to stay the proceedings on the action in this state.   5. All actions authorized in this chapter shall be brought in the district court in Polk county.  84 Acts, ch 1175, §4; 92 Acts, ch 1117, §11, 12; 2015 Acts, ch 29, §70
IA Code § 507C.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION|Section 507C.6 - Cooperation of officers, owners, and employees — penalty.

507C.6 Cooperation of officers, owners, and employees — penalty.   1. An officer, manager, director, trustee, owner, employee, or agent of an insurer, or any other person with authority over or in charge of any segment of the insurer’s affairs, shall cooperate with the commissioner in any proceeding under this chapter or any investigation preliminary to the proceeding. The term “person” as used in this section, shall include any person who exercises control directly or indirectly over activities of the insurer through any holding company or other affiliate of the insurer. “To cooperate” shall include, but shall not be limited to, the following:   a. To reply promptly in writing to any inquiry from the commissioner requesting a reply.   b. To make available to the commissioner any books, accounts, documents, or other records, information, or property of or pertaining to the insurer and in the person’s possession, custody, or control.   2. A person shall not obstruct or interfere with the commissioner in the conduct of a delinquency proceeding or an investigation preliminary or incidental to a delinquency proceeding.   3. This section does not abridge otherwise existing legal rights, including the right to resist a petition for liquidation, other delinquency proceedings, or other orders.   4. It shall be unlawful for a person as defined in subsection 1 to fail to cooperate with the commissioner, or to obstruct or interfere with the commissioner in the conduct of a delinquency proceeding or an investigation preliminary or incidental to a delinquency proceeding, or to violate a valid order of the commissioner.  84 Acts, ch 1175, §6; 90 Acts, ch 1234, §4; 2004 Acts, ch 1110, §25
IA Code § 507C.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION|Section 507C.7 - Bonds.

507C.7 Bonds.   In a proceeding under this chapter, the commissioner and the commissioner’s deputies shall be responsible on their official bonds for the faithful performance of their duties. If the court deems it desirable for the protection of the assets, it may require an additional bond from the commissioner or the commissioner’s deputies. The bonds shall be paid for out of the assets of the insurer as a cost of administration.  84 Acts, ch 1175, §7
IA Code § 507C.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION|Section 507C.8 - Continuation of delinquency proceedings.

507C.8 Continuation of delinquency proceedings. Repealed by 2015 Acts, ch 30, §198.
IA Code § 507C.8A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION|Section 507C.8A - Condition on release from delinquency proceedings.

507C.8A Condition on release from delinquency proceedings.   An insurer subject to a delinquency proceeding shall not be released from the delinquency proceeding unless the proceeding is converted into a rehabilitation or liquidation proceeding; shall not be permitted to solicit or accept new business, or request or accept the restoration of any suspended or revoked license or certificate of authority; and shall not be returned to the control of the insurer’s shareholders or private management, or have any of the insurer’s assets returned to the control of its shareholders or private management, until all payments of or on account of the insurer’s contractual obligations by all guaranty associations, along with all expenses of such obligations and interest on all such payments and expenses, have been repaid to the guaranty association or a plan of repayment by the insurer is approved by the guaranty association.  92 Acts, ch 1117, §13