reglab/housing_qa huggingface dataset:
IA Code § 515B.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515B - INSURANCE GUARANTY ASSOCIATION|Section 515B.13 - Recognition of assessments in rates.

515B.13 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, and such rates shall not be deemed excessive as a result of containing such recoupment allowances.  [C71, 73, 75, 77, 79, 81, §515B.13]
IA Code § 515B.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515B - INSURANCE GUARANTY ASSOCIATION|Section 515B.14 - Immunity.

515B.14 Immunity.   There shall be no liability on the part of, and no cause of action of any nature shall arise against a member insurer, the association or its agents or employees, the board of directors or any person serving as an alternate or substitute representative of any director, or the commissioner or the commissioner’s representatives, for any action taken or any failure to act by them in the performance of their duties and powers under this chapter.  [C71, 73, 75, 77, 79, 81, §515B.14]  2010 Acts, ch 1063, §27
IA Code § 515B.15 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515B - INSURANCE GUARANTY ASSOCIATION|Section 515B.15 - Stay of proceedings.

515B.15 Stay of proceedings.   1. All proceedings to which the insolvent insurer is a party or in which it 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, at the option of the association, waive such stay as to specific cases involving covered claims.   2. As to any covered claims 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, the association, on its own behalf or on behalf of the insured, is entitled to set the default aside and defend such claim on its merits.  [C71, 73, 75, 77, 79, 81, §515B.15]  92 Acts, ch 1162, §42; 97 Acts, ch 186, §18; 2019 Acts, ch 24, §104
IA Code § 515B.16 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515B - INSURANCE GUARANTY ASSOCIATION|Section 515B.16 - Actions against the association.

515B.16 Actions against the association.   Any action against the association shall be brought against the association in the association’s own name. The Polk county district court shall have exclusive jurisdiction and venue of such actions. Service of the original notice in actions against the association may be made on any officer of the association or upon the commissioner of insurance on behalf of the association. The commissioner shall promptly transmit any notice so served upon the commissioner to the association. Any action against the association shall be commenced within three years after the date of the order of liquidation.  [C73, 75, 77, 79, 81, §515B.16]  97 Acts, ch 186, §19; 2001 Acts, ch 69, §33; 2003 Acts, ch 91, §43
IA Code § 515B.17 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515B - INSURANCE GUARANTY ASSOCIATION|Section 515B.17 - Timely filing of claims.

515B.17 Timely filing of claims.   Notwithstanding any other provision of this chapter, a covered claim shall not include any claim filed with the association after twenty-four months from the date of the order of liquidation or after the final date set by the court for the filing of claims against the insolvent insurer or its receiver, whichever occurs first.  [C77, 79, 81, §515B.17]  93 Acts, ch 88, §23; 2005 Acts, ch 70, §23
IA Code § 515B.18 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515B - INSURANCE GUARANTY ASSOCIATION|Section 515B.18 - Prohibited advertising.

515B.18 Prohibited advertising.   A person shall not advertise or publish, in connection with the sale of an insurance policy, that claims under the insurance policy are subject to this chapter or will be paid by the Iowa insurance guaranty association.  88 Acts, ch 1112, §509
IA Code § 515B.19 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515B - INSURANCE GUARANTY ASSOCIATION|Section 515B.19 - Coordination among guaranty associations.

515B.19 Coordination among guaranty associations.   1. The association may join one or more organizations of other state associations of similar purpose, to further the purposes and administer the powers and duties of the association. The association may designate one or more of these organizations to act as a liaison for the association and, to the extent the association authorizes, to bind the association in agreements or settlements with receivers of insolvent insurance companies or their designated representatives.   2. The association, in cooperation with other obligated or potentially obligated guaranty associations or their designated representatives, shall make all reasonable efforts to coordinate and cooperate with receivers or their designated representatives, in the most efficient and uniform manner, including the use of uniform data standards as promulgated or approved by the national association of insurance commissioners.  2010 Acts, ch 1063, §28
IA Code § 515B.25 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515B - INSURANCE GUARANTY ASSOCIATION|Section 515B.25 - Early access to assets.

515B.25 Early access to assets. Repealed by 97 Acts, ch 186, §27.
IA Code § 515B.26 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515B - INSURANCE GUARANTY ASSOCIATION|Section 515B.26 - Title.

515B.26 Title.   This chapter shall be known and may be cited as the “Iowa Insurance Guaranty Association Act”.  [C71, §515B.16; C73, 75, §515B.17; C77, 79, 81, §515B.18]
IA Code § 515C.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.1 - Definition.

515C.1 Definition.   “Mortgage guaranty insurance” means insurance against financial loss by reason of nonpayment of principal, interest and other sums agreed to be paid under the terms of any note or bond or other evidence of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a lien or charge on real estate or on an owner-occupied manufactured or mobile home.  [C66, 71, 73, 75, 77, 79, 81, §515C.1]  95 Acts, ch 67, §37; 2001 Acts, ch 153, §15; 2001 Acts, ch 176, §80
IA Code § 515C.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.2 - Eligibility for insurance.

515C.2 Eligibility for insurance.   Eligibility for mortgage guaranty insurers shall be as follows:   1. An insurer, in order to qualify for writing mortgage guaranty insurance, must have the same surplus to policyholders as that required of a multiple line company by section 515.8.   2. An insurer transacting any class of insurance other than mortgage guaranty insurance is not eligible for the issuance of a certificate of authority to transact mortgage guaranty insurance in this state, nor the renewal thereof.   3. A foreign or alien insurer writing mortgage guaranty insurance shall not be eligible for the issuance of a certificate of authority in Iowa unless it has demonstrated a satisfactory operating experience in its state of domicile.  [C66, 71, 73, 75, 77, 79, 81, §515C.2]  2012 Acts, ch 1021, §100
IA Code § 515C.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.3 - Bases for computations.

515C.3 Bases for computations.   The unearned premium reserve shall be computed pursuant to rules adopted by the commissioner of insurance.  [C66, 71, 73, 75, 77, 79, 81, §515C.3]  2000 Acts, ch 1023, §31, 60
IA Code § 515C.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.4 - Contingency reserve.

515C.4 Contingency reserve.   For the protection of the people of this state and for the purpose of protecting against the effect of adverse economic cycles, the company shall establish a contingency reserve. The company shall annually contribute fifty percent of the earned premiums to this reserve. The earned premiums so reserved may be released annually after the period of time required by the commissioner, provided that said time shall not be less than one hundred twenty months. However, subject to the approval of the commissioner, this reserve may be available only for loss payments, when the loss ratio (incurred losses to premiums earned) exceeds twenty percent. This amount so used shall reduce the next subsequent annual release to surplus from the established contingency reserve.  [C66, 71, 73, 75, 77, 79, 81, §515C.4]
IA Code § 515C.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.5 - Limit of outstanding liability.

515C.5 Limit of outstanding liability.   1. Unless a request to suspend the requirements of this section is granted by the commissioner as set forth in subsection 2, a mortgage guaranty insurer shall not at any time have outstanding a total liability, net of reinsurance, in excess of twenty-five times its capital, unassigned funds, and contingency reserve. A mortgage guaranty insurer shall not insure loans secured by properties in a single housing tract or in a contiguous tract which is not separated by more than one-half mile in excess of ten percent of its capital, unassigned funds, and contingency reserve. Coverage may be provided only if the properties in such tract are residential buildings, buildings designed for occupancy by not more than four families, or owner-occupied mobile homes.   2. Upon request of a mortgage guaranty insurer, the commissioner may suspend the requirements contained in subsection 1 for such time and under such conditions as the commissioner may order. The commissioner may adopt rules as necessary relating to the consideration of such requests for suspension of those requirements.  [C66, 71, 73, 75, 77, 79, 81, §515C.5]  2010 Acts, ch 1121, §22  Referred to in §515C.11
IA Code § 515C.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.6 - Determination of loss reserves.

515C.6 Determination of loss reserves.   The case basis method shall be used to determine the loss reserves, which shall include a reserve for claims reported and unpaid and a reserve for claims incurred but not reported.  [C66, 71, 73, 75, 77, 79, 81, §515C.6]
IA Code § 515C.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.7 - Rate-making provisions.

515C.7 Rate-making provisions.   Mortgage guaranty insurance shall be subject to the provisions of chapter 515F, for the purposes of rate making.  [C66, 71, 73, 75, 77, 79, 81, §515C.7]  93 Acts, ch 88, §24
IA Code § 515C.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.8 - Policy forms approved.

515C.8 Policy forms approved.   All policy forms and endorsements shall be filed with and be subject to the approval of the commissioner of insurance. With respect to owner-occupied single family dwellings and owner-occupied mobile homes, the mortgage insurance policy shall provide that the borrower shall not be liable to the insurance company for any deficiency arising from a foreclosure sale.  [C66, 71, 73, 75, 77, 79, 81, §515C.8]
IA Code § 515C.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.9 - Restrictions on advertising.

515C.9 Restrictions on advertising.   No bank, savings association, insurance company, or other lending institution, any of whose authorized real estate securities are insured by mortgage guaranty insurance companies, may state in any brochure, pamphlet, report, or any form of advertising that the real estate loans of the bank, savings association, insurance company, or other lending institution are “insured loans” unless the brochure, pamphlet, report, or advertising also clearly states that the loans are insured by private insurers and the names of the private insurers are given and shall not make any such statement at all unless such insurance is by an insurer authorized to write this coverage in this state.  [C66, 71, 73, 75, 77, 79, 81, §515C.9]  2012 Acts, ch 1017, §99
IA Code § 515C.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.10 - Law applicable.

515C.10 Law applicable.   All companies writing insurance as authorized by this chapter shall, in addition to the provisions herein, comply with and be subject to all of the provisions of chapter 515 not inconsistent herewith.  [C66, 71, 73, 75, 77, 79, 81, §515C.10]
IA Code § 515C.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515C - MORTGAGE GUARANTY INSURANCE|Section 515C.11 - Mortgages secured by first lien on real estate.

515C.11 Mortgages secured by first lien on real estate.   A mortgage guaranty insurer in addition to coverage provided under section 515C.5 may insure mortgages secured by first lien upon improved real estate which is used for commercial purposes, except for those types of commercial properties specifically excluded by the commissioner of insurance.  [C71, 73, 75, 77, 79, 81, §515C.11]
IA Code § 515D.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.1 - Title.

515D.1 Title.   This chapter shall be known as the “Iowa Automobile Insurance Cancellation Control Act”.  [C71, 73, 75, 77, 79, 81, §515D.1]
IA Code § 515D.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.2 - Definitions.

515D.2 Definitions.   As used in this chapter, unless otherwise required by the context:   1. “Policy” means an automobile insurance policy providing bodily injury liability, property damage liability, medical payments, uninsured motorist coverage, physical damage coverage, or any combination thereof, delivered or issued for delivery in this state, insuring a single individual or one or more related individuals resident in the same household, as named insured, and insuring vehicles of the following types only:   a. Motor vehicles of the private passenger or station wagon type which are not used as public conveyances nor rented to others.   b. Any other four-wheel motor vehicles with a load capacity of one thousand five hundred pounds or less which are not used in the business or profession of the insured.   2. “Renewal” or “to renew” means the issuance and delivery by an insurer of a policy replacing at the end of the previous policy term a policy previously issued and delivered by the same insurer, or the issuance and delivery of a certificate or notice extending the coverage of the policy beyond its original term.   a. Any renewal policy, other than a replacement policy for an unfinished term, with a term of six months or less shall be considered written, for the purposes of this chapter, for a term of six months.   b. Any policy written for a term longer than one year or with no fixed expiration date shall be considered written for successive policy terms of one year.   3. “Nonpayment of premium” means failure of the named insured to discharge when due any of the named insured’s obligations in connection with the payment of premiums on the policy, or any installment of a premium, whether the premium is payable directly to the insurer or its agent or indirectly under any premium finance plan or extension of credit.  [C71, 73, 75, 77, 79, 81, §515D.2]  2012 Acts, ch 1023, §157
IA Code § 515D.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.3 - When not applicable.

515D.3 When not applicable.   This chapter shall not apply to any policy:   1. Issued under an automobile assigned risk plan.   2. Covering garage, automobile sales agency, repair shop, service station, or public parking place operation hazards.   3. Insuring more than four automobiles.   4. Issued principally to cover personal or premises liability of an insured even though such insurance may also provide some incidental coverage for liability arising out of the ownership, maintenance, or use of a motor vehicle on the premises of such insured or on the ways immediately adjoining the premises.  [C71, 73, 75, 77, 79, 81, §515D.3]
IA Code § 515D.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.4 - Notice of cancellation — reasons.

515D.4 Notice of cancellation — reasons.   1. A policy shall not be canceled except by notice to the insured as provided in this chapter. Notice of cancellation of a policy is not effective unless it is based on one or more of the following reasons:   a. Nonpayment of premium.   b. Nonpayment of dues to an association or organization other than an insurance association or organization, where payment of dues is a prerequisite to obtaining or continuing insurance in force and the dues payment requirement was in effect prior to January 1, 1969.   c. Fraud or material misrepresentation affecting the policy or the presentation of a claim.   d. Violation of terms or conditions of the policy.   e. Any reason permitted in subsection 2 for exclusion of a person from the policy.   2. A person shall not be excluded from the policy unless the exclusion is based on one or more of the following reasons, or is agreed upon by both the named insured and the insurer:   a. The named insured or any operator who either resides in the same household or customarily operates an automobile insured under the policy has that person’s driver’s license suspended or revoked during the policy term or, if the policy is a renewal, during its term or the one hundred eighty days immediately preceding its effective date.   b. The named insured or any operator who either resides in the same household or customarily operates an automobile insured under the policy has during the term of the policy engaged in a competitive speed contest while operating an automobile insured under the policy.   c. The named insured or any operator who either resides in the same household or customarily operates an automobile insured under the policy, during the thirty-six months immediately preceding the notice of cancellation or nonrenewal, has been convicted of or forfeited bail for any of the following:   (1) Criminal negligence resulting in death, homicide, or assault and arising out of the operation of a motor vehicle.   (2) Operating a motor vehicle while intoxicated or while under the influence of a drug.   (3) A violation of section 321.261.   3. This section shall not apply to any policy or coverage which has been in effect less than sixty days at the time notice of cancellation is mailed or delivered by the insurer unless it is a renewal policy. This section shall not apply to the nonrenewal of a policy.   4. During the policy period, a modification of automobile physical damage coverage, other than coverage for loss caused by collision, where provision is made for the application of a deductible amount not exceeding one hundred dollars, shall not be deemed a cancellation of the coverage or of the policy.  [C71, 73, 75, 77, 79, 81, §515D.4]  96 Acts, ch 1045, §6; 97 Acts, ch 186, §20; 2002 Acts, ch 1111, §22  Referred to in §515D.5
IA Code § 515D.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.5 - Delivery of notice.

515D.5 Delivery of notice.   1. a. Notwithstanding the provisions of section 515.129A, a notice of cancellation of a policy shall not be effective unless mailed or delivered by the insurer to the named insured at least thirty days prior to the effective date of cancellation, or, where the cancellation is for nonpayment of premium notwithstanding the provisions of section 515.129A, at least ten days prior to the date of cancellation. 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 cancellation, the notice shall state that upon written request of the named insured, mailed or delivered to the insurer not less than fifteen days prior to the date of cancellation, the insurer will state the reason for cancellation together with notification of the right to a hearing before the commissioner within fifteen days as provided in this chapter.   b. When the reason does not accompany the notice of cancellation, the insurer shall, upon receipt of a timely request by the named insured, state in writing the reason for cancellation. A statement of reason shall be mailed or delivered to the named insured within five days after receipt of a request.   2. A notice of exclusion of a person under a policy pursuant to section 515D.4, is not effective unless written notice is mailed or delivered to the named insured at least twenty days prior to the effective date of the exclusion. The written notice shall state the reason for the exclusion, together with notification of the right to a hearing before the commissioner pursuant to section 515D.10 within fifteen days of receipt or delivery of a statement of reason as provided in this section.  [C71, 73, 75, 77, 79, 81, §515D.5]  88 Acts, ch 1112, §601; 97 Acts, ch 186, §21; 2003 Acts, ch 91, §44; 2007 Acts, ch 152, §79; 2011 Acts, ch 70, §32
IA Code § 515D.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515D - AUTOMOBILE INSURANCE CANCELLATION CONTROL|Section 515D.6 - Prohibited reasons.

515D.6 Prohibited reasons.   No insurer shall refuse to renew a policy solely because of age, residence, sex, race, color, creed, or occupation of an insured.   No insurer shall require a physical examination of a policyholder as a condition for renewal solely on the basis of age or other arbitrary reason. In the event that an insurer requires a physical examination of a policyholder, the burden of proof in establishing reasonable and sufficient grounds for such requirement shall rest with the insurer and the expenses incident to such examination shall be borne by the insurer.  [C71, 73, 75, 77, 79, 81, §515D.6]