reglab/statecodes huggingface dataset:
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.21 - Ten-day limit.

518A.21 Ten-day limit.
In case of loss to growing crops by hail, notice of such loss must be given the association by mailing a certified mail letter within ten days from the time such loss or damage occurred.
[C24, 27, 31, 35, 39, §9047; C46, 50, 54, 58, 62, §518.21; C66, 71, 73, 75, 77, 79, 81, §518A.21]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.22 - Limitation of action.

518A.22 Limitation of action.
A suit or action on a policy for the recovery of any claim shall not be sustainable in any court of law or equity unless all requirements of the policy have been complied with, and unless commenced within twelve months next after the inception of the loss.
[C24, 27, 31, 35, 39, §9048; C46, 50, 54, 58, 62, §518.22; C66, 71, 73, 75, 77, 79, 81, §518A.22]
2009 Acts, ch 145, §44
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.24 - Value of building — liability.

518A.24 Value of building — liability.
The association issuing such policy may show the actual value of said property at date of policy, and any depreciation in the value thereof before the loss occurred; but the said association shall be liable for the actual value of the property insured at the date of the loss, unless such value exceeds the amount of insurance stated in the policy.
[C24, 27, 31, 35, 39, §9050; C46, 50, 54, 58, 62, §518.24; C66, 71, 73, 75, 77, 79, 81, §518A.24]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.25 - Value of personal property — value of crops.

518A.25 Value of personal property — value of crops.
In any action on a policy to recover loss or damage on personal property, the association shall not be liable in excess of the amount of damage or loss at the time the loss or damage occurs; provided that the value of growing crops may be stated in the policy or contract.
[C24, 27, 31, 35, 39, §9051; C46, 50, 54, 58, 62, §518.25; C66, 71, 73, 75, 77, 79, 81, §518A.25]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.26 - Arbitration.

518A.26 Arbitration.
No recovery on a policy or contract of insurance shall be defeated for failure of the insured to comply, after a loss occurs, with any arbitration or appraisement stipulation as to fixing the value of property. No arbitration shall take place except substantially where the property was situated at the time of loss. Contracts of insurance to indemnify against loss by hail to growing crops which stipulate for arbitration shall provide that the decision of the majority of the arbitrators shall be final only as to the arbitration.
[C31, 35, §9051-c1; C39, §9051.1; C46, 50, 54, 58, 62, §518.26; C66, 71, 73, 75, 77, 79, 81, §518A.26]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.27 - Reinsurance — quo warranto.

518A.27 Reinsurance — quo warranto.
The commissioner of insurance may address inquiries to any association in relation to its doings and condition and any association so addressed shall promptly reply thereto in writing. If the commissioner of insurance is then satisfied that the association has failed to comply with any provisions of this law, or is exceeding its powers, or is not carrying out its contracts in good faith; or is transacting business fraudulently or soliciting insurance in territories where it is not legally admitted to do business, or is in such condition as to render the further transaction of business by it hazardous to the public or its policyholders, the business under the commissioner’s supervision and with the consent of the association may be reinsured in some mutual association, or the commissioner may present the facts relating thereto to the attorney general and if the circumstances warrant the attorney general may commence an action in quo warranto in a court of competent jurisdiction.
[C97, §1766; S13, §1759-g; C24, 27, 31, 35, 39, §9052; C46, 50, 54, 58, 62, §518.27; C66, 71, 73, 75, 77, 79, 81, §518A.27]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.29 - Cancellation or nonrenewal by association — notice.

518A.29 Cancellation or nonrenewal by association — notice.
1. Cancellation by insured. A policy shall be canceled at any time at the request of the insured.
2. Cancellation by association.
a. Except as provided in paragraph “b”, notice of cancellation is not effective unless mailed or delivered by the association to the named insured at least thirty days before the effective date of cancellation.
b. Notice of cancellation resulting from nonpayment of a premium or installment provided for in the policy, or provided for in a note or contract for the payment of such premium or installment, is not effective unless mailed or delivered by the association to the named insured at least ten days prior to the date of cancellation.
c. If a notice of cancellation under paragraph “a” or “b” fails to include the reason for such cancellation, the association, upon receipt of a timely request by the named insured, shall provide the reason for the cancellation in writing.
3. Nonrenewal by association. A notice of intention not to renew is not effective unless mailed or delivered by the insurer to the named insured at least thirty days prior to the expiration date of the policy. If the reason does not accompany the notice of nonrenewal, the association, upon receipt of a timely request by the named insured, shall provide in writing the reason for the nonrenewal.
4. Notice. Service of notice under subsection 2 or 3 may be delivered in person or mailed to the insured at the insured’s post office address as given in or upon the policy, or to such other address as the insured shall have given to the association in writing. A post office department certificate of mailing shall be deemed proof of receipt of such mailing. If in either case the cash payments exceed the amount properly chargeable, the excess shall be refunded to the insured.
[S13, §1759-m; C24, 27, 31, 35, 39, §9054; C46, 50, 54, 58, 62, §518.29; C66, 71, 73, 75, 77, 79, 81, §518A.29]
2000 Acts, ch 1023, §47; 2001 Acts, ch 69, §36; 2003 Acts, ch 91, §48; 2009 Acts, ch 145, §45
Referred to in §515F.39
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.35 - Annual tax.

518A.35 Annual tax.
1. A state mutual insurance association doing business under this chapter shall on or before the first day of March, each year, pay to the director of revenue, or a depository designated by the director, a sum equivalent to the applicable percent of the gross receipts from premiums and fees for business done within the state, including all insurance upon property situated in the state without including or deducting any amounts received or paid for reinsurance. However, a company reinsuring windstorm or hail risks written by county mutual insurance associations is required to pay the applicable percent tax on the gross amount of reinsurance premiums written upon such risks, but after deducting the amount returned upon canceled policies and rejected applications covering property situated within the state, and dividends returned to policyholders on property situated within the state. For purposes of this section, “applicable percent” means the same as specified in section 432.1, subsection 4.
2. Except as provided in subsection 3, the premium tax shall be paid on or before March 1 of the year following the calendar year for which the tax is due. The commissioner of insurance may suspend the certificate of authority of a state mutual insurance association that fails to pay its premium tax on or before the due date.
3. a. Each state mutual insurance association transacting business in this state whose Iowa premium tax liability for the preceding calendar year was one thousand dollars or more shall remit on or before June 1, on a prepayment basis, an amount equal to one-half of the premium tax liability for the preceding calendar year.
b. In addition to the prepayment amount in paragraph “a”, each association shall remit on or before August 15, on a prepayment basis, an additional amount equal to the following percent of the premium tax liability for the preceding calendar year as follows:
(1) For prepayment in the 2003 and 2004 calendar years, eleven percent.
(2) For prepayment in the 2005 calendar year, twenty-six percent.
(3) For prepayment in the 2006 and subsequent calendar years, fifty percent.
c. The sums prepaid by a state mutual insurance association under this subsection shall be allowed as credits against its premium tax liability for the calendar year during which the payments are made. If a prepayment made under this subsection exceeds the annual premium tax liability, the excess shall be allowed as a credit against subsequent prepayment or tax liabilities. The commissioner of insurance may suspend the certificate of authority of an association that fails to make a prepayment on or before the due date.
[C24, 27, 31, 35, 39, §9060; C46, 50, 54, 58, 62, §518.35; C66, 71, 73, 75, 77, 79, 81, §518A.35]
2000 Acts, ch 1023, §48; 2001 Acts, ch 24, §57; 2002 Acts, ch 1050, §46; 2003 Acts, ch 145, §286; 2003 Acts, ch 179, §137, 159; 2004 Acts, ch 1175, §340, 348; 2006 Acts, ch 1117, §93
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.37 - Surplus.

518A.37 Surplus.
An association organized under this chapter before July 1, 2009, shall at all times maintain a surplus of not less than one hundred thousand dollars, or one-tenth of one percent of the gross risk in force, whichever is greater. An association organized under this chapter on or after July 1, 2009, shall at all times maintain a surplus of not less than two hundred thousand dollars or one-tenth of one percent of the gross risk in force, whichever is greater.
90 Acts, ch 1234, §71; 99 Acts, ch 165, §20; 2002 Acts, ch 1111, §29; 2009 Acts, ch 145, §46
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.39 - “Debt” defined.

518A.39 “Debt” defined.
In ascertaining such corporate indebtedness, a debt shall be deemed to exist, on account of its liabilities on the policy certificates or contracts of insurance issued by it equal to the amount of surplus or other funds accumulated by such corporation for the purpose of fulfilling its policy contracts of insurance and which can be used for no other purpose.
[C24, 27, 31, 35, 39, §9064; C46, 50, 54, 58, 62, §518.39; C66, 71, 73, 75, 77, 79, 81, §518A.39]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.40 - Annual fees — renewals — penalties.

518A.40 Annual fees — renewals — penalties.
1. Such associations shall pay the same fees for annual reports and annual certificates of authority as are required to be paid by domestic companies organized and doing business under chapter 515, which certificates shall expire June 1 of the year following the date of issue.
2. A certificate of authority of an association formed under this chapter shall be renewed annually so long as the organization transacts its business in accordance with all legal requirements. Such an association shall submit annually, on or before March 1, a completed application for renewal of its certificate of authority.
3. The commissioner shall refuse to renew the certificate of authority of a state mutual insurance association that fails to comply with the provisions of this chapter and the association’s right to transact new business in this state shall immediately cease until the association has so complied.
4. An association that fails to timely file the application for renewal required under subsection 2 is in violation of this section and shall pay an administrative penalty of five hundred dollars to the treasurer of state for deposit as provided in section 505.7.
[C73, §1160; C97, §1764; S13, §1759-f; C24, 27, 31, 35, 39, §9065; C46, 50, 54, 58, 62, §518.40; C66, 71, 73, 75, 77, 79, 81, §518A.40]
2006 Acts, ch 1117, §94; 2009 Acts, ch 145, §47; 2009 Acts, ch 181, §85
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.41 - Insurance producers to be licensed.

518A.41 Insurance producers to be licensed.
A person or corporation shall not solicit an application for insurance for any association in this state without having procured from the commissioner of insurance a license authorizing the person or corporation to act as an insurance producer.
[C24, 27, 31, 35, 39, §9066; C46, 50, 54, 58, 62, §518.41; C66, 71, 73, 75, 77, 79, 81, §518A.41]
2002 Acts, ch 1119, §73; 2004 Acts, ch 1110, §58
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.42 - Limitation on termination of independent insurance producers.

518A.42 Limitation on termination of independent insurance producers.
A state mutual insurance association authorized to do business in this state shall not terminate a contract of an insurance producer who is an independent contractor but who is not an exclusive insurance producer as defined in section 522B.1 without at least one hundred eighty days’ notice, except for loss of license, fraud, nonpayment of association premiums that are due and not in dispute by the producer, or the withdrawal of operations in the state by the association.
2002 Acts, ch 1111, §30
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.44 - Reinsurance.

518A.44 Reinsurance.
1. A state mutual insurance association may reinsure a part or all of its coverages written pursuant to this chapter with an association operating under this chapter, or with any other association or company licensed in this state and authorized to write the kinds of insurance enumerated in section 518A.1.
2. Reinsurance sufficient to protect the financial stability of the state mutual insurance association is required. In general, reinsurance coverage obtained by an association shall not expose the association to losses from coverages written pursuant to this chapter of more than fifteen percent from surplus in any calendar year. The commissioner of insurance may require additional reinsurance if necessary to protect the policyholders of the association.
95 Acts, ch 185, §35; 99 Acts, ch 165, §21; 2000 Acts, ch 1023, §49; 2002 Acts, ch 1111, §31; 2021 Acts, ch 76, §150
Referred to in §521.13
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.51 - Loans to officers prohibited.

518A.51 Loans to officers prohibited.
Assets or other funds shall not be loaned directly or indirectly to an officer, director, or employee of the association, or directly or indirectly to a relative of an officer, director, or employee of the association.
95 Acts, ch 185, §36
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.52 - Form — approval.

518A.52 Form — approval.
The form of all policies, applications, agreements, and endorsements modifying the provisions of policies, and all permits and riders used in this state, issued or proposed to be issued by a state mutual insurance association doing business in this state under this chapter, shall first be examined and approved by the commissioner of insurance.
95 Acts, ch 185, §37; 2000 Acts, ch 1023, §50
Referred to in §518A.53
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.53 - Failure to file copy.

518A.53 Failure to file copy.
Upon the failure of a state mutual insurance association to file a copy of its forms of policies or contracts pursuant to section 518A.52, the commissioner of insurance may suspend its authority to transact business within the state until such forms of policies or contracts have been filed and approved.
95 Acts, ch 185, §38; 2000 Acts, ch 1023, §51
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.54 - Disapproval of filings.

518A.54 Disapproval of filings.
1. If the commissioner finds that a filing does not meet the requirements of this chapter, written notice of disapproval shall be sent to the state mutual insurance association specifying in what respect the filing fails to meet the requirements of this chapter and stating that the filing is not effective. If a filing is disapproved by the commissioner, the association may request a hearing on the disapproval within thirty days. The association bears the burden of proving compliance with the standards established by this chapter.
2. If, at any time after a form has been approved, the commissioner finds that the form no longer meets the requirements of this chapter, the commissioner may order the discontinuance of the use of the form. The order of discontinuance shall be in writing and may be issued only after a hearing with at least ten days’ prior notice to all state mutual insurance associations affected by the order. The order shall state the grounds upon which the order is based and when the order of discontinuance is effective.
95 Acts, ch 185, §39; 2000 Acts, ch 1023, §52; 2021 Acts, ch 76, §150
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.55 - Certificate suspension.

518A.55 Certificate suspension.
The commissioner of insurance may suspend a state mutual insurance association’s certificate of authority to do business if the association neglects or fails to comply with this chapter.
95 Acts, ch 185, §40; 2000 Acts, ch 1023, §53
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.57 - Powers of members.

518A.57 Powers of members.
Members of the association shall have the power to make or amend articles of incorporation at any membership meeting, provided that notice of such proposed addition or amendment has been mailed to each member of the association at least ten days in advance of the meeting in which such proposed action is to be considered, and provided that no such addition or amendment shall become effective until approved by the commissioner of insurance and recorded in the office of the secretary of state.
2009 Acts, ch 145, §49
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518B - RIOT REINSURANCE PROGRAM › Section 518B.1 - Definitions.

518B.1 Definitions.
As used in this chapter, unless the context requires otherwise:
1. “The secretary” means the secretary of the United States department of housing and urban development.
2. “Farm property” means the residence, personal effects, other farm buildings and other personal property used in conjunction with a farming operation.
3. “The Act” means Section 1223 of the Housing and Urban Development Act of 1968, Pub. L. No. 90-448, 90th Congress approved August 1, 1968.
4. “The fund” or “fund” means the federal riot reinsurance reimbursement fund referred to in this chapter.
5. “Commissioner” means the commissioner of insurance.
[C71, 73, 75, 77, 79, 81, §518B.1]
2006 Acts, ch 1010, §143
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518B - RIOT REINSURANCE PROGRAM › Section 518B.2 - Reimbursement fund created.

518B.2 Reimbursement fund created.
There is hereby created the federal riot reinsurance reimbursement fund in the office of the treasurer of state which shall be operated under the joint control of the director of the department of administrative services and the commissioner. The fund shall consist of all payments made by insurers in accordance with the provisions of this chapter. The director of the department of administrative services shall have the same power to enforce the collection of the assessments provided under this chapter as any other obligation due the state.
[C71, 73, 75, 77, 79, 81, §518B.2]
2003 Acts, ch 145, §286; 2021 Acts, ch 80, §331
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518B - RIOT REINSURANCE PROGRAM › Section 518B.3 - Secretary reimbursed.

518B.3 Secretary reimbursed.
The commissioner shall reimburse the secretary in an amount up to five percent of the aggregate property, except farm property insurance premiums earned in this state during the calendar year immediately preceding the calendar year with respect to which the secretary paid losses on lines of insurance reinsured by the secretary in this state during that year and for which the secretary claims reimbursement from the fund in accordance with the Act.
[C71, 73, 75, 77, 79, 81, §518B.3]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518B - RIOT REINSURANCE PROGRAM › Section 518B.4 - Insurers assessed.

518B.4 Insurers assessed.
Whenever the secretary shall, in accordance with the Act, present to the state a request for reimbursement under the Act, the commissioner shall immediately assess all insurers which, during the calendar year with respect to which reimbursement is requested by the secretary, were licensed to write and engaged in writing property insurance business, including the property insurance components of multiperil policies on a direct basis, in this state. The amount of each such insurer’s assessment shall be calculated by multiplying the amount of the reimbursement requested by the secretary by a fraction the numerator of which is the insurer’s premium actually written in this state in that calendar year on habitational and commercial property, except farm property, risks and the denominator of which is the aggregate premiums written by all licensed insurers on such property risks. In no event shall any insurer’s assessment be less than one hundred dollars.
[C71, 73, 75, 77, 79, 81, §518B.4]
Referred to in §518B.6, 518B.7
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518B - RIOT REINSURANCE PROGRAM › Section 518B.5 - Warrants issued — overage fund.

518B.5 Warrants issued — overage fund.
1. The secretary shall be reimbursed up to the amount requested by warrants issued against the fund by the director of the department of administrative services upon vouchers approved by the director of the department of administrative services and the commissioner. If the assessment produces a fund greater than the amount requested by the secretary, the overage shall be placed in a special fund in the office of the treasurer of state under the control of the commissioner and the director of the department of administrative services and shall be applied to any subsequent requests by the secretary for reimbursement of losses paid on lines of insurance reinsured by the secretary in this state in accordance with the Act.
2. In the event that the provisions of this chapter and the assessments made under this chapter are no longer needed in order to effectuate the program for which they were intended, the amounts remaining in the special fund shall inure to the general fund of the state.
[C71, 73, 75, 77, 79, 81, §518B.5]
2003 Acts, ch 145, §286; 2021 Acts, ch 76, §129
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518B - RIOT REINSURANCE PROGRAM › Section 518B.6 - Insolvent insurers.

518B.6 Insolvent insurers.
In the event any insurer fails, by reason of insolvency, to pay any assessment, the commissioner shall cause the reimbursement ratios computed under section 518B.4 to be immediately recalculated excluding therefrom the insolvent insurer, so that its assessment is in effect assumed and redistributed among the remaining insurers.
[C71, 73, 75, 77, 79, 81, §518B.6]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518B - RIOT REINSURANCE PROGRAM › Section 518B.7 - Recovery factor included.

518B.7 Recovery factor included.
Insurers shall include in filings submitted pursuant to chapter 515A, a factor, applicable to the line or lines of insurance on which the assessment is levied, sufficient to recover within not more than three years after the date of assessment any amounts so assessed under section 518B.4 during the preceding calendar year together with the amount of costs and expenses reasonably attributable to such assessment and recovery thereof.
[C71, 73, 75, 77, 79, 81, §518B.7]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION › Section 518C.4 - Association established.

518C.4 Association established.
An Iowa county and state mutual insurance guaranty association is established as a nonprofit unincorporated legal entity. An insurer shall be a member of the association as a condition of the insurer’s authority to transact insurance business in this state. The association shall perform its functions under a plan of operation established and approved pursuant to section 518C.7 and shall exercise its powers through a board of directors established under section 518C.5. Except as otherwise provided in such plan of operation, an annual or special meeting of members of the association may be held on call as directed by the association’s board of directors or by the commissioner of insurance. Written notice shall be given not less than ten days prior to the meeting by ordinary mail to each member at the member’s principal office as shown by the records in the commissioner’s office. The notice shall state the time and place, and in the case of a special meeting, the purpose of the meeting. Members may vote in person and ten members present in person shall constitute a quorum for the transaction of any business.
2000 Acts, ch 1035, §4
Referred to in §518C.3
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION › Section 518C.5 - Board of directors.

518C.5 Board of directors.
1. The board of directors of the association shall consist of the officers and directors of the mutual insurance association of Iowa or its successor association, but only if such officers and directors are employed by a corporation organized as a county mutual insurance association pursuant to chapter 518 or a state mutual insurance association pursuant to chapter 518A.
2. An officer and director of the mutual insurance association of Iowa shall serve in the same capacity on the association board as the officer or director serves the mutual insurance association of Iowa or its successor association, but only if the officer and director is employed by a corporation organized as a county mutual insurance association pursuant to chapter 518 or a state mutual insurance association pursuant to chapter 518A.
2000 Acts, ch 1035, §5; 2011 Acts, ch 70, §36
Referred to in §518C.4
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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.
1. 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.
2. 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; 2021 Acts, ch 76, §150
2023 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
2023 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
2023 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
2023 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
2023 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]
2023 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
2023 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]
2023 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]
2023 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
2023 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]
2023 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]
2023 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
2023 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