reglab/statecodes huggingface dataset:
2023 Iowa Code › Title XIII - COMMERCE › Chapter 516B - AUTOMOBILE LIABILITY POLICIES › Section 516B.3 - Minor traffic violations not considered in establishing rates.

516B.3 Minor traffic violations not considered in establishing rates.
1. The commissioner shall require that insurance companies transacting business in this state not consider speeding violations occurring on or after July 1, 1986, but before May 12, 1987, which are for speeding violations for ten miles per hour or less over the legal speed limit in speed zones that have a legal speed limit greater than thirty-five miles per hour or speeding violations occurring on or after May 12, 1987, which are for speeding violations for ten miles per hour or less over the legal speed limit in speed zones that have a legal speed limit equal to or greater than thirty-five miles per hour but not greater than fifty-five miles per hour for the purpose of establishing rates for motor vehicle insurance charged by the insurer and shall require that insurance companies not cancel or refuse to renew any such policy for such violations. In any twelve-month period, this section applies only to the first two such violations which occur.
2. If the rate for motor vehicle insurance is based on an operating record of a period longer than twelve months in length, the twelve-month periods under subsection 1 shall not overlap.
87 Acts, ch 120, §8; 88 Acts, ch 1158, §78; 88 Acts, ch 1214, §3
Referred to in §507B.4
2023 Iowa Code › Title XIII - COMMERCE › Chapter 516D - RENTAL OF MOTOR VEHICLES › Section 516D.3A - Vehicle license recovery fee.

516D.3A Vehicle license recovery fee.
1. A rental company may include separately stated charges in a rental agreement pursuant to the provisions of this chapter for the recovery of fees paid to this state to license, title, register, and plate rental vehicles.
2. If a rental company includes a vehicle license recovery fee as a separately stated charge in a rental transaction, the amount of the fee shall represent the rental company’s good-faith estimate of the rental company’s average per vehicle portion of the rental company’s total annual titling and registration fees paid to this state.
3. If the total amount of the vehicle license recovery fees collected by a rental company under this section in any calendar year exceeds the rental company’s actual fees paid to this state to license, title, register, and plate rental vehicles for that calendar year, the rental company shall do both of the following:
a. Retain the excess amount to be held in a vehicle license recovery fee fund as a consumer credit for the following year.
b. Lower the estimated average per vehicle titling and registration charge for the following calendar year by the corresponding amount in the vehicle license recovery fee fund.
2015 Acts, ch 102, §3
2023 Iowa Code › Title XIII - COMMERCE › Chapter 516D - RENTAL OF MOTOR VEHICLES › Section 516D.5 - Recovery for damage or loss.

516D.5 Recovery for damage or loss.
A claim against an authorized driver resulting from damage to a rental vehicle, loss due to theft of a rental vehicle, or damages resulting from the loss of use of a rental vehicle, must be reasonably and rationally related to the actual loss incurred. A rental company shall mitigate damages where possible and shall not assert or collect any claim for physical damage which exceeds the actual cost of the repair, including all discounts or price reductions. Administrative fees shall be limited to the reasonable administrative costs associated with processing the damage claim. A claim made for loss of use shall not exceed the daily rental rate stated in the customer’s contract, excluding optional charges, multiplied by the total of the estimated time for replacement and the estimated time for repair, divided by eight.
91 Acts, ch 204, §5
2023 Iowa Code › Title XIII - COMMERCE › Chapter 516D - RENTAL OF MOTOR VEHICLES › Section 516D.6 - Disclosures.

516D.6 Disclosures.
1. All material restrictions on an advertised rate or on the use of the rental vehicle must be clearly and conspicuously disclosed in any price advertisement.
2. A rental company shall only advertise, quote, and charge a rental rate that includes all mandatory charges. A rental company shall not impose any mandatory charges in addition to the advertised or quoted rental rate.
91 Acts, ch 204, §6
2023 Iowa Code › Title XIII - COMMERCE › Chapter 516D - RENTAL OF MOTOR VEHICLES › Section 516D.9 - Enforcement.

516D.9 Enforcement.
A violation of this chapter or any rules adopted by the attorney general pursuant to this chapter is a violation of section 714.16, subsection 2, paragraph “a”. The provisions of section 714.16, including, but not limited to, provisions relating to investigation, injunctive relief, and penalties, apply to violations of this chapter.
91 Acts, ch 204, §9
2023 Iowa Code › Title XIII - COMMERCE › Chapter 517 - EMPLOYERS LIABILITY INSURANCE › Section 517.1 - Reserve required.

517.1 Reserve required.
Every corporation, association, company, or reciprocal exchange writing any of the several classes of insurance authorized by section 515.48, subsection 5, paragraph “d”, shall maintain reserves for outstanding losses under insurance against loss or damage from accident to or injuries suffered by an employee or other person and for which the insured is liable computed as follows:
1. For all liability suits being defended under policies written more than:
a. Ten years prior to the date as of which the statement is made, one thousand five hundred dollars for each suit.
b. Five and less than ten years prior to the date as of which the statement is made, one thousand dollars for each suit.
c. Three and less than five years prior to the date as of which the statement is made, eight hundred fifty dollars for each suit.
2. For all liability policies written during the three years immediately preceding the date as of which the statement is made, such reserve shall be sixty percent of the earned liability premiums of each of such three years less all loss and loss expense payments made under liability policies written in the corresponding years; but in any event, such reserve shall, for the first of such three years, be not less than seven hundred fifty dollars for each outstanding liability suit on said year’s policies.
3. For all compensation claims under policies written more than three years prior to the date as of which the statement is made, the present values at four percent interest of the determined and the estimated future payments.
4. For all compensation claims under policies written in the three years immediately preceding the date as of which the statement is made, such reserve shall be sixty-five percent of the earned compensation premiums of each of such three years, less all loss and loss expense payments in connection with such claims under policies written in the corresponding years; but in any event, in the case of the first year of any of such three-year period such reserve shall be not less than the present value at four percent interest of the determined and the estimated unpaid compensation claims under policies written during such year.
[C24, 27, 31, 35, 39, §9025; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §517.1]
2015 Acts, ch 29, §79
2023 Iowa Code › Title XIII - COMMERCE › Chapter 517 - EMPLOYERS LIABILITY INSURANCE › Section 517.2 - Terms defined.

517.2 Terms defined.
As used in this chapter, unless the context otherwise requires:
1. a. “Earned premiums” shall include gross premiums charged on all policies written, including all determined excess and additional premiums, less returned premiums, other than premiums returned to policyholders as dividends, and less reinsurance premiums and premiums on policies canceled, and less unearned premiums on policies in force.
b. Any participating company which has charged in its premiums a loading solely for dividends shall not be required to include such loading in its earned premiums, provided a statement of the amount of such loading has been filed with and approved by the commissioner of insurance.
2. “Compensation” shall relate to all insurances affected by virtue of statutes providing compensation to employees for personal injuries irrespective of fault of the employer.
3. “Liability” shall relate to all insurance, except compensation insurance, against loss or damage from accident to or injuries suffered by an employee or other person and for which the insured is liable.
4. “Loss payments” and “loss expense payments” shall include all payments to claimants, including payments for medical and surgical attendance, legal expenses, salaries and expenses of investigators, and field personnel, rents, stationery, telegraph and telephone charges, postage, salaries and expenses of office employees, home office expenses, and all other payments made on account of claims, whether such payments shall be allocated to specific claims or unallocated.
[C24, 27, 31, 35, 39, §9026; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §517.2]
2015 Acts, ch 30, §166
2023 Iowa Code › Title XIII - COMMERCE › Chapter 517 - EMPLOYERS LIABILITY INSURANCE › Section 517.4 - Reports required.

517.4 Reports required.
Each insurer that writes liability or compensation policies shall include in the annual statement required by law a schedule of its experience thereunder in such form as the commissioner of insurance may prescribe.
[C24, 27, 31, 35, 39, §9028; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §517.4]
Annual statement, §515.63
2023 Iowa Code › Title XIII - COMMERCE › Chapter 517 - EMPLOYERS LIABILITY INSURANCE › Section 517.5 - Inspection not basis for civil liability.

517.5 Inspection not basis for civil liability.
No inspection of any place of employment made by insurance company inspectors or other inspectors inspecting for group self-insurance purposes shall be the basis for the imposition of civil liability upon the inspector or upon the insurance company employing the inspector or upon any group organized for self-insurance purposes which employs an inspector and is regulated by the insurance departments; but this provision refers only to liability arising out of the making of an inspection and shall not be construed to deny or limit the liability of any employer to the employer’s employees or the liability of any insurance carrier on its insurance policy.
[C79, 81, §517.5]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 517 - EMPLOYERS LIABILITY INSURANCE › Section 517.6 - Issuance of employers’ liability coverage.

517.6 Issuance of employers’ liability coverage.
An insurer intending to issue a policy providing employers’ liability insurance only and covering a corporate officer excluded from workers’ compensation coverage by the signing of a written rejection of workers’ compensation coverage under section 87.22, shall file the policy with and obtain the approval of the commissioner of insurance. The filing shall include the premium rates which will apply to the employers’ liability coverage.
83 Acts, ch 36, §6, 8
2023 Iowa Code › Title XIII - COMMERCE › Chapter 517A - LIABILITY INSURANCE FOR PUBLIC EMPLOYEES › Section 517A.1 - Authority to purchase.

517A.1 Authority to purchase.
1. All state commissions, departments, boards, and agencies and all commissions, departments, boards, districts, municipal corporations, and agencies of all political subdivisions of the state of Iowa not otherwise authorized are hereby authorized and empowered to purchase and pay the premiums on liability, personal injury, and property damage insurance covering all officers, proprietary functions, and employees of such public bodies, including volunteer fire fighters, while in the performance of any or all of their duties including operating an automobile, truck, tractor, machinery, or other vehicles owned or used by said public bodies, which insurance shall insure, cover, and protect against individual personal, corporate, or quasi corporate liability that said bodies or their officers or employees may incur.
2. The form and liability limits of any such liability insurance policy purchased by any commission, department, board, or agency of the state of Iowa shall be subject to the approval of the attorney general.
[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §517A.1]
2021 Acts, ch 76, §150
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.1 - Incorporation.

518.1 Incorporation.
Corporations formed to operate as county mutual insurance associations shall be governed by the provisions of chapter 491, except as modified by the provisions of this chapter.
[C66, 71, 73, 75, 77, 79, 81, §518.1]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.2 - Articles — approval — bylaws.

518.2 Articles — approval — bylaws.
The articles of incorporation, and any subsequent amendments, of an organization shall be filed with and approved by the commissioner of insurance before filing with the secretary of state. The organization shall file with the commissioner bylaws and subsequent amendments to the bylaws within thirty days of adoption of the bylaws or amendments.
[C66, 71, 73, 75, 77, 79, 81, §518.2]
99 Acts, ch 165, §15; 2009 Acts, ch 145, §26
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.3 - Certificate — recording.

518.3 Certificate — recording.
If the commissioner of insurance approves the articles of incorporation, the commissioner shall so certify and the articles with the certificates of approval shall then be recorded and certified by the secretary of state.
[C66, 71, 73, 75, 77, 79, 81, §518.3]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.4 - Identification as to type of insurer.

518.4 Identification as to type of insurer.
Any association incorporated under the laws of this state for the purpose of furnishing insurance as provided for in this chapter shall be known as a county mutual insurance association. The words “mutual” and “association” shall be incorporated in and become a part of its name.
[C97, §1760; S13, §1759-b; C24, 27, 31, 35, 39, §9030; C46, 50, 54, 58, 62, §518.2; C66, 71, 73, 75, 77, 79, 81, §518.4]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.5 - Commencement of business — conditions.

518.5 Commencement of business — conditions.
A county mutual insurance association formed on or after July 1, 2009, shall not issue policies until applications for insurance of not less than one hundred thousand dollars, representing at least two hundred applicants, have been received, and no application for insurance during the period of organization shall exceed two percent of the amount required for organization, any reinsurance taking effect simultaneously with the policy being deducted in determining such maximum single risk.
[C66, 71, 73, 75, 77, 79, 81, §518.5]
2009 Acts, ch 145, §27
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.6 - Powers of the members.

518.6 Powers of the 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 addition or amendment has been mailed to each member at least ten days in advance of the meeting in which such proposed action is to be considered, and provided that no amendment shall become effective until approved by the commissioner of insurance and recorded in the office of the secretary of state.
[C66, 71, 73, 75, 77, 79, 81, §518.6]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.6A - Remote participation in meetings of members.

518.6A Remote participation in meetings of members.
1. Members of any class may participate in any meeting of the members by means of remote communication to the extent the board of directors authorizes such participation for such class. Participation as a member by means of remote communication shall be subject to such guidelines and procedures as the board of directors adopts, and shall be in conformity with subsection 2.
2. Members participating in a meeting of the members by means of remote communication shall be deemed present and may vote at such a meeting if the association has implemented reasonable measures to do all of the following:
a. Verify that each person participating remotely as a member is a member.
b. Provide such members a reasonable opportunity to participate in the meeting and to vote on matters submitted to the members, including an opportunity to communicate, and to read or hear the proceedings of the meeting, substantially concurrently with such proceedings.
3. Unless the bylaws require the meeting of the members to be held at a place, the board of directors may determine that any meeting of the members shall not be held at any place and shall instead be held solely by means of remote communication, but only if the association implements the measures specified in subsection 2.
2021 Acts, ch 165, §234, 248
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.7 - Officers and directors — election.

518.7 Officers and directors — election.
Officers or directors shall be elected in the manner and for the length of time prescribed in the articles of incorporation. The same person shall not simultaneously hold the offices of president and secretary. A director shall be a member of the association.
[C66, 71, 73, 75, 77, 79, 81, §518.7]
97 Acts, ch 186, §22; 2000 Acts, ch 1023, §35
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.8 - Bylaws.

518.8 Bylaws.
The directors of the association shall have the authority to enact such bylaws and regulations not inconsistent with law as they consider necessary for the regulation and conduct of the business. No change in the bylaws shall have the effect of limiting coverage under existing policies of insurance. An association shall file with the commissioner bylaws and subsequent amendments to the bylaws within thirty days of the adoption of the bylaws and amendments.
[C66, 71, 73, 75, 77, 79, 81, §518.8]
2000 Acts, ch 1023, §36
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.9 - Eligibility for membership.

518.9 Eligibility for membership.
The members of the association shall consist of those persons or organizations insured therein. The words “persons” and “members” as used in this chapter shall be construed to mean trustees, administrators, and all other individuals, public or private corporations or associations. Insurance on the property of one or more minors may be granted on application of an adult parent, friend or guardian who consents to become a member as representing such minor.
[C66, 71, 73, 75, 77, 79, 81, §518.9]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.10 - Territorial limitations.

518.10 Territorial limitations.
The territory of any association shall be limited to the county in which its principal place of business is located, and to the counties contiguous thereto, and no coverage shall be placed on property located outside of this territory; provided, however, that the insurance may be extended, if the policy so provides, to cover personal property while temporarily removed to other locations.
[C97, §1760; S13, §1759-b; C24, 27, 31, 35, 39, §9030; C46, 50, 54, 58, 62, §518.2; C66, 71, 73, 75, 77, 79, 81, §518.10]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.11 - Kinds of insurance.

518.11 Kinds of insurance.
1. Any association organized under this chapter is authorized to insure or to accept reinsurance against loss or damage by:
a. Any peril or perils resulting in physical loss or damage to property;
b. Theft of personal property;
c. Injury, sickness or death of animals and the furnishing of veterinary service.
2. Such contracts of insurance shall be subject only to such provisions as are contained in this chapter and shall consist of:
a. An application on blanks furnished by the association and signed by the insured or the insured’s representatives;
b. A policy issued by the association in accordance with its rules, and approved by the commissioner of insurance.
[C66, 71, 73, 75, 77, 79, 81, §518.11]
2012 Acts, ch 1023, §157
Referred to in §518.17
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.12 - Properties to be insured.

518.12 Properties to be insured.
County mutual insurance associations are permitted to insure only the following classes of property:
1. Farm property, including residences and other farm buildings and all classes of personal property in connection therewith;
2. Buildings and personal property used in the processing of agricultural products in conjunction with a farming operation;
3. City and suburban residences, including household and personal effects;
4. Churches, schools and community buildings.
[C66, 71, 73, 75, 77, 79, 81, §518.12]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.13 - Premium charges.

518.13 Premium charges.
Any association may by action of its board of directors establish premium charges for the purpose of payment of losses and expenses and for the establishment or maintenance of a reserve fund.
[C66, 71, 73, 75, 77, 79, 81, §518.13]
2009 Acts, ch 145, §28
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.15 - Reports, examinations, and renewals.

518.15 Reports, examinations, and renewals.
1. The president or the vice president and secretary of each association authorized to do business under this chapter shall annually before the first day of March prepare under oath and file with the commissioner of insurance a full, true, and complete statement of the condition of such association on the last day of the preceding year. The commissioner of insurance shall prescribe the report forms and shall determine the information and data to be reported.
2. Such associations shall pay the same expenses of any examination made or ordered to be made by the commissioner of insurance and the same fees for the annual reports and annual certificates of authority as are required to be paid by domestic companies organized and doing business under chapter 515.
3. A certificate of authority of an association formed under this chapter expires on June 1 succeeding its issue and shall be renewed annually so long as the association transacts its business in accordance with all legal requirements. An association shall submit annually, on or before March 1, a completed application for renewal of its certificate of authority.
4. The commissioner shall refuse to renew the certificate of authority of an association that fails to comply with the provisions of this chapter.
5. An association formed under this chapter that fails to timely file the statement required under subsection 1 or the application for renewal required under subsection 3 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. The association’s right to transact new business in this state shall immediately cease until the association has fully complied with this chapter.
6. The commissioner may give notice to an association that the association has not timely filed the statement required under subsection 1 or an application for renewal under subsection 3 and is in violation of this section. If the association fails to file the required statement or application and comply with this section within ten days of the date of the notice, the association shall pay an additional administrative penalty of one hundred dollars for each day that the failure continues to the treasurer of state for deposit as provided in section 505.7.
[C66, 71, 73, 75, 77, 79, 81, §518.15]
88 Acts, ch 1112, §108; 2006 Acts, ch 1117, §91; 2009 Acts, ch 181, §83
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.16 - Soliciting application for insurance — license required.

518.16 Soliciting application for insurance — license required.
A person shall not solicit any application for insurance for an association in this state without having procured from the commissioner of insurance a license authorizing the person to act as an insurance producer pursuant to chapter 522B.
[C66, 71, 73, 75, 77, 79, 81, §518.16; 82 Acts, ch 1003, §8]
95 Acts, ch 185, §27; 2001 Acts, ch 118, §16
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.16A - Limitation on termination of independent insurance producers.

518.16A Limitation on termination of independent insurance producers.
A county 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, §25
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.17 - Reinsurance.

518.17 Reinsurance.
1. A county 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 518.11.
2. Reinsurance sufficient to protect the financial stability of the county mutual insurance association is also required. In general, reinsurance coverage obtained by a county mutual insurance 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.
[C66, 71, 73, 75, 77, 79, 81, §518.17]
91 Acts, ch 26, §47; 99 Acts, ch 165, §16; 2000 Acts, ch 1023, §38; 2002 Acts, ch 1111, §26; 2002 Acts, ch 1119, §183; 2009 Acts, ch 145, §32
Referred to in §521.13
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.18 - Premium tax.

518.18 Premium tax.
After January 1, 1966, every association doing business under this chapter shall be required to pay to the director of the department of revenue, or a depository designated by the director, as taxes an amount equal to the following:
1. The applicable percent of the gross amount of premiums received during the preceding calendar year, after deducting the amount returned upon the canceled policies, certificates, and rejected applications; and after deducting premiums paid for windstorm or hail reinsurance on properties specifically reinsured. However, the reinsurer of such windstorm or hail risks shall pay the applicable percent of the gross amount of reinsurance premiums received upon such risks after deducting the amounts returned upon canceled policies, certificates, and rejected applications. 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 county mutual insurance association that fails to pay its premium tax on or before the due date.
3. a. Each county 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 county 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.
[C66, 71, 73, 75, 77, 79, 81, §518.18]
2003 Acts, ch 145, §286; 2003 Acts, ch 179, §136, 159; 2004 Acts, ch 1175, §339, 348
Referred to in §432.1
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.19 - Proof of loss.

518.19 Proof of loss.
A proof of loss shall contain such information as is required by the policy provisions of the association, which information shall be signed and sworn to by the insured.
[C66, 71, 73, 75, 77, 79, 81, §518.19]
2009 Acts, ch 145, §33
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.20 - Reporting of livestock losses.

518.20 Reporting of livestock losses.
In the event of loss of livestock, the insured shall give notice to the association in sufficient time to permit the performance by a licensed veterinarian of a postmortem examination of the livestock for which claim is made, but in no event later than forty-eight hours from the time of occurrence.
[C66, 71, 73, 75, 77, 79, 81, §518.20]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.21 - Reporting of losses of crops by hail.

518.21 Reporting of losses of crops by hail.
In the event of loss to growing crops by hail, notice of such loss must be given by mailing to the association a certified letter within ten days from the time such loss or damage occurred.
[C66, 71, 73, 75, 77, 79, 81, §518.21]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.22 - Limitation of action.

518.22 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.
[C66, 71, 73, 75, 77, 79, 81, §518.22]
2009 Acts, ch 145, §34
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.23 - Cancellation or nonrenewal of policies — notice.

518.23 Cancellation or nonrenewal of policies — 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 in writing the reason for the cancellation.
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 the reason for the nonrenewal in writing.
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.
[C66, 71, 73, 75, 77, 79, 81, §518.23]
2000 Acts, ch 1023, §39; 2001 Acts, ch 69, §35; 2003 Acts, ch 91, §47; 2009 Acts, ch 145, §35
Referred to in §515F.39
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.25 - Surplus.

518.25 Surplus.
An association organized under this chapter before July 1, 2009, shall at all times maintain a surplus of not less than fifty 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 one hundred thousand dollars or one-tenth of one percent of the gross risk in force, whichever is greater.
90 Acts, ch 1234, §70; 99 Acts, ch 165, §17; 2002 Acts, ch 1111, §27; 2009 Acts, ch 145, §36
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.26 - Loans to officers prohibited.

518.26 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 an employee of the association.
95 Acts, ch 185, §28
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.27 - Form — approval.

518.27 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 county mutual insurance association doing business in this state under the provisions of this chapter, shall first be examined and approved by the commissioner of insurance.
95 Acts, ch 185, §29
Referred to in §518.28
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.28 - Failure to file copy.

518.28 Failure to file copy.
Upon the failure of a county mutual insurance association to file a copy of its forms of policies or contracts pursuant to section 518.27, 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, §30; 2001 Acts, ch 24, §56
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS › Section 518.29 - Disapproval of filings.

518.29 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 county 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 county mutuals 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, §31; 2021 Acts, ch 76, §150
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.1 - Organization — purpose and powers.

518A.1 Organization — purpose and powers.
1. Any number of persons may, by incorporating under chapter 491, enter into contracts with each other for the following kinds of insurance from loss or damage by:
a. Any peril or perils resulting in physical loss of or damage to property.
b. Theft of personal property.
c. Injury, sickness, or death of animals and the furnishing of veterinary service.
d. Any vehicle, excluding automobile or aircraft, including loss and expense resulting from the ownership, maintenance, or use thereof, but shall not include insurance against bodily injury to the person.
2. For the purpose of this protection these contracts of insurance shall be subject only to such provisions as are contained in this chapter and shall consist of:
a. An application on blanks furnished by the association and signed by the insured or the insured’s representative, which may contain in addition to other provisions:
(1) The value of the property.
(2) The proper description of the property.
(3) The amount of other insurance and the encumbrance on the property.
(4) Agreement to be governed by the articles of incorporation and bylaws in force at the time the policy is issued.
(5) A representation that the foregoing statements are true as far as the same are known to the insured or material to the risk.
(6) That the insurance shall take effect when approved by the secretary.
b. A policy issued by the association in accordance with its rules, and approved by the commissioner of insurance.
3. Such associations may insure risks of their members or may reinsure risks of other associations or companies.
4. The words “persons” and “members” as used in this chapter shall be construed to mean trustees, administrators, and all other individuals, public or private corporations or associations.
5. Insurance on the property of one or more minors may be granted on application of an adult parent, friend, or guardian who consents to become a member as representing such minor.
[C73, §1160; C97, §1759; S13, §1759-a; C24, 27, 31, 35, 39, §9029; C46, 50, 54, 58, 62, §518.1; C66, 71, 73, 75, 77, 79, 81, §518A.1]
88 Acts, ch 1112, §510; 2007 Acts, ch 137, §18; 2015 Acts, ch 30, §168
Referred to in §518A.44
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.2 - State mutual insurance associations.

518A.2 State mutual insurance associations.
Any association incorporated under the laws of this state for the purpose of furnishing insurance as provided for in this chapter is authorized to do business in the county in which its principal place of business is located, the counties contiguous thereto, and the next tier of contiguous counties and in other states where they are legalized and authorized to do business. Each association seeking to modify its authorized writing territory shall file with the commissioner a plan for controlled expansion demonstrating that provisions have been made adequately to service and protect policyholders. The expansion plan shall not be modified without the prior written approval of the commissioner, which approval shall not be unreasonably withheld. The words “mutual” and “association” shall be incorporated in and become a part of their name.
[C97, §1760; S13, §1759-b; C24, 27, 31, 35, 39, §9030; C46, 50, 54, 58, 62, §518.2; C66, 71, 73, 75, 77, 79, 81, §518A.2]
2002 Acts, ch 1111, §28
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.3 - Meetings.

518A.3 Meetings.
Unless the time and place of holding the annual meeting of the members of any association transacting business under the provisions of this chapter are plainly stated in their articles of incorporation or bylaws, twenty days’ notice of the time and place of holding of said meetings shall be given to all members of the association. Annual meetings may adjourn from time to time.
[S13, §1759-o; C24, 27, 31, 35, 39, §9031; C46, 50, 54, 58, 62, §518.3; C66, 71, 73, 75, 77, 79, 81, §518A.3]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.3A - Remote participation in meetings of members.

518A.3A Remote participation in meetings of members.
1. Members of any class may participate in any meeting of members by means of remote communication to the extent the board of directors authorizes such participation for such class. Participation as a member by means of remote communication shall be subject to such guidelines and procedures as the board of directors adopts, and shall be in conformity with subsection 2.
2. Members participating in a meeting of the members by means of remote communication shall be deemed present and may vote at such a meeting if the association has implemented reasonable measures to do all of the following:
a. Verify that each person participating remotely as a member is a member.
b. Provide such members a reasonable opportunity to participate in the meeting and to vote on matters submitted to the members, including an opportunity to communicate, and to read or hear the proceedings of the meeting, substantially concurrently with such proceedings.
3. Unless the bylaws require the meeting of the members to be held at a place, the board of directors may determine that any meeting of the members shall not be held at any place and shall instead be held solely by means of remote communication, but only if the association implements the measures specified in subsection 2.
2021 Acts, ch 165, §235, 248
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.5 - Articles and bylaws part of policy.

518A.5 Articles and bylaws part of policy.
When such articles of incorporation and bylaws are printed on the policy they become a part thereof and are binding upon the association and the insured alike.
[C24, 27, 31, 35, 39, §9033; C46, 50, 54, 58, 62, §518.5; C66, 71, 73, 75, 77, 79, 81, §518A.5]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.6 - Officers — election.

518A.6 Officers — election.
Officers or directors shall be elected in the manner and for the length of time prescribed in the articles of incorporation or bylaws. The same person shall not simultaneously hold the offices of president and secretary. A director shall be a member of the association.
[C24, 27, 31, 35, 39, §9034; C46, 50, 54, 58, 62, §518.6; C66, 71, 73, 75, 77, 79, 81, §518A.6]
97 Acts, ch 186, §23; 2000 Acts, ch 1023, §40
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.6A - Bylaws.

518A.6A Bylaws.
The directors of the association may enact the bylaws and regulations not inconsistent with law as they consider necessary for the regulation and conduct of the business. A change in the bylaws shall not limit coverage under existing policies of insurance. An association shall file with the commissioner bylaws and amendments to bylaws within thirty days of adoption.
2000 Acts, ch 1023, §41
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.8 - Articles — approval — bylaws.

518A.8 Articles — approval — bylaws.
The articles of incorporation, and any subsequent amendments, to the articles of an organization shall be filed with and approved by the commissioner of insurance before filing with the secretary of state. The organization shall file with the commissioner bylaws and subsequent amendments to the bylaws within thirty days of adoption of the bylaws or amendments.
[C97, §1761; S13, §1759-c; C24, 27, 31, 35, 39, §9036; C46, 50, 54, 58, 62, §518.8; C66, 71, 73, 75, 77, 79, 81, §518A.8]
99 Acts, ch 165, §19; 2009 Acts, ch 145, §38
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.9 - Premium charges.

518A.9 Premium charges.
An association, by action of its board of directors, may establish premium charges for the purpose of payment of losses and expenses and for the establishment or maintenance of a reserve fund.
[C97, §1765; S13, §1759-h; C24, 27, 31, 35, 39, §9037; C46, 50, 54, 58, 62, §518.9; C66, 71, 73, 75, 77, 79, 81, §518A.9]
2000 Acts, ch 1023, §43; 2009 Acts, ch 145, §39
Referred to in §519.11
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.18 - Annual report — penalties.

518A.18 Annual report — penalties.
1. An association doing business under this chapter, on or before March 1 of each year, shall prepare under oath and file with the commissioner of insurance an accurate and complete statement of the condition of the association as of the last day of the preceding calendar year. The statement shall conform to the annual statement blank prepared pursuant to instructions prescribed by the commissioner. All financial information reflected in the annual report shall be kept and prepared pursuant to accounting practices and procedures prescribed by the commissioner. Statements filed with the commissioner pursuant to this section shall be tabulated and published by the commissioner of insurance in the annual report of insurance.
2. An association that fails to timely file the statement required under subsection 1 is in violation of this section and shall pay an administrative penalty of five hundred dollars for each violation to the treasurer of state for deposit as provided in section 505.7.
3. The commissioner may give notice to an association that the association has not timely filed the statement required under subsection 1 and is in violation of this section. If the association fails to file the required statement and comply with this section within ten days of the date of the notice, the association shall pay an additional administrative penalty of one hundred dollars for each day that each failure continues to the treasurer of state for deposit as provided in section 505.7.
4. The association’s right to transact new business in this state shall immediately cease until the association has fully complied with this chapter.
[C73, §1160; C97, §1762, 1763; S13, §1759-d, -e; C24, 27, 31, 35, 39, §9044; C46, 50, 54, 58, 62, §518.18; C66, 71, 73, 75, 77, 79, 81, §518A.18]
85 Acts, ch 228, §8; 2000 Acts, ch 1023, §46; 2006 Acts, ch 1117, §92; 2009 Acts, ch 181, §84
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.19 - Proof of loss.

518A.19 Proof of loss.
A proof of loss shall contain such information as is required by the policy provisions of the association, which information shall be signed and sworn to by the insured.
[C24, 27, 31, 35, 39, §9045; C46, 50, 54, 58, 62, §518.19; C66, 71, 73, 75, 77, 79, 81, §518A.19]
2009 Acts, ch 145, §43
2023 Iowa Code › Title XIII - COMMERCE › Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS › Section 518A.20 - Five-day limit.

518A.20 Five-day limit.
In case of damage or loss to livestock by fire or lightning or loss or damage to automobiles or aircraft by theft or fire, notice of such loss must be given the association by mailing written notice within five days from the time such loss or damage occurred.
[C24, 27, 31, 35, 39, §9046; C46, 50, 54, 58, 62, §518.20; C66, 71, 73, 75, 77, 79, 81, §518A.20]