reglab/statecodes huggingface dataset:
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.18 - Health care insurance quality and costs — annual report.

505.18 Health care insurance quality and costs — annual report.
1. Consumers deserve to know the quality and cost of their health care insurance. Health care insurance transparency provides consumers with the information necessary, and the incentive, to choose health plans based on cost and quality. Reliable cost and quality information about health care insurance empowers consumer choice and consumer choice creates incentives at all levels, and motivates the entire health care delivery system to provide better health care and health care benefits at a lower cost. It is the purpose of this section to make information regarding the costs of health care insurance readily available to consumers through the consumer advocate bureau of the insurance division.
2. The commissioner in collaboration with the consumer advocate shall prepare and deliver a report to the governor and to the general assembly no later than November 15 of each year that provides findings regarding health spending costs for health insurance carriers in the state for the previous calendar year. The commissioner may contract with outside vendors or entities to assist in providing the information contained in the annual report. The report shall provide, at a minimum, the following information:
a. Aggregate health insurance data concerning loss ratios of health insurance carriers licensed to do business in the state.
b. Rate increase data.
c. Health care expenditures in the state and the effect of such expenditures on health insurance premium rates.
d. A ranking and quantification of those factors that result in higher costs and those factors that result in lower costs for each health insurance carrier in the state.
e. The current capital and surplus and reserve amounts held in reserve by each health insurance carrier licensed to do business in the state.
f. A listing of any apparent medical trends affecting health insurance costs in the state.
g. Any additional data or analysis deemed appropriate by the commissioner to provide the general assembly with pertinent health insurance cost information.
h. Recommendations made by the work group convened pursuant to section 505.8, subsection 18.
2010 Acts, ch 1121, §7, 33; 2011 Acts, ch 70, §4, 5
Referred to in §505.7, 505.8
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.18A - State innovation waivers.

505.18A State innovation waivers.
1. The commissioner of insurance may develop by rule a state innovation waiver pursuant to section 1332 of the federal Patient Protection and Affordable Care Act, Pub. L. No. 111-148.
2. The commissioner of insurance may submit an application on behalf of the state to the United States secretary of health and human services and the United States secretary of the treasury for the state innovation waiver developed pursuant to subsection 1.
3. If a state innovation waiver submitted pursuant to subsection 2 is approved by the United States secretary of health and human services and the United States secretary of the treasury, the commissioner of insurance may implement the state innovation waiver in a manner consistent with applicable state and federal law.
4. The commissioner of insurance may adopt emergency rules under section 17A.4, subsection 3, and section 17A.5, subsection 2, paragraph “b”, to implement the provisions of this section and the rules shall be effective immediately upon filing unless a later date is specified in the rules. Any rules adopted in accordance with this section shall also be published as a notice of intended action as provided in section 17A.4.
2021 Acts, ch 181, §51
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.20 - Certain agricultural organizations exempt from regulation.

505.20 Certain agricultural organizations exempt from regulation.
1. A health benefit plan, sponsored by a nonprofit agricultural organization domiciled in this state and created primarily to promote programs for the development of rural communities and the economic stability and sustainability of farmers in the state which meets the requirements set forth in subsection 2, shall be deemed to not be insurance and shall not be subject to the provisions of this subtitle, to the extent such plan, after January 1, 2018, provides health benefits under a self-funded arrangement that is administered by a domestic entity that is registered as a third-party administrator pursuant to chapter 510 and that has continuously provided, either directly or through an affiliate, health care administrative services to the nonprofit agricultural organization or its affiliates for a period in excess of ten years.
2. A nonprofit agricultural organization providing a health benefit plan to its members under this section must meet all of the following requirements:
a. Have been in existence for twenty-five continuous years prior to the issuance of health benefits to members of the organization.
b. Provide membership opportunities for eligible individuals in all ninety-nine counties of the state.
c. Collect annual dues from members.
d. Hold regular meetings to further the purposes of the members.
e. Provide the members with representation on its governing board and committees.
f. Provide education, mentoring, and financial assistance to grow and expand rural businesses in the state.
g. Have contracted with the domestic entity described in subsection 1 to administer the health benefit plan.
3. Such nonprofit agricultural organization shall file a certification with the commissioner that the organization meets the foregoing requirements prior to providing health benefits under a self-funded arrangement to its members.
2018 Acts, ch 1063, §1
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.21 - Health care access — duties of commissioner — penalties.

505.21 Health care access — duties of commissioner — penalties.
1. The commissioner shall adopt rules establishing a requirement that an employer provide access to health care to the employees of the employer. The rules shall provide that an employer doing business within this state shall offer each employee, at a minimum, access to health insurance. The requirement contained in this section may be satisfied by offering any of the following:
a. Health care coverage through an insurer or health maintenance organization authorized to do business in this state.
b. Access to health benefits through a health benefits plan qualified under the federal Employee Retirement Income Security Act of 1974.
2. An employer may financially contribute toward the employee’s health benefit plan. The employer shall offer payroll deduction of employee contributions and direct deposit of premium payments related to a health insurance purchasing cooperative or other health care coverage.
3. A violation of this section may be reported to the consumer and legal affairs bureau in the insurance division. The division may issue, upon a finding that an employer has failed to offer an employee access to health insurance, any of the following:
a. A cease and desist order instructing the employer to cure the failure and desist from future violations of this section.
b. An order requiring an employer who has previously been the subject of a cease and desist order to pay an employee’s reasonable health insurance premiums necessary to prevent or cure a lapse in health care coverage arising out of the employer’s failure to offer as required.
c. An order upon the employer assessing the reasonable costs of the division’s investigation and enforcement action.
94 Acts, ch 1176, §6; 98 Acts, ch 1217, §38
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.22 - Certain religious organization activities exempt from regulation.

505.22 Certain religious organization activities exempt from regulation.
A religious organization which, through its publication to subscribers, solicits funds for the payment of medical expenses of other subscribers, shall not be considered to be engaging in the business of insurance for purposes of this chapter or any other provision of this title, and shall not be subject to the jurisdiction of the commissioner of insurance, if all of the following apply:
1. The religious publication is provided by a nonprofit charitable organization described in section 501(c)(3) of the Internal Revenue Code.
2. Participation is limited to subscribers who are members of the same denomination or religion.
3. The publication is registered with the United States postal service and acts as an organizational clearinghouse for information between subscribers who have financial, physical, or medical needs, and subscribers who choose to assist with those needs, matching subscribers with the present ability to pay with subscribers with a present financial or medical need.
4. The organization, through its publication, provides for the payment for subscriber financial or medical needs through direct payments from one subscriber to another.
5. The organization, through its publication, suggests amounts to contribute that are voluntary among the subscribers, with no assumption of risk or promise to pay either among the subscribers or between the subscribers and the publication.
95 Acts, ch 185, §3
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.23 - Hearings.

505.23 Hearings.
If an evidentiary hearing is conducted in a proceeding pursuant to section 508B.7, 515G.7, 521A.3, or 521A.14, or in a proceeding with respect to a merger or consolidation pursuant to chapter 521, the proceeding is a contested case subject to chapter 17A.
2000 Acts, ch 1023, §6
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.24 - Sale of policy term information by consumer reporting agency.

505.24 Sale of policy term information by consumer reporting agency.
1. For purposes of this section, unless the context otherwise requires, “consumer reporting agency” means any person that for monetary fees, dues, or on a cooperative nonprofit basis regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties and that uses any means or facility of interstate commerce for the purpose of preparing or furnishing consumer reports.
2. A consumer reporting agency shall not provide or sell data or lists that include any information that in whole or in part was submitted in conjunction with an insurance inquiry about a consumer’s credit information or a request for a credit report or insurance score. Information submitted in conjunction with an insurance inquiry about a consumer includes, but is not limited to, the expiration dates of an insurance policy or any other information that may identify time periods during which a consumer’s insurance may expire and the terms and conditions of the consumer’s insurance coverage.
3. The restrictions provided in subsection 2 do not apply to data or lists supplied by a consumer reporting agency to an insurance producer from whom information was received, the insurer on whose behalf such producer acted, or such insurer’s affiliates or holding companies.
4. This section shall not be construed to restrict any insurer from being able to obtain a claims history report or a motor vehicle report.
2003 Acts, ch 91, §3
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.25 - Information provided to medical assistance program, hawk-i program, and child support recovery unit.

505.25 Information provided to medical assistance program, hawk-i program, and child support recovery unit.
A carrier, as defined in section 514C.13, shall enter into a health insurance data match program with the department of human services for the sole purpose of comparing the names of the carrier’s insureds with the names of recipients of the medical assistance program under chapter 249A, individuals under the purview of the child support recovery unit pursuant to chapter 252B, or enrollees of the hawk-i program under chapter 514I.
2004 Acts, ch 1175, §153, 162; 2005 Acts, ch 175, §123; 2006 Acts, ch 1119, §6
Referred to in §249A.37, 252B.9
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.27 - Medical malpractice insurance — annual claims reports required.

505.27 Medical malpractice insurance — annual claims reports required.
1. An insurer providing medical malpractice insurance coverage to Iowa health care providers shall file annually on or before June 1 with the commissioner a report of all medical malpractice insurance claims, both open claims and closed claims filed during the reporting period, against any such Iowa insureds during the preceding calendar year.
2. The report shall be in writing and contain all of the following information aggregated by specialty area and paid loss and paid expense categories established by the commissioner:
a. The total number of claims in the reporting period and the nature and substance of such claims.
b. The total amounts paid within six months after final disposition of the claims.
c. The total amount reserved for the payment of claims incurred and reported but not disposed.
d. The expenses, as set forth by rule, related to the claims.
e. Any other additional information as required by the commissioner by rule.
3. The commissioner shall compile annually the data included in reports filed by insurers pursuant to this section into an aggregate form by insurer, except that such data shall not include information that directly or indirectly identifies any individual, including a patient, an insured, or a health care provider. The commissioner shall submit a written report summarizing such data along with any recommendations to the general assembly and the governor annually by December 1.
4. A report prepared pursuant to subsection 1 or 3 shall be open to the public and shall be made available to a requesting party by the commissioner at no charge, except that any identifying information of any individual, including a patient, an insured, or health care provider, shall remain confidential.
5. For purposes of this section:
a. “Health care provider” means the same as defined in section 135.61, a hospital licensed pursuant to chapter 135B, or a health care facility licensed pursuant to chapter 135C.
b. “Insurer” means an insurance company authorized to transact insurance business in this state. “Insurer” does not include a health care provider who maintains professional liability insurance coverage through a self-insurance plan, an unauthorized insurance company transacting business with an insured person in this state, or a person not authorized to transact insurance business in this state.
2006 Acts, ch 1128, §3; 2017 Acts, ch 29, §141; 2019 Acts, ch 59, §177
Referred to in §135P.4
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.27A - Sale of life insurance to military personnel.

505.27A Sale of life insurance to military personnel.
Notwithstanding any other provision of this title, the commissioner of insurance shall have the authority to adopt such rules related to the sale of life insurance, other than the servicemembers’ group life insurance program under 38 U.S.C. pt. II, ch. 19, subch. III, as may be necessary to protect military personnel located either on a United States military installation or elsewhere in this state and to carry out the provisions of this title.
2007 Acts, ch 137, §7
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.28 - Consent to jurisdiction.

505.28 Consent to jurisdiction.
A person committing any act governed by chapter 502, 502A, this chapter, chapters 505A through 523G, or 523I constitutes consent by that person to the jurisdiction of the commissioner of insurance and the district courts of this state.
2006 Acts, ch 1117, §16; 2011 Acts, ch 25, §61
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.29 - Administrative hearings — authority to appoint hearing officer.

505.29 Administrative hearings — authority to appoint hearing officer.
The commissioner of insurance shall have the authority to appoint as a hearing officer a designee or an independent administrative law judge. Duties of a hearing officer shall include hearing contested cases arising from conduct governed by chapters 502, 502A, this chapter, chapters 505A through 523G, and 523I. Sections 10A.801 and 17A.11 do not apply to the appointment of a designee or an administrative law judge pursuant to this section.
2006 Acts, ch 1117, §17; 2011 Acts, ch 25, §62
Referred to in §505.8, 507B.7A
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.30 - Service of process made on the commissioner as agent or attorney for service of process — rules and fee.

505.30 Service of process made on the commissioner as agent or attorney for service of process — rules and fee.
1. The commissioner may adopt rules pursuant to chapter 17A setting forth procedures related to service of process made on the commissioner as agent or attorney for service of process for an individual or entity within the jurisdiction of the commissioner. The rules shall apply when the individual or entity is required by law to appoint the commissioner to serve, is required by law to consent to have the commissioner serve, is deemed by law to have appointed or to have consented to have the commissioner serve, or elects to appoint or consents to have the commissioner serve as agent or attorney for service of process.
2. The commissioner may collect a reasonable fee each time service of process is made on the commissioner as set forth in subsection 1 or as otherwise allowed by law. A fee collected by the commissioner under this subsection shall be used and is appropriated to the insurance division to offset the costs of the commissioner acting as agent or attorney for service of process. The party to a proceeding requesting service of process is entitled to recover the fee paid pursuant to this subsection and any rules adopted under this section as costs if the party prevails in the proceeding.
3. The commissioner shall maintain for ninety days a record of each service of process made on the commissioner pursuant to this section, including the date each service of process is made on the commissioner, the date each service of process is forwarded by mail by the commissioner to the defendant or respondent, and the date each certificate of service is submitted electronically to the court. The records may be maintained electronically.
2006 Acts, ch 1117, §18; 2018 Acts, ch 1018, §2
Referred to in §502.611, 507A.5, 508E.3, 511.28, 512B.33, 514.2A, 515.77, 515E.3, 520.6, 521A.3, 521B.107, 521C.13, 523A.802A, 523C.20, 523C.21
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.31 - Reimbursement accounts — assistance to small employers.

505.31 Reimbursement accounts — assistance to small employers.
The commissioner of insurance shall assist employers with twenty-five or fewer employees with implementing and administering plans under section 125 of the Internal Revenue Code, including medical expense reimbursement accounts and dependent care accounts. The commissioner shall provide information about the assistance available to small employers on the insurance division’s internet site.
2008 Acts, ch 1188, §37, 43
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.33 - Dramshop liability insurance evaluation.

505.33 Dramshop liability insurance evaluation.
The division shall biennially conduct an evaluation concerning minimum coverage requirements of dramshop liability insurance. In conducting the evaluation, the division shall include a comparison of other states’ minimum dramshop liability insurance coverage and any other relevant issues the division identifies. By January 31, 2019, and every two years thereafter, the division shall submit a report, including any findings and recommendations, to the general assembly as provided in chapter 7A.
2018 Acts, ch 1172, §52
Dramshop liability insurance requirements, see §123.92
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505 - INSURANCE DIVISION › Section 505.34 - Medical assistance and hawk-i programs — applicability of subtitle.

505.34 Medical assistance and hawk-i programs — applicability of subtitle.
1. The medical assistance program under chapter 249A and the healthy and well kids in Iowa (hawk-i) program under chapter 514I shall not be subject to this subtitle unless otherwise provided by law.
2. A managed care organization acting pursuant to a contract with the department of human services to administer the medical assistance program under chapter 249A, or the healthy and well kids in the Iowa (hawk-i) program under chapter 514I, shall not be subject to this subtitle unless otherwise provided by law.
2022 Acts, ch 1131, §63
NEW section
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505B - INSURANCE NOTICES AND DOCUMENTS — ELECTRONIC DELIVERY AND POSTING › Section 505B.2 - Posting of documents on insurer’s internet site.

505B.2 Posting of documents on insurer’s internet site.
1. Notwithstanding any contrary provision of chapter 554D, an insurer may mail, deliver, or post on the insurer’s internet site insurance documents, including policies, riders, endorsements, and annuity contracts that do not contain personally identifiable information. If the insurer elects to post an insurance policy or endorsement on the insurer’s internet site in lieu of mailing or delivering the policy or endorsement to the insured, the insurer must comply with all of the following conditions:
a. The policy or endorsement must be accessible and remain accessible to the insured and to the licensed insurance producer of record for as long as the policy or endorsement is in force.
b. After the expiration of the policy or endorsement, the insurer must archive the expired policy or endorsement for a period of five years or other period required by law, and make the policy or endorsement available upon request.
c. The policy or endorsement must be posted in a manner that enables the insured and the licensed insurance producer of record to print and save the policy or endorsement using programs and applications that are widely available on the internet and free to use.
d. The insurer must provide the following information in, or simultaneously with, each declarations page provided at the time of issuance of the initial policy and any renewal of that policy:
(1) A description of the exact policy or endorsement purchased by the insured.
(2) A description of the insured’s right to receive, upon request and without charge, a paper copy of the insured’s policy or endorsement by mail.
(3) An internet address where the insured’s policy or endorsement is posted.
e. The insurer, upon request and without charge, must deliver a paper copy of the policy or endorsements to the insured by mail.
f. The insurer must provide notice, in the format preferred by the insured, of any changes to the policy or endorsement, the insured’s right to obtain, upon request and without charge, a paper copy of such policy or endorsement, and the internet address where such policy or endorsement is posted.
2. Nothing in this section shall be construed to affect the timing or content of any notice or document required to be provided or made available to any insured under applicable law.
2014 Acts, ch 1007, §6; 2015 Acts, ch 108, §7
2023 Iowa Code › Title XIII - COMMERCE › Chapter 505B - INSURANCE NOTICES AND DOCUMENTS — ELECTRONIC DELIVERY AND POSTING › Section 505B.3 - Applicability.

505B.3 Applicability.
The provisions of this chapter shall apply to the insurance products and documents, including insurance policies, insurance riders, insurance endorsements, and annuity contracts filed with and regulated by the commissioner of insurance under the authority provided to the commissioner by Title XIII, subtitle 1.
2014 Acts, ch 1007, §7
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.1 - Rules — limitations.

506.1 Rules — limitations.
The commissioner of insurance shall promulgate such reasonable rules and regulations as the commissioner deems necessary to assure the proper operation of newly organized insurance companies but in no event shall the commissioner:
1. Require that more than twenty percent of the original capital and surplus of a stock corporation subject to the provisions of this chapter be invested by the organizers; or
2. Restrict the alienation of securities issued to organizers for a period of more than:
a. Five years, or
b. Until the operation of the insurance company produces earned surplus for two successive years.
[C66, 71, 73, 75, 77, 79, 81, §506.1]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.2 - Sale of securities restricted.

506.2 Sale of securities restricted.
Neither the securities in a domestic insurance company, nor securities in a holding company, one of the purposes of which is to organize, purchase, or otherwise acquire control of a domestic insurance company, nor membership in an association in process of organization shall be sold or solicited until such company or association, and the promoters thereof, shall have first complied with all of the statutory provisions regulating the organization of such companies and associations, and also have secured from the commissioner of insurance a certificate indicating full compliance with the provisions of this chapter.
[S13, §1683-r3; C24, 27, 31, 35, 39, §8616; C46, 50, 54, 58, 62, §506.1; C66, 71, 73, 75, 77, 79, 81, §506.2]
88 Acts, ch 112, §501
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.3 - Certificate of compliance.

506.3 Certificate of compliance.
Before the commissioner of insurance shall issue such certificate of compliance, the commissioner shall first be satisfied with the general plan of such organization and the character of the advertising to be used; the commissioner shall also see that all rules and regulations promulgated under this chapter have been complied with and fix the time within which such organization shall be completed; the commissioner shall also prescribe the method of keeping books and accounts of insurance companies and those of fiscal agents of corporations subject to the provisions of this chapter.
[S13, §1683-r3; C24, 27, 31, 35, 39, §8617; C46, 50, 54, 58, 62, §506.2; C66, 71, 73, 75, 77, 79, 81, §506.3]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.4 - Maximum promotion expense allowed.

506.4 Maximum promotion expense allowed.
The maximum promotion expense which may be incurred shall in no case exceed fifteen percent of the sale price of said stock, and no portion of such amount shall be used in the payment of salaries for officers and directors before the issuance, by the commissioner of insurance, of authority to transact an insurance business. Any amount paid to the company for stock above the par value of the stock shall constitute a contributed surplus but no dividends shall be paid by the company except from the earned profits arising from their business, which shall not include contributed capital or contributed surplus.
[C24, 27, 31, 35, 39, §8618; C46, 50, 54, 58, 62, §506.3; C66, 71, 73, 75, 77, 79, 81, §506.4]
Referred to in §506.6, 515.10
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.5 - Regulation by commissioner.

506.5 Regulation by commissioner.
The commissioner of insurance shall have power to regulate all other matters in connection with the organization of such domestic corporations, and the sale of stock or the issuing of certificates by all insurance corporations within the state, to the end that fraud may be prevented in the organization of such companies and the sale of their stocks and securities.
[S13, §1683-r3; C24, 27, 31, 35, 39, §8619; C46, 50, 54, 58, 62, §506.4; C66, 71, 73, 75, 77, 79, 81, §506.5]
Referred to in §515.10
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.6 - Promoters restricted.

506.6 Promoters restricted.
No company shall enter into any contract with any promoter, officer, director, or agent of the company or any other person to pay the person’s expenses or to pay the person any commission or any compensation for the person’s services in promoting or organizing such company, or in selling its stock in excess of the amount authorized in section 506.4; nor shall it contract with any such person to pay the person any part of the premiums arising from the insurance it has written or may write as compensation, directly or indirectly, for aiding in the promotion or for aiding or effecting any consolidation of such company with any other company, without the approval of the commissioner of insurance.
[C24, 27, 31, 35, 39, §8620; C46, 50, 54, 58, 62, §506.5; C66, 71, 73, 75, 77, 79, 81, §506.6]
Referred to in §515.10
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.8 - Liability to stockholders.

506.8 Liability to stockholders.
Any person, association, or corporation who sells or aids in selling or causes to be sold any stock, certificate of membership, or evidence of interest in any such corporation or association, in violation of law, shall be personally liable to any person to whom the person, association or certificate of membership or evidence of interest, in an amount equal to the price paid therefor by such person with legal interest, and suit to recover the same may be brought by such purchasers, jointly or severally, in any court of competent jurisdiction.
[C24, 27, 31, 35, 39, §8622; C46, 50, 54, 58, 62, §506.7; C66, 71, 73, 75, 77, 79, 81, §506.8]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.9 - Judicial review.

506.9 Judicial review.
Judicial review of the acts of commissioner of insurance may be sought in accordance with the terms of the Iowa administrative procedure Act, chapter 17A.
[C24, 27, 31, 35, 39, §8623; C46, 50, 54, 58, 62, §506.8; C66, 71, 73, 75, 77, 79, 81, §506.9]
2003 Acts, ch 44, §114
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.10 - Sale of stock as inducement to insurance.

506.10 Sale of stock as inducement to insurance.
1. No insurance company shall issue in this state, or permit its agents, officers, or employees to issue in this state its own stock, agency company stock or other stock or securities, or any special or advisory board or other contract of any kind promising returns and profits as an inducement to insurance.
2. No insurance company shall be authorized to do business in this state which issues or permits its agents, officers, or employees to issue in this state or in any other state or territory, agency company stock or other stock or securities, or any special advisory board or other contract of any kind promising returns and profits as an inducement to insurance.
3. No corporation or stock company, acting as an agent of an insurance company, or any of its agents, officers, or employees, shall be permitted to agree to sell, offer to sell, or give or offer to give, directly or indirectly, in any manner whatsoever, any share of stock, securities, bonds, or agreement of any form or nature, promising returns and profits as an inducement to insurance, or in connection therewith.
4. Nothing contained in this section shall impair or affect in any manner any such contracts issued or made as an inducement to insurance prior to April 16, 1921, or prevent the payment of the dividends or returns therein stipulated to be paid.
5. It shall be the duty of the commissioner upon being satisfied that any insurance company, or any agent thereof, has violated any of the provisions of this section, to revoke the certificate of authority of the company or agent so offending.
[C24, 27, 31, 35, 39, §8624; C46, 50, 54, 58, 62, §506.9; C66, 71, 73, 75, 77, 79, 81, §506.10]
2018 Acts, ch 1041, §127; 2019 Acts, ch 59, §178
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.12 - Principal executive office.

506.12 Principal executive office.
An insurance company incorporated under the laws of this state for the purpose of engaging in the business of insurance shall maintain a principal executive office in this state unless otherwise allowed by the commissioner of insurance. The location of the principal executive office in this state of an insurance company incorporated under chapter 490 shall be identified in the insurance company’s articles of incorporation.
92 Acts, ch 1162, §2
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.13 - New officers or directors — biographical affidavit required.

506.13 New officers or directors — biographical affidavit required.
Within thirty days after a quarterly or annual statement of an insurance company domiciled in this state first names an individual as an officer or director of the company on the jurat page of the quarterly or annual statement, the new officer or director shall file a biographical affidavit with the commissioner. The affidavit shall be prepared on the current template for biographical affidavits prescribed by the national association of insurance commissioners.
2007 Acts, ch 137, §8
2023 Iowa Code › Title XIII - COMMERCE › Chapter 506 - DOMESTIC INSURANCE COMPANIES › Section 506.14 - Voluntary dissolution of domestic mutual insurance companies.

506.14 Voluntary dissolution of domestic mutual insurance companies.
1. Any plan for voluntary dissolution of a domestic mutual insurance company licensed to transact the business of insurance under chapter 508, 515, 518, or 518A shall be presented for approval by the commissioner not less than ninety days in advance of notice of the plan to policyholders.
2. The commissioner shall approve the plan if the commissioner finds that the plan complies with all applicable provisions of law and is fair and equitable to the domestic mutual insurance company and its policyholders.
2013 Acts, ch 124, §8
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.1 - Purpose — definitions.

507.1 Purpose — definitions.
1. The purpose of this chapter is to provide an effective and efficient system for examining the activities, operations, financial condition, and affairs of all persons transacting the business of insurance in this state and all persons otherwise subject to the jurisdiction of the commissioner. The chapter is intended to enable the commissioner to adopt a flexible system of examinations which directs resources as deemed appropriate and necessary for the administration of the insurance and insurance-related laws of this state.
2. As used in this chapter, unless the context otherwise requires:
a. “Commissioner” means the commissioner of insurance of this state.
b. “Company” means any person engaging in or proposing or attempting to engage in any transaction or kind of insurance or surety business and any person or group of persons who may otherwise be subject to the administrative, regulatory, or taxing authority of the commissioner.
c. “Division” means the division of insurance of the department of commerce.
d. “Examiner” means any individual or firm authorized by the commissioner to conduct an examination pursuant to this chapter.
e. “Insurer” includes all companies or associations organized under chapter 508, 511, 512A, 512B, 514, 514B, 515, 515C, or 518A, associations subject to chapters 518 and 520, and companies or associations admitted or seeking to be admitted to this state under any of those chapters.
f. “Person” means any individual, aggregation of individuals, trust, association, partnership, or corporation or an affiliate of any of these.
[S13, §1821-i; C24, 27, 31, 35, 39, §8625; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.1]
88 Acts, ch 1112, §301; 92 Acts, ch 1117, §1
Referred to in §515I.2
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.2 - Authority, scope, and scheduling of examinations.

507.2 Authority, scope, and scheduling of examinations.
1. The commissioner or any of the commissioner’s examiners may conduct an examination under this chapter of any company as often as the commissioner deems appropriate, but at a minimum, shall conduct an examination of any domestic insurer licensed in this state no less than once every five years. In scheduling and determining the nature, scope, and frequency of the examinations, the commissioner shall consider such matters as the results of financial statement analyses and ratios, changes in management or ownership, actuarial opinions, reports of independent certified public accountants, and other criteria as set forth in the examiners’ handbook adopted by the national association of insurance commissioners and in effect when the commissioner exercises discretion under this section.
2. For purposes of completing an examination of any company pursuant to this chapter, the commissioner may examine or investigate any person, or the business of any person, insofar as the examination or investigation is, in the sole discretion of the commissioner, necessary or material to the examination of the company.
3. In lieu of an examination under this chapter of any foreign or alien insurer licensed in this state, the commissioner may accept an examination report on the company as prepared by the regulatory authority for insurance for the company’s state of domicile or port-of-entry state.
[C97, §1753; S13, §1821-a, -h; C24, 27, 31, 35, 39, §8626, 8642, 9009, 9061; C46, §507.2, 507.18, 515.130, 518.36; C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.2]
92 Acts, ch 1117, §2; 95 Acts, ch 185, §4
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.4 - Examiners — salaries.

507.4 Examiners — salaries.
1. The commissioner of insurance may appoint insurance examiners, at least one of whom shall be an experienced actuary, and at least one of whom shall be an experienced and competent fire insurance accountant, and who, while conducting examinations, shall possess all the powers conferred upon the commissioner of insurance for such purposes. The entire time of the examiners shall be under the control of the commissioner, and shall be employed as the commissioner may direct.
2. The commissioner may, when in the commissioner’s judgment it is advisable, appoint assistants to aid in conducting examinations. The commissioner shall employ rates of compensation consistent with current standards in the industry for certified public accountants, attorneys, and skilled insurance examiners. The commissioner may use compensation rates suggested by the national association of insurance commissioners. Insurance examiners employed under this section shall be exempt from the merit system provisions of chapter 8A, subchapter IV, under section 8A.412, subsection 17. Compensation shall be paid from appropriations for such purposes upon certification of the commissioner, which shall be reimbursed as provided in sections 507.8 and 507.9.
[S13, §1821-c; C24, 27, 31, 35, 39, §8628; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.4]
2008 Acts, ch 1123, §11
Referred to in §87.11C
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.5 - Chief examiner.

507.5 Chief examiner.
The commissioner may appoint a chief examiner who shall supervise insurance company examinations and perform such other duties as may be assigned by the commissioner. The chief examiner shall receive a salary to be fixed by the commissioner. The chief examiner shall be exempt from the merit system provisions of chapter 8A, subchapter IV, under section 8A.412, subsection 17.
91 Acts, ch 26, §33; 2003 Acts, ch 145, §270
Referred to in §87.11C, 505.7
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.6 - Conflict of interest.

507.6 Conflict of interest.
1. An examiner shall not be appointed by the commissioner if the examiner, either directly or indirectly, has a conflict of interest or is affiliated with the management of or owns a pecuniary interest in any person subject to examination under this chapter. This section shall not be construed to automatically preclude an examiner from being any of the following:
a. A policyholder or claimant under an insurance policy.
b. A grantor of a mortgage or similar instrument on the examiner’s residence to a regulated entity if done under customary terms and in the ordinary course of business.
c. An investment owner in shares of regulated diversified investment companies.
d. A settlor or beneficiary of a blind trust into which any otherwise impermissible holdings have been placed.
2. Notwithstanding the requirements of subsection 1, the commissioner may retain from time to time, on an individual basis, qualified actuaries, certified public accountants, or other similar individuals who are independently practicing their professions, even though the persons may from time to time be similarly employed or retained by persons subject to examination under this chapter.
[C24, 27, 31, 35, 39, §8630; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.6]
92 Acts, ch 1117, §4
Referred to in §87.11C
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.7 - Expenses.

507.7 Expenses.
Said examiners and assistants and the said commissioner shall receive actual and necessary traveling, hotel, and other expenses while engaged in conducting examinations away from their respective places of residence.
[S13, §1821-c; C24, 27, 31, 35, 39, §8631; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.7]
Referred to in §87.11C, 505.7, 521A.6
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.8 - Payment by company.

507.8 Payment by company.
The commissioner shall upon the completion of an examination, or at such regular intervals prior to completion as the commissioner determines, prepare an account of the costs incurred in performing and preparing the report of such examinations which shall be charged to and paid by the companies examined, and upon failure or refusal of any company examined to pay such bill or bills, the same may be recovered in an action brought in the name of the state, and the commissioner may also revoke the certificate of authority of such company to transact business within this state.
[S13, §1821-c; C24, 27, 31, 35, 39, §8632; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.8]
88 Acts, ch 1112, §302
Referred to in §505.7, 507.4, 508E.7
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.9 - Fees — accounting.

507.9 Fees — accounting.
All fees collected under the provisions of this chapter shall be paid to the commissioner of insurance and shall be turned in to the state treasury for deposit as provided in section 505.7.
[S13, §1821-c; C24, 27, 31, 35, 39, §8633; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.9]
2009 Acts, ch 181, §64
Referred to in §505.7, 507.4, 508E.7
Deposit of fees, §12.10
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.12 - Procedure against life companies.

507.12 Procedure against life companies.
In case of companies organized under the provisions of chapter 508, the officers shall proceed as provided in sections 508.18 and 508.19.
[S13, §1821-d; C24, 27, 31, 35, 39, §8636; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.12]
91 Acts, ch 26, §57
Referred to in §511.23
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.15 - Transfer pending examination.

507.15 Transfer pending examination.
Any transfer of stock of any company, pending an investigation, shall not release the party making the transfer from any liability for losses that may have occurred previous to such transfer.
[S13, §1821-e; C24, 27, 31, 35, 39, §8639; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.15]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.16 - Unlawful solicitation of business.

507.16 Unlawful solicitation of business.
It shall be unlawful for any officer, manager, agent, or representative of any insurance company contemplated by this chapter, who, with knowledge that its certificate of authority has been suspended or revoked, or that it is insolvent, or is doing an unlawful or unauthorized business, to solicit or receive applications for insurance for the company, or to do any other act or thing toward receiving or procuring any new business for the company. The provisions of sections 505.7A and 511.17 are extended to all companies contemplated by this chapter.
[S13, §1821-f; C24, 27, 31, 35, 39, §8640; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.16]
2004 Acts, ch 1110, §18; 2007 Acts, ch 126, §89
2023 Iowa Code › Title XIII - COMMERCE › Chapter 507 - EXAMINATION OF INSURANCE COMPANIES › Section 507.17 - Immunity from liability.

507.17 Immunity from liability.
1. A cause of action does not arise nor shall any liability be imposed against the commissioner, the commissioner’s authorized representative, or any examiner appointed by the commissioner for any statements made or conduct performed in good faith while carrying out the provisions of this chapter.
2. A cause of action does not arise, nor shall any liability be imposed against any person for the act of communicating or delivering information or data to the commissioner or the commissioner’s authorized representative, or an examiner pursuant to an examination made under this chapter, if the act of communication or delivery was performed in good faith and without fraudulent intent or the intent to deceive.
3. This section does not abrogate or modify in any way any common law or statutory privilege or immunity enjoyed by any person identified in subsection 1.
4. A person identified in subsection 1 is entitled to an award of attorney’s fees and costs if the person is the prevailing party in a civil cause of action for libel, slander, or any other relevant tort arising out of activities in carrying out the provisions of this chapter and the party bringing the action was not substantially justified in doing so. For purposes of this section, a proceeding is substantially justified if the proceeding has a reasonable basis in law or fact at the time that it is initiated.
[S13, §1821-g; C24, 27, 31, 35, 39, §8641; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.17]
92 Acts, ch 1117, §7