Iowa Code ch. 515I – Surplus Lines Insurance | Midpage

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Iowa Code

Chapter 515I

Iowa Code ch. 515I

Surplus Lines Insurance

515I.1Purpose 515I.2Definitions 515I.3Placement of surplus lines insurance business with nonadmitted insurers and domestic surplus lines insurers 515I.4Requirements for eligible surplus lines insurers 515I.4ARequirements for domestic surplus lines insurers 515I.5Duties of surplus lines insurance producers 515I.6Actions against eligible surplus lines insurers 515I.7Effect of payment to surplus lines insurance producer 515I.8Referrals to surplus lines insurance producers 515I.9Exempt commercial purchasers 515I.10Independently procured surplus lines insurance — premium tax — penalty 515I.11Violations and penalties 515I.12Cease and desist orders — civil and criminal penalties 515I.13Insurance policy or contract remains valid 515I.13AScope of operation 515I.14Severability 515I.15Rulemaking authority