Statutes > Iowa Statutes > Title 13 - Commerce > Subtitle 1 - Insurance and Related Regulation > CHAPTER 515B - INSURANCE GUARANTY ASSOCIATION > 515B.13 - RECOGNITION OF ASSESSMENTS IN RATES.

515B.13 - RECOGNITION OF ASSESSMENTS IN RATES.

        515B.13  RECOGNITION OF ASSESSMENTS IN RATES.         The rates and premiums charged for insurance policies to which      this chapter applies shall include amounts sufficient to recoup a sum      equal to the amounts paid to the association by the member insurer      less any amounts returned to the member insurer by the association,      and such rates shall not be deemed excessive as a result of      containing such recoupment allowances.
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 515B.13]