§ 507B.2 — Definitions

Iowa § 507B.2

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 507B: INSURANCE TRADE PRACTICES

Text

When used in this chapter:
1. “Person” shall mean any individual, corporation, association, partnership, reciprocal
exchange, interinsurer, fraternal beneficiary association, and any other legal entity engaged
in the business of insurance, including insurance producers, appraisers, umpires, and
adjusters. “Person” shall also mean any corporation operating under the provisions of
chapter 514 and any benevolent association as defined and operated under chapter 512A.
For purposes of this chapter, corporations operating under the provisions of chapter 514 and
chapter 512A shall be deemed to be engaged in the business of insurance.
2. “Commissioner” shall mean the commissioner of insurance of this state.
3. “Insurance policy” or “insurance contract” shall mean any contract of insurance,
indemnity, subscription, membership, suretyship, or annuity issued, proposed for issuance,
or intended for issuance by any person.

Legislative History

[C58, 62, 66, 71, 73, 75, 77, 79, 81, §507B.2]