Iowa § 507D.5 Rate adjustment review

Iowa Statutes

§ 507D.5 — Rate adjustment review

Iowa § 507D.5

Title XIIICOMMERCE

Ch. 507DINSURANCE ASSISTANCE

This text of Iowa § 507D.5 (Rate adjustment review) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 507D.5 (2026).

Text

1.The commissioner of insurance shall conduct a rate adjustment review for all insurers authorized to write property, casualty, product, professional, or other liability insurance within this state and who make a request for rate adjustment regarding such insurance. The commissioner of insurance may employ or contract with actuarial consultants as necessary to review the request. The person conducting the review shall report to the commissioner as to the advisability of the adjustment requested.

2.The reasonable fees and expenses of an actuarial consultant employed or contracted by the commissioner of insurance for purposes of a rate adjustment review shall be assessed against and paid by the person requesting such rate adjustment.

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1. The commissioner of insurance shall conduct a rate adjustment review for all insurers
authorized to write property, casualty, product, professional, or other liability insurance
within this state and who make a request for rate adjustment regarding such insurance. The
commissioner of insurance may employ or contract with actuarial consultants as necessary
to review the request. The person conducting the review shall report to the commissioner as
to the advisability of the adjustment requested.
2. The reasonable fees and expenses of an actuarial consultant employed or contracted
by the commissioner of insurance for purposes of a rate adjustment review shall be assessed
against and paid by the person requesting such rate adjustment.