Iowa § 507E.3A Fraudulent sales practices — penalties

Iowa Statutes

§ 507E.3A — Fraudulent sales practices — penalties

Iowa § 507E.3A

Title XIIICOMMERCE

Ch. 507EINSURANCE FRAUD

This text of Iowa § 507E.3A (Fraudulent sales practices — penalties) 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 § 507E.3A (2026).

Text

1.A person commits the offense of fraudulent sales practices if the person, with the intent to defraud another person in connection with any sale, solicitation, or negotiation of insurance in this state, willfully does any of the following:

a.Employs any deception, device, scheme, or artifice to defraud.

b.Misrepresents, conceals, or suppresses any material fact.

c.Engages in any act, practice, or course of business which operates as a fraud or deceit upon any person.

2.A person who violates subsection 1 commits a class “D” felony.

3.Notwithstandingsubsection2,apersoncommitsaclass“C”felonyifthepersonviolates subsection 1, and such violation results in a loss of more than ten thousand dollars.

Free access — add to your briefcase to read the full text and ask questions with AI

1. A person commits the offense of fraudulent sales practices if the person, with the
intent to defraud another person in connection with any sale, solicitation, or negotiation of
insurance in this state, willfully does any of the following:
a. Employs any deception, device, scheme, or artifice to defraud.
b. Misrepresents, conceals, or suppresses any material fact.
c. Engages in any act, practice, or course of business which operates as a fraud or deceit
upon any person.
2. A person who violates subsection 1 commits a class “D” felony.
3. Notwithstandingsubsection2,apersoncommitsaclass“C”felonyifthepersonviolates
subsection 1, and such violation results in a loss of more than ten thousand dollars.