§ 515A.1 — Purpose of chapter

Iowa § 515A.1

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 515A: WORKERS’ COMPENSATION LIABILITY INSURANCE RATES

Text

The purpose of this chapter is to promote the public welfare by regulating insurance
rates to the end that they shall not be excessive, inadequate or unfairly discriminatory, and
to authorize and regulate cooperative action among insurers in rate making and in other
matters within the scope of this chapter. Nothing in this chapter is intended to prohibit
or discourage reasonable competition, or to prohibit, or encourage except to the extent
necessary to accomplish the aforementioned purpose, uniformity in insurance rates, rating
systems, rating plans or practices. This chapter shall be liberally interpreted to carry into
effect the provisions of this section.

Legislative History

[C50, 54, 58, 62, §515A.1, 515B.1; C66, 71, 73, 75, 77, 79, 81, §515A.1]