Iowa § 515F.24 Filing of rates in a competitive market

Iowa Statutes

§ 515F.24 — Filing of rates in a competitive market

Iowa § 515F.24

Title XIIICOMMERCE

Ch. 515FCASUALTY INSURANCE

This text of Iowa § 515F.24 (Filing of rates in a competitive market) 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 § 515F.24 (2026).

Text

1.Subject to the inland marine exception specified in section 515F.5, subsection 1, a competitive filing shall become effective when filed and shall be deemed to meet the requirements of section 515F.4 as long as the filing remains in effect unless it is disapproved upon review by the commissioner.

2.In a competitive market, every insurer shall file with the commissioner all rates and supplementary rate information which are used in this state. The rates and supplementary rate information shall be filed not later than fifteen days after the effective date of the rates.

3.In a competitive market, if the commissioner finds that an insurer’s rates require closer supervision because of the insurer’s financial condition or unfairly discriminatory rating practices, the insurer shall file with

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1. Subject to the inland marine exception specified in section 515F.5, subsection 1,
a competitive filing shall become effective when filed and shall be deemed to meet the
requirements of section 515F.4 as long as the filing remains in effect unless it is disapproved
upon review by the commissioner.
2. In a competitive market, every insurer shall file with the commissioner all rates and
supplementary rate information which are used in this state. The rates and supplementary
rate information shall be filed not later than fifteen days after the effective date of the rates.
3. In a competitive market, if the commissioner finds that an insurer’s rates require
closer supervision because of the insurer’s financial condition or unfairly discriminatory
rating practices, the insurer shall file with the commissioner at least thirty days prior
to the effective date of the rates all the rates and supplementary rate information and
supporting information as prescribed by the commissioner. Upon application by the filer,
the commissioner may authorize an earlier effective date.