Iowa § 515F.32 Definitions

Iowa Statutes

§ 515F.32 — Definitions

Iowa § 515F.32

Title XIIICOMMERCE

Ch. 515FCASUALTY INSURANCE

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Bluebook

Iowa Code § 515F.32 (2026).

Text

As used in this subchapter, unless the context otherwise requires:

1.“Basic property insurance” means insurance against direct loss to property as defined in the standard fire policy and extended coverage, vandalism, and malicious mischief endorsements; homeowners insurance; and such other coverage or classes of insurance as may be added to the FAIR plan by the commissioner. “Basic property insurance” does not include any of the following: 13 CASUALTY INSURANCE, §515F.36

a.Automobile insurance.

b.Inland marine insurance.

2.“FAIR plan” means the plan to assure fair access to insurance requirements established pursuant to section 515F.33.

3.“Insurer”includesallcompaniesorassociationslicensedtotransactinsurancebusiness in this state under chapters 515, 518, and 518A, reciprocal insurers

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As used in this subchapter, unless the context otherwise requires:
1. “Basic property insurance” means insurance against direct loss to property as defined
in the standard fire policy and extended coverage, vandalism, and malicious mischief
endorsements; homeowners insurance; and such other coverage or classes of insurance as
may be added to the FAIR plan by the commissioner. “Basic property insurance” does not
include any of the following:
13 CASUALTY INSURANCE, §515F.36
a. Automobile insurance.
b. Inland marine insurance.
2. “FAIR plan” means the plan to assure fair access to insurance requirements established
pursuant to section 515F.33.
3. “Insurer”includesallcompaniesorassociationslicensedtotransactinsurancebusiness
in this state under chapters 515, 518, and 518A, reciprocal insurers issued a certificate of
authority pursuant to chapter 520, and companies or associations admitted or seeking to
be admitted to do business in this state under any of those chapters, notwithstanding any
provision of the Code to the contrary.