Iowa § 515F.34 Membership

Iowa Statutes

§ 515F.34 — Membership

Iowa § 515F.34

Title XIIICOMMERCE

Ch. 515FCASUALTY INSURANCE

This text of Iowa § 515F.34 (Membership) 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.34 (2026).

Text

1.Eligibility for membership in the FAIR plan and its underwriting association requires all of the following:

a.The insurer must be licensed to write property insurance in this state.

b.The insurer is engaged in writing property insurance in this state, including the property insurance components of multiperil on a direct basis.

2.Each insurer that meets the eligibility requirements in subsection 1 shall be required to do all of the following:

a.Automatically subscribe to the articles of agreement for the FAIR plan and the underwriting association as a prerequisite to authority to transact property insurance business in this state.

b.Become and remain a member both of the FAIR plan and the underwriting association.

c.Comply with the requirements of the FAIR plan and the underwriting

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1. Eligibility for membership in the FAIR plan and its underwriting association requires
all of the following:
a. The insurer must be licensed to write property insurance in this state.
b. The insurer is engaged in writing property insurance in this state, including the
property insurance components of multiperil on a direct basis.
2. Each insurer that meets the eligibility requirements in subsection 1 shall be required to
do all of the following:
a. Automatically subscribe to the articles of agreement for the FAIR plan and the
underwriting association as a prerequisite to authority to transact property insurance
business in this state.
b. Become and remain a member both of the FAIR plan and the underwriting association.
c. Comply with the requirements of the FAIR plan and the underwriting association as a
condition of the insurer’s authority to transact property insurance business in this state.