Iowa § 515F.4A Reasonableness of benefits in relation to premium charged

Iowa Statutes

§ 515F.4A — Reasonableness of benefits in relation to premium charged

Iowa § 515F.4A

Title XIIICOMMERCE

Ch. 515FCASUALTY INSURANCE

This text of Iowa § 515F.4A (Reasonableness of benefits in relation to premium charged) 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.4A (2026).

Text

Benefits provided by credit personal property insurance shall be reasonable in relation to
the premium charged. This requirement is satisfied if the premium rate charged develops
or may reasonably be expected to develop a loss ratio of not less than fifty percent or
such lower loss ratio as designated by the commissioner to afford a reasonable allowance
for actual and expected loss experience including a reasonable catastrophe provision,
general and administrative expenses, reasonable acquisition expenses, reasonable creditor
compensation, investment income, premium taxes, licenses, fees, assessments, and
reasonable insurer profit.

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Benefits provided by credit personal property insurance shall be reasonable in relation to
the premium charged. This requirement is satisfied if the premium rate charged develops
or may reasonably be expected to develop a loss ratio of not less than fifty percent or
such lower loss ratio as designated by the commissioner to afford a reasonable allowance
for actual and expected loss experience including a reasonable catastrophe provision,
general and administrative expenses, reasonable acquisition expenses, reasonable creditor
compensation, investment income, premium taxes, licenses, fees, assessments, and
reasonable insurer profit.