Iowa § 515J.8 Notice to consumers — special flood hazard areas

Iowa Statutes

§ 515J.8 — Notice to consumers — special flood hazard areas

Iowa § 515J.8

Title XIIICOMMERCE

Ch. 515JPRIVATE PRIMARY RESIDENTIAL FLOOD INSURANCE

This text of Iowa § 515J.8 (Notice to consumers — special flood hazard areas) 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 § 515J.8 (2026).

Text

1.Before placing an applicant whose property is located in a special flood hazard area with private flood insurance, an insurance producer, surplus lines broker, or an authorized insurer upon the authorized insurer’s election or if there is not an insurance producer or surplus lines broker, shall provide notice to the applicant of the following:

a.Of the existence of the national flood insurance program if the applicant does not currently have flood coverage under the national flood insurance program.

b.That flood coverage under the national flood insurance program may be provided at a subsidized rate, and that the full-risk rate for flood insurance may apply to the applicant’s property if the applicant later seeks to reinstate coverage under the program.

2.This section is repealed eff

Free access — add to your briefcase to read the full text and ask questions with AI

1. Before placing an applicant whose property is located in a special flood hazard area
with private flood insurance, an insurance producer, surplus lines broker, or an authorized
insurer upon the authorized insurer’s election or if there is not an insurance producer or
surplus lines broker, shall provide notice to the applicant of the following:
a. Of the existence of the national flood insurance program if the applicant does not
currently have flood coverage under the national flood insurance program.
b. That flood coverage under the national flood insurance program may be provided at a
subsidized rate, and that the full-risk rate for flood insurance may apply to the applicant’s
property if the applicant later seeks to reinstate coverage under the program.
2. This section is repealed effective thirty calendar days after enactment of federal
legislation mandating that an insured may switch between private flood insurance and
flood insurance under the national flood insurance program without risk of penalty. The
commissioner shall notify the Iowa Code editor upon the occurrence of this condition.