Iowa § 518B.4 Insurers assessed

Iowa Statutes

§ 518B.4 — Insurers assessed

Iowa § 518B.4

Title XIIICOMMERCE

Ch. 518BRIOT REINSURANCE PROGRAM

This text of Iowa § 518B.4 (Insurers assessed) 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 § 518B.4 (2026).

Text

Whenever the secretary shall, in accordance with the Act, present to the state a request for
reimbursement under the Act, the commissioner shall immediately assess all insurers which,
during the calendar year with respect to which reimbursement is requested by the secretary,
were licensed to write and engaged in writing property insurance business, including the
property insurance components of multiperil policies on a direct basis, in this state. The
amount of each such insurer’s assessment shall be calculated by multiplying the amount
of the reimbursement requested by the secretary by a fraction the numerator of which is
the insurer’s premium actually written in this state in that calendar year on habitational
and commercial property, except farm property, risks and the denominator of wh

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Whenever the secretary shall, in accordance with the Act, present to the state a request for
reimbursement under the Act, the commissioner shall immediately assess all insurers which,
during the calendar year with respect to which reimbursement is requested by the secretary,
were licensed to write and engaged in writing property insurance business, including the
property insurance components of multiperil policies on a direct basis, in this state. The
amount of each such insurer’s assessment shall be calculated by multiplying the amount
of the reimbursement requested by the secretary by a fraction the numerator of which is
the insurer’s premium actually written in this state in that calendar year on habitational
and commercial property, except farm property, risks and the denominator of which is the
aggregate premiums written by all licensed insurers on such property risks. In no event shall
any insurer’s assessment be less than one hundred dollars.