321A.34 Self-insurers.
1. a. Any person in whose name more than twenty-five motor vehicles are registered may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the department as provided in paragraph “b”.
b. The department may, upon the application of such a person, issue a certificate of self-insurance if the department is satisfied that the person has and will continue to have the ability to pay judgments obtained against the person for damages arising out of the ownership, maintenance, or use of any vehicle owned by the person. A person issued a certificate of self-insurance pursuant to this subsection shall maintain a financial liability coverage card as provided in section 321.20B, subsection 2, paragraph “b”, subparagraph (1).
2. a. Any association of individual members that is a legal entity with the power to sue and be sued in its own name and which is composed of individual members in whose names a total of more than twenty-five motor vehicles are registered, may qualify as a self-insurer by obtaining a certificate of insurance issued by the department as provided in paragraph “b”.
b. The department may, upon the application of such an association, issue a certificate of self-insurance if the department is satisfied that the association has and will continue to have the ability to pay judgments obtained against the association or against an individual member of the association for damages arising out of the ownership, maintenance, or use of any vehicle owned by an individual member of the association. An association issued a certificate of self-insurance pursuant to this paragraph shall maintain a financial liability coverage card as provided in section 321.20B, subsection 2, paragraph “b”, subparagraph (2).
3. Upon not less than five days’ notice and a hearing pursuant to the notice, the department may upon reasonable grounds cancel a certificate of self-insurance. Failure to pay a judgment for damages arising out of the ownership, maintenance, or use of any vehicle owned by the self-insurer within thirty days after the judgment becomes final constitutes a reasonable ground for the cancellation of a certificate of self-insurance. Upon the cancellation of a certificate of self-insurance, the person who was issued the certificate shall surrender to the director all self-insurance cards issued to the person.
[C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §321A.34]
92 Acts, ch 1175, §43; 97 Acts, ch 139, §11, 17; 2007 Acts, ch 215, §108
Referred to in §321.1, 321.20B, 321A.5, 321A.26
Structure Iowa Code
Chapter 321A - MOTOR VEHICLE FINANCIAL RESPONSIBILITY
Section 321A.2 - Department to administer chapter — judicial review.
Section 321A.3 - Abstract of operating record — fees to be charged and disposition of fees.
Section 321A.4 - Effect of failure to report accidents.
Section 321A.5 - Security required following accident — exceptions.
Section 321A.6 - Exceptions to requirement of security.
Section 321A.7 - Duration of suspension.
Section 321A.8 - Application to unlicensed drivers and unregistered motor vehicles.
Section 321A.9 - Form and amount of security.
Section 321A.10 - Custody, disposition, and return of security.
Section 321A.11 - Matters not to be evidence in civil suits.
Section 321A.12 - Courts to report nonpayment of judgments.
Section 321A.13 - Suspension for nonpayment of judgments — exceptions.
Section 321A.14 - Suspension to continue until judgments paid and proof given.
Section 321A.15 - Payments sufficient to satisfy requirements.
Section 321A.16 - Installment payment of judgments — default.
Section 321A.17 - Proof required upon certain convictions.
Section 321A.18 - Alternate methods of giving proof.
Section 321A.19 - Certificate of insurance as proof.
Section 321A.20 - Certificate furnished by nonresident as proof.
Section 321A.21 - “Motor vehicle liability policy” defined.
Section 321A.22 - Notice of cancellation or termination of certified policy.
Section 321A.23 - Chapter not to affect other policies.
Section 321A.24 - Bond as proof.
Section 321A.25 - Certificate of deposit as proof.
Section 321A.26 - Owner may give proof for others.
Section 321A.27 - Substitution of proof.
Section 321A.28 - Other proof may be required.
Section 321A.29 - Duration of proof — when proof may be canceled or returned.
Section 321A.30 - Rights not affected.
Section 321A.31 - Surrender of license and registration.
Section 321A.32 - Other violations — penalties.
Section 321A.32A - Civil penalty — disposition — reinstatement.
Section 321A.34 - Self-insurers.
Section 321A.36 - Chapter not to prevent other process.
Section 321A.37 - Uniformity of interpretation.