505.14 Foreign insurers — reciprocal provisions.
When by the laws of any other state a premium or income or other taxes, or fees, fines, penalties, licenses, deposit requirements or other obligations, prohibitions or restrictions are imposed upon Iowa insurance companies actually doing business in the other state, or upon the agents of the Iowa companies, which in the aggregate are in excess of the aggregate of the taxes, fees, fines, penalties, licenses, deposit requirements or other obligations, prohibitions or restrictions directly imposed upon insurance companies of the other state under the statutes of this state, the same obligations, prohibitions or restrictions of whatever kind are in the same manner and for the same purpose imposed upon insurance companies of the other state doing business in Iowa. Insurance premium taxes paid which were not paid under protest shall not be refunded if the refund claim is based upon an alleged error or mistake of law or erroneous interpretation of statute regarding the validity or legality of this section under the laws or constitutions of the United States or this state. For the purpose of this section, an alien insurer is deemed domiciled in a state designated by it wherein it has established its principal office or agency in the United States, or maintains the largest amount of its assets held in trust or on deposit for the security of its policyholders or policyholders and creditors in the United States, or in which it was admitted to do business in the United States. This section does not apply to ad valorem taxes on real or personal property or to personal income taxes.
[C46, 50, 54, §432.2; C58, 62, 66, 71, 73, 75, 77, 79, 81, §505.14; 81 Acts, ch 164, §1]
Referred to in §508E.7, 511.40
Structure Iowa Code
Chapter 505 - INSURANCE DIVISION
Section 505.1 - Insurance division created.
Section 505.2 - Appointment and term of commissioner.
Section 505.4 - Deputy — assistants — bond.
Section 505.5 - Expenses — salary.
Section 505.6 - Documents and records.
Section 505.7 - Fees — expenses of division — assessments.
Section 505.7A - Civil penalties.
Section 505.8 - Commissioner’s general powers and duties — consumer advocate bureau established.
Section 505.9 - Ex officio receiver.
Section 505.10 - Expenses attending liquidation.
Section 505.12 - Life insurance — annual report.
Section 505.13 - Other insurance — annual report by the division.
Section 505.14 - Foreign insurers — reciprocal provisions.
Section 505.15 - Actuarial, professional, and specialist staff.
Section 505.16 - Applications for insurance — human immunodeficiency virus tests — restrictions.
Section 505.17 - Confidential information.
Section 505.18 - Health care insurance quality and costs — annual report.
Section 505.18A - State innovation waivers.
Section 505.19 - Health insurance rate increase applications — public hearing and comment.
Section 505.20 - Certain agricultural organizations exempt from regulation.
Section 505.21 - Health care access — duties of commissioner — penalties.
Section 505.22 - Certain religious organization activities exempt from regulation.
Section 505.24 - Sale of policy term information by consumer reporting agency.
Section 505.27 - Medical malpractice insurance — annual claims reports required.
Section 505.27A - Sale of life insurance to military personnel.
Section 505.28 - Consent to jurisdiction.
Section 505.29 - Administrative hearings — authority to appoint hearing officer.
Section 505.31 - Reimbursement accounts — assistance to small employers.