507B.2 Definitions.
When used in this chapter:
1. “Person” shall mean any individual, corporation, association, partnership, reciprocal exchange, interinsurer, fraternal beneficiary association, and any other legal entity engaged in the business of insurance, including insurance producers and adjusters. “Person” shall also mean any corporation operating under the provisions of chapter 514 and any benevolent association as defined and operated under chapter 512A. For purposes of this chapter, corporations operating under the provisions of chapter 514 and chapter 512A shall be deemed to be engaged in the business of insurance.
2. “Commissioner” shall mean the commissioner of insurance of this state.
3. “Insurance policy” or “insurance contract” shall mean any contract of insurance, indemnity, subscription, membership, suretyship, or annuity issued, proposed for issuance, or intended for issuance by any person.
[C58, 62, 66, 71, 73, 75, 77, 79, 81, §507B.2]
2004 Acts, ch 1110, §20
Referred to in §507B.7
See also §87.24
Structure Iowa Code
Chapter 507B - INSURANCE TRADE PRACTICES
Section 507B.1 - Declaration of purpose.
Section 507B.3 - Unfair competition or unfair and deceptive acts or practices prohibited.
Section 507B.4 - Unfair methods of competition and unfair or deceptive acts or practices defined.
Section 507B.4A - Duty to respond to inquiries and prompt payment of claim.
Section 507B.4B - Suitability.
Section 507B.4C - Unclaimed life insurance.
Section 507B.5 - Favored agent or insurer — coercion of debtors.
Section 507B.6A - Summary orders.
Section 507B.7 - Orders and penalties.
Section 507B.7A - Administrative hearings.
Section 507B.8 - Judicial review of cease and desist orders.
Section 507B.9 - Sale of duplicate coverage prohibited.