507B.3 Unfair competition or unfair and deceptive acts or practices prohibited.
A person shall not engage in this state in any trade practice which is defined in this chapter as, or determined pursuant to section 507B.6 to be, an unfair method of competition, or an unfair or deceptive act or practice in the business of insurance.
1. A person who violates a provision in chapter 508E shall be deemed to have committed an unfair trade practice under this chapter.
2. The issuance of a qualified charitable gift annuity as provided in chapter 508F does not constitute a trade practice in violation of this chapter.
[C58, 62, 66, 71, §507B.3, 507B.5; C73, 75, 77, 79, 81, §507B.3]
2001 Acts, ch 28, §1; 2003 Acts, ch 91, §5; 2004 Acts, ch 1110, §21; 2008 Acts, ch 1123, §12; 2008 Acts, ch 1155, §20
Referred to in §515E.4
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.