509.16 Premium rates approved.
1. An individual policy of credit life or credit accident and health insurance or certificate under a policy of group credit life or credit accident and health insurance shall not be issued for delivery or delivered in this state unless the premium rates charged for the insurance are approved by the commissioner of insurance.
2. The commissioner of insurance, after notice and hearing, may adopt rules as are necessary to identify specific methods of competition or acts or practices within the business of credit life and credit accident and health insurance which are unfair or deceptive.
[C75, 77, 79, 81, §509.16]
90 Acts, ch 1234, §27
Structure Iowa Code
Section 509.1 - Form of policy.
Section 509.2 - Provisions as part of group life policy.
Section 509.3 - Provisions as part of accident or health policy.
Section 509.3A - Creditable coverage.
Section 509.4 - Employees of common employer — rates.
Section 509.5 - Authorized companies.
Section 509.6 - Approval of commissioner.
Section 509.7 - Grounds for revocation of authority.
Section 509.8 - Foreign policies.
Section 509.9 - Foreign companies.
Section 509.10 - Other provisions in policies.
Section 509.11 - Voting by policyholders.
Section 509.12 - Proceeds exempt from execution.
Section 509.14 - Group insurance on franchise plan.
Section 509.15 - Assignment of policy.
Section 509.16 - Premium rates approved.
Section 509.17 - Guidelines for rates.
Section 509.18 - Prohibited deposit in financial institution.