509.17 Guidelines for rates.
Rates shall be made in accordance with the following provisions:
1. Rates shall not be excessive, inadequate or unfairly discriminatory.
2. Due consideration shall be given to past and prospective loss experience within and outside this state, to a reasonable margin for underwriting profit and contingencies, to past and prospective expenses both countrywide and those especially applicable to this state, and to all other relevant factors within and outside this state.
3. The commissioner shall, after a public hearing, approve a reasonable charge or premium for credit accident and health insurance and for credit life insurance as the commissioner deems appropriate and necessary for the implementation of this section.
[C71, 73, §535.2; C75, 77, 79, 81, §509.17]
90 Acts, ch 1234, §28, 29
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.