515I.13 Insurance policy or contract remains valid.
A policy or contract of insurance issued or delivered by an eligible surplus lines insurer or a nonadmitted insurer which is otherwise valid and contains a condition or provision not in compliance with the requirements of this chapter is not thereby rendered invalid but shall be construed and applied in accordance with the conditions and provisions which would have applied had the policy or contract been issued or delivered in full compliance with this chapter.
2012 Acts, ch 1025, §13, 22
Structure Iowa Code
Chapter 515I - SURPLUS LINES INSURANCE
Section 515I.4 - Requirements for eligible surplus lines insurers.
Section 515I.4A - Requirements for domestic surplus lines insurers.
Section 515I.5 - Duties of surplus lines insurance producers.
Section 515I.6 - Actions against eligible surplus lines insurers.
Section 515I.7 - Effect of payment to surplus lines insurance producer.
Section 515I.8 - Referrals to surplus lines insurance producers.
Section 515I.9 - Exempt commercial purchasers.
Section 515I.10 - Independently procured surplus lines insurance — premium tax — penalty.
Section 515I.11 - Violations and penalties.
Section 515I.12 - Cease and desist orders — civil and criminal penalties.
Section 515I.13 - Insurance policy or contract remains valid.
Section 515I.13A - Scope of operation.