518A.54 Disapproval of filings.
1. If the commissioner finds that a filing does not meet the requirements of this chapter, written notice of disapproval shall be sent to the state mutual insurance association specifying in what respect the filing fails to meet the requirements of this chapter and stating that the filing is not effective. If a filing is disapproved by the commissioner, the association may request a hearing on the disapproval within thirty days. The association bears the burden of proving compliance with the standards established by this chapter.
2. If, at any time after a form has been approved, the commissioner finds that the form no longer meets the requirements of this chapter, the commissioner may order the discontinuance of the use of the form. The order of discontinuance shall be in writing and may be issued only after a hearing with at least ten days’ prior notice to all state mutual insurance associations affected by the order. The order shall state the grounds upon which the order is based and when the order of discontinuance is effective.
95 Acts, ch 185, §39; 2000 Acts, ch 1023, §52; 2021 Acts, ch 76, §150
Code editor directive applied
Structure Iowa Code
Chapter 518A - STATE MUTUAL INSURANCE ASSOCIATIONS
Section 518A.1 - Organization — purpose and powers.
Section 518A.1A - Plan of organization.
Section 518A.2 - State mutual insurance associations.
Section 518A.3A - Remote participation in meetings of members.
Section 518A.4 - Amendments to articles.
Section 518A.5 - Articles and bylaws part of policy.
Section 518A.6 - Officers — election.
Section 518A.7 - Policies — issuance — conditions.
Section 518A.8 - Articles — approval — bylaws.
Section 518A.9 - Premium charges.
Section 518A.9A - Assessments prohibited.
Section 518A.12 - Investments.
Section 518A.18 - Annual report — penalties.
Section 518A.19 - Proof of loss.
Section 518A.20 - Five-day limit.
Section 518A.21 - Ten-day limit.
Section 518A.22 - Limitation of action.
Section 518A.23 - Presumption as to value.
Section 518A.24 - Value of building — liability.
Section 518A.25 - Value of personal property — value of crops.
Section 518A.26 - Arbitration.
Section 518A.27 - Reinsurance — quo warranto.
Section 518A.29 - Cancellation or nonrenewal by association — notice.
Section 518A.39 - “Debt” defined.
Section 518A.40 - Annual fees — renewals — penalties.
Section 518A.41 - Insurance producers to be licensed.
Section 518A.42 - Limitation on termination of independent insurance producers.
Section 518A.44 - Reinsurance.
Section 518A.51 - Loans to officers prohibited.
Section 518A.52 - Form — approval.
Section 518A.53 - Failure to file copy.
Section 518A.54 - Disapproval of filings.
Section 518A.55 - Certificate suspension.