87.3 Maximum commission for renewal.
No insurer of any obligation under this chapter shall either by itself or through another, either directly or indirectly, charge or accept as a commission or compensation for placing or renewing any insurance under this chapter, more than fifteen percent of the premium charged.
[S13, §2477-m46; C24, 27, 31, 35, 39, §1469; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §87.3]
Structure Iowa Code
Title III - PUBLIC SERVICES AND REGULATION
Chapter 87 - WORKERS’ COMPENSATION OR EMPLOYERS’ LIABILITY INSURANCE
Section 87.1 - Insurance of liability required.
Section 87.2 - Notice of failure to insure.
Section 87.3 - Maximum commission for renewal.
Section 87.4 - Group and self-insured plans — tax exemption — plan approval.
Section 87.5 - Benefit insurance.
Section 87.6 - Certificate of approval.
Section 87.7 - Termination of plan — appeal.
Section 87.8 - Insolvency clause prohibited.
Section 87.9 - Policy clauses required.
Section 87.10 - Other policy requirements.
Section 87.11 - Relief from insurance — procedures upon employer’s insolvency.
Section 87.11A - Examination required.
Section 87.11B - Obligation to assist an examination — oaths.
Section 87.11C - Self-insurance examiners.
Section 87.11D - Payment of examination expenses by the self-insured employer.
Section 87.11E - Penalties for filing false financial statements.
Section 87.13 - Interpretative clause.
Section 87.14A - Insurance required.
Section 87.19 - Failure to comply — proceedings.
Section 87.20 - Revocation of release from insurance.
Section 87.21 - Employer failing to insure.
Section 87.23 - Compensation liability insurance not required.