2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 507D - INSURANCE ASSISTANCE
507D.3 - AUTHORIZED ASSISTANCE PROGRAMS.

        507D.3  AUTHORIZED ASSISTANCE PROGRAMS.
         The commissioner of insurance is authorized to institute programs,
      order the institution of programs within the private sector, or to
      contract with or delegate authority to the department of
      administrative services for the institution of programs relating to
      insurance assistance including, but not limited to, the following:
         1.  The development and implementation of a market assistance
      program to facilitate, arrange, or provide for the acquisition of
      property, casualty, product, professional, or other liability
      insurance coverage for all persons or entities seeking such coverage
      but for which the coverage is presently unavailable or unobtainable
      to the person or entity.
         2.  The development and implementation of a mandatory risk
      allocation system for property, casualty, product, professional, or
      other liability insurance, except asbestos and environmental
      impairment liability, in order to assure that all persons or entities
      for which such insurance is essential may obtain such insurance from
      insurers authorized to do business within this state.
         3.  The development and implementation of a risk-sharing program
      to assist and advise persons or entities seeking property, casualty,
      product, professional, or other liability insurance, except asbestos
      and environmental impairment liability, on the most efficient manner
      in which to share or pool similar risks in order to obtain essential
      insurance coverage at the minimum cost.
         4.  The development and implementation of a risk management
      program for persons or entities to which property, casualty, product,
      professional, or other liability insurance is essential, such program
      to include at a minimum the following:
         a.  Assistance in developing and maintaining loss and loss
      exposure data on such liability risks.
         b.  Recommendations regarding risk reduction and risk
      elimination programs.
         c.  Recommendations of those practices which will permit
      protection against such losses at the lowest costs, consistent with
      good underwriting practices and sound risk management techniques.
         5.  Subsections 2 and 3 shall have no application or effect after
      July 1, 1991.
         6.  An assistance program for the facilitation of insurance and
      financial responsibility coverage for owners and operators of
      underground storage tanks which store petroleum shall not be affected
      by the exceptions of subsections 2 and 3.  

         86 Acts, ch 1211, § 28; 87 Acts, ch 225, § 601; 88 Acts, ch 1134,
      § 94; 89 Acts, ch 76, § 9; 2003 Acts, ch 145, §286
         Referred to in § 507D.2, 507D.4