2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 509 - GROUP INSURANCE
509.17 - GUIDELINES FOR RATES.

        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.  

         Section History: Early Form

         [C71, 73, § 535.2; C75, 77, 79, 81, § 509.17] 

         Section History: Recent Form

         90 Acts, ch 1234, §28, 29