2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.102 - FORMS OF POLICIES AND ENDORSEMENTS -- APPROVAL.

        515.102  FORMS OF POLICIES AND ENDORSEMENTS --
      APPROVAL.
         1.  The form of all policies, and of applications, and of
      agreements or endorsements modifying the provisions of policies, and
      of all permits and riders used generally throughout the state, that
      are issued or proposed to be issued by any insurance company doing
      business in this state under the provisions of this chapter, shall
      first be examined and approved by the commissioner of insurance.
         2.  The commissioner, upon a determination that the examination
      required under subsection 1 is unnecessary to achieve the purpose of
      this section, may exempt either of the following:
         a.  Any specified person by order, or any class of persons by
      rule.
         b.  Any specified risk by order, or any line or kind of
      insurance, or subdivision of insurance, or any class of risk or
      combination of classes of risks by rule.
         3.  Forms of policies issued or proposed to be issued shall
      provide for the cancellation of the policy at the request of the
      insured upon equitable terms, and the return to the insured of any
      premium paid in excess of the customary short rates for the insurance
      up to the time of cancellation, or the release of the insured from
      any liability beyond such short rates, or for losses after the
      cancellation of the policy if the insurance is issued or proposed to
      be issued by a mutual company.  

         Section History: Recent Form

         2007 Acts, ch 152, §65
         Referred to in § 515.109 

         Footnotes

         Former § 515.102 repealed by 2007 Acts, ch 152, § 84; see §
      515.101