2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515F - CASUALTY INSURANCE
515F.34 - MEMBERSHIP.

        515F.34  MEMBERSHIP.
         1.  Eligibility for membership in the FAIR plan and its
      underwriting association requires all of the following:
         a.  The insurer must be licensed to write property insurance
      in this state.
         b.  The insurer is engaged in writing property insurance in
      this state, including the property insurance components of multiperil
      on a direct basis.
         2.  Each insurer that meets the eligibility requirements in
      subsection 1 shall be required to do all of the following:
         a.  Automatically subscribe to the articles of agreement for
      the FAIR plan and the underwriting association as a prerequisite to
      authority to transact property insurance business in this state.
         b.  Become and remain a member both of the FAIR plan and the
      underwriting association.
         c.  Comply with the requirements of the FAIR plan and the
      underwriting association as a condition of the insurer's authority to
      transact property insurance business in this state.  

         2003 Acts, ch 119, §5, 11