2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 523C - RESIDENTIAL SERVICE CONTRACTS
523C.1 - DEFINITIONS.

        523C.1  DEFINITIONS.
         As used in this chapter, unless the context otherwise requires:
         1.  "Commissioner" means the commissioner of insurance.
         2.  "Custodial account" means an account established by
      agreement between a licensed service company and a custodian under
      section 523C.5.
         3.  "Custodial agreement" means an agreement entered into
      between a licensed service company and a custodian under section
      523C.5.
         4.  "Custodian" means an institution meeting the requirements
      established by the commissioner which institution has entered into a
      custodial agreement or reserve account agreement with a licensed
      service company.
         5.  "Depository" means an institution designated by the
      commissioner as an authorized custodian for purposes of sections
      523C.5 and 523C.11.
         6.  "Licensed service company" means a service company which
      is licensed by the commissioner pursuant to this chapter.
         7.  "Record" means the same as defined in section 516E.1.
         8.  "Reserve account agreement" means an agreement entered
      into between a licensed service company and a depository under
      section 523C.11.
         9.  "Residential service contract" means a contract or
      agreement between a residential customer and a service company which
      undertakes, for a predetermined fee and for a specified period of
      time, to maintain, repair, or replace all or any part of the
      structural components, appliances, or electrical, plumbing, heating,
      cooling, or air-conditioning systems of residential property
      containing not more than four dwelling units.
         10.  "Service company" means a person who issues and performs,
      or arranges to perform, services pursuant to a residential service
      contract.  

         83 Acts, ch 87, § 2; 88 Acts, ch 1112, § 703; 2000 Acts, ch 1147,
      §28; 2006 Acts, ch 1010, §145