2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515B - INSURANCE GUARANTY ASSOCIATION
515B.1 - SCOPE.

        515B.1  SCOPE.
         This chapter shall apply to all kinds of direct insurance
      authorized to be written by an insurer licensed to operate in this
      state under chapter 515 or chapter 520, but shall not be applicable
      to the following:
         1.  Life, annuity, health, or disability insurance.
         2.  Mortgage guaranty, financial guaranty, residual value, or
      other forms of insurance offering protection against investment
      risks.
         3.  Fidelity or surety bonds, or any other bonding obligations.
         4.  Credit insurance, vendors' single interest insurance, or
      collateral protection insurance or any similar insurance protecting
      the interests of a creditor arising out of a creditor-debtor
      transaction.
         5.  Insurance warranties or service contracts, including insurance
      that provides for the repair, replacement, or service of goods or
      property, or indemnification for repair, replacement, or service, for
      the operational or structural failure of the goods or property due to
      a defect in materials, workmanship, or normal wear and tear, or
      provides reimbursement for the liability incurred by the issuer of
      agreements or service contracts that provide such benefits.
         6.  Title insurance.
         7.  Ocean marine insurance.
         8.  A transaction or combination of transactions between a person,
      including affiliates of such person, and an insurer, including
      affiliates of such insurer, which involves the transfer of investment
      or credit risk unaccompanied by transfer of insurance risk.
         9.  Insurance provided by, guaranteed by, or reinsured by
      government.  

         Section History: Early Form

         [C71, 73, 75, 77, 79, 81, § 515B.1] 

         Section History: Recent Form

         86 Acts, ch 1184, § 2; 88 Acts, ch 1112, § 504; 97 Acts, ch 186,
      §13; 2001 Acts, ch 69, §31; 2009 Acts, ch 145, §24