2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515F - CASUALTY INSURANCE
515F.20 - DEFINITIONS.

        515F.20  DEFINITIONS.
         As used in sections 515F.21 through 515F.25 unless the context
      otherwise requires:
         1.  "Competitive market" means a market for which an order is
      in effect pursuant to section 515F.22 that a reasonable degree of
      competition does exist.
         2.  "Market" means the interaction between buyers and sellers
      consisting of a product market component and a geographic market
      component.  A product market component consists of identical or
      readily substitutable products including, but not limited to,
      consideration of coverage, policy terms, rate classifications, and
      underwriting.  A geographic component is a geographical area in which
      buyers have a reasonable degree of access to the insurance product
      through sales outlets or other marketing mechanisms.
         3.  "Noncompetitive market" means a market which has not been
      found to be competitive pursuant to section 515F.22.  

         87 Acts, ch 132, § 6
         CS87, §515A.20
         90 Acts, ch 1234, § 77
         C91, § 515F.20
         Referred to in § 515F.21