2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515F - CASUALTY INSURANCE
515F.24 - FILING OF RATES IN A COMPETITIVE MARKET.

        515F.24  FILING OF RATES IN A COMPETITIVE MARKET.
         1.  Subject to the inland marine exception specified in section
      515F.5, subsection 1, a competitive filing shall become effective
      when filed and shall be deemed to meet the requirements of section
      515F.4 as long as the filing remains in effect unless it is
      disapproved upon review by the commissioner.
         2.  In a competitive market, every insurer shall file with the
      commissioner all rates and supplementary rate information which are
      used in this state.  The rates and supplementary rate information
      shall be filed not later than fifteen days after the effective date
      of the rates.
         3.  In a competitive market, if the commissioner finds that an
      insurer's rates require closer supervision because of the insurer's
      financial condition or unfairly discriminatory rating practices, the
      insurer shall file with the commissioner at least thirty days prior
      to the effective date of the rates all the rates and supplementary
      rate information and supporting information as prescribed by the
      commissioner.  Upon application by the filer, the commissioner may
      authorize an earlier effective date.  

         87 Acts, ch 132, §10
         CS87, § 515A.24
         90 Acts, ch 1234, § 67, 77
         C91, § 515F.24
         Referred to in § 515F.20, 515F.21