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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515F - CASUALTY INSURANCE
515F.4A - REASONABLENESS OF BENEFITS IN RELATION TO PREMIUM CHARGED.

        515F.4A  REASONABLENESS OF BENEFITS IN RELATION TO
      PREMIUM CHARGED.
         Benefits provided by credit personal property insurance shall be
      reasonable in relation to the premium charged.  This requirement is
      satisfied if the premium rate charged develops or may reasonably be
      expected to develop a loss ratio of not less than fifty percent or
      such lower loss ratio as designated by the commissioner to afford a
      reasonable allowance for actual and expected loss experience
      including a reasonable catastrophe provision, general and
      administrative expenses, reasonable acquisition expenses, reasonable
      creditor compensation, investment income, premium taxes, licenses,
      fees, assessments, and reasonable insurer profit.
         Section History: Recent Form
         2001 Acts, ch 69, §34, 39
         Referred to in § 515F.23

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