The purpose of this chapter is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in the Act of Congress of March 9, 1945, Pub. L. No. 79-15, 59 Stat. 33, codified at 15 U.S.C. §1011 – 1015, by defining, or providing for the determination of, all such practices in this state which constitute unfair methods of competition or unfair or deceptive acts or practices and by prohibiting the trade practices so defined or determined.
Iowa Code § 507B.1
Declaration of purpose
Applied in 1 court decision — leading case Van Natta v. Sara Lee Corp. (2006)
Most recently applied in Van Natta v. Sara Lee Corp. (June 2006)
[C58, 62, 66, 71, 73, 75, 77, 79, 81, §507B.1] 2006 Acts, ch 1010, §135
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.