The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association, and such rates shall not be deemed excessive as a result of containing such recoupment allowances.
Iowa Code § 515B.13
Recognition of assessments in rates
Known as the Iowa Insurance Guaranty Association Act
The act spans §§ 515–515 (21 sections).
[C71, 73, 75, 77, 79, 81, §515B.13]
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.