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. Such rates and premiums shall not be deemed excessive as a result of including such recoupment allowances.
Iowa Code § 518C.14
Recognition of assessments in rates
Known as the Iowa County and State Mutual Insurance Guaranty Association Act
The act spans §§ 518C.1 to 518C.9 (19 sections).
2000 Acts, ch 1035, §14
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.