Iowa Code 521E.9 – Supplemental provisions — rules — exemption
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1. The provisions of this chapter are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under such laws, including, but not limited to, chapter 507C.
Terms Used In Iowa Code 521E.9
- Commissioner: means the commissioner of insurance. See Iowa Code 521E.1
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Insurer: means a person duly licensed in this state as an insurance company pursuant to this subtitle. See Iowa Code 510.1B
- property: includes personal and real property. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
2. The commissioner may adopt rules pursuant to chapter 17A necessary for the administration of this chapter.
3. The commissioner may exempt from the application of this chapter any domestic property and casualty insurer which satisfies all of the following:
a. Writes direct business only in this state.
b. Writes direct annual premiums of one million dollars or less.
c. Does not assume reinsurance in excess of five percent of direct premiums written.