515.12 Mutual companies — conditions. No mutual company shall issue policies or transact any business of insurance unless it shall hold a certificate of authority from the commissioner of insurance authorizing the transaction of such business, which certificate of authority shall not be issued until and unless the company shall comply with the following conditions: […]
515.120 Business with nonadmitted insurers. Repealed by 2012 Acts, ch 1025, §21, 22 . See chapter 515I.
515.121 Administrative penalty. Repealed by 2012 Acts, ch 1025, §21, 22.
515.122 Banned companies — information required. Repealed by 2012 Acts, ch 1025, §21, 22.
515.123 Repealed by 2001 Acts, ch 16, §36, 37 .
515.124 Repealed by 2001 Acts, ch 16, §36, 37 .
515.125 Forfeiture of policies — notice. 1. Unless otherwise provided in section 515.127, 515.128, 515.129, 515.129A, 515.129B, or 515.129C, a policy or contract of insurance provided for in this chapter shall not be forfeited, suspended, or canceled except by notice to the insured as provided in this chapter. A notice of cancellation is not effective […]
515.126 Cancellation of policy — notice to insured or mortgagee. 1. Unless otherwise provided in section 515.127, 515.128, 515.129, 515.129A, 515.129B, or 515.129C, at any time after the maturity of a premium, assessment, or installment provided for in the policy, or a note or contract for the payment thereof, or after the suspension, forfeiture, or […]
515.127 Cancellation of commercial lines policies or contracts. 1. A commercial line policy or contract of insurance, except a policy or contract for crop hail or multiperil crop insurance, which has not been previously renewed may be canceled by the insurer if it has been in effect for less than sixty days at the time […]
515.128 Nonrenewal of commercial lines policies or contracts. 1. An insurer shall not fail to renew a commercial line policy or contract of insurance except by notice to the named insured as provided in this section. 2. A notice of nonrenewal is not effective unless mailed or delivered by the insurer to the named insured […]
515.128A Material changes in commercial lines policies or contracts — notice required. 1. If an insurer has an increase in the premium rates of twenty-five percent or more, an increase in the deductible of twenty-five percent or more, or a material reduction in the limits or coverage of the policy or contract, the insurer shall […]
515.129 Cancellation or nonrenewal of commercial umbrella or excess policies or contracts. 1. As used in this section, “umbrella or excess insurance policy” means a commercial line policy or contract of insurance providing liability or property coverage over one or more underlying policies or over a specified amount of self-insured retention. Umbrella or excess insurance […]
515.129A Cancellation of personal lines policies or contracts. 1. After a personal lines policy or contract of insurance has been in effect for sixty days or more, the policy or contract shall not be canceled except by notice to the insured as provided in this chapter. 2. Notice of cancellation of a personal lines policy […]
515.129B Nonrenewal of personal lines policies or contracts. 1. An insurer shall not refuse to renew a personal lines policy or contract of insurance unless at least thirty days before the end of the policy or contract period the insurer delivers, mails, or electronically transmits to the first named insured, at the last known address […]
515.129C Notice of renewal or nonrenewal of personal lines policies or contracts. 1. At least thirty days before the end of the policy or contract term, an insurer shall mail or deliver to the last known address of the first named insured a renewal policy or contract, an offer to renew the current policy or […]
515.12A Alternative minimum surplus levels. A mutual company authorized to transact business under this chapter shall comply with the minimum surplus requirements of section 515.12 or chapter 521E, whichever is greater. 96 Acts, ch 1046, §7
515.13 Reservation. None of the provisions of section 515.12, subsection 5, shall apply to any company heretofore organized and approved by the commissioner of insurance, but which had not completed its organization on May 28, 1937, nor shall section 515.12, subsection 5, apply to any company already licensed to issue policies. [C39, §8906.1; C46, 50, […]
515.130 Short rates. The commissioner of insurance shall prepare and promulgate tables of the short rates provided for in section 515.132, for the various kinds and classes of insurance governed by the provisions of this chapter, which, when promulgated, shall be for the guidance of all companies covered in this chapter and shall be the […]
515.131 Policy restored. At any time before cancellation of the policy for nonpayment of any premium, assessment, or installment provided for therein, or in any note or contract for the payment thereof, or after action commenced or judgment rendered thereon, the insured may pay to the insurer the full amount due, including court costs if […]
515.132 Right of insured to cancel. No provision, stipulation, or agreement to the contrary in or independent of the policy or contract of insurance shall avoid or defeat the right of any insured to pay short rates and costs of action, if any, and have the policy and all contracts connected therewith, including judgments rendered […]
