Iowa Code (Last Updated: December 05, 2016) |
Title XIII. COMMERCE |
Chapter 518C. COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION |
Section 518C.14. Recognition of assessments in rates.
Latest version.
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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.