Iowa Code Chapter 515 - Insurance Other Than Life - Iowa Code (2025-26 compilation)

What this document is

Iowa Code Chapter 515 - Insurance Other Than Life - Iowa Code (2025-26 compilation) is a state statute published by Iowa General Assembly / Legislative Services Agency (legis.iowa.gov). It is one of the Iowa documents that insurance license exam questions are written from, including iowa property & casualty, iowa personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Iowa Code § 515.103(2)(b) (Use of credit information, personal insurance)

  “b. Deny issuance, cancel, or refuse to renew a policy of personal insurance solely on the basis of credit information, without consideration of any other applicable underwriting factors independent of credit information that are not otherwise prohibited under paragraph “a”.”

• Iowa Code § 515.103(4)(a) (Initial notification)

  “the insurer or the insurer’s agent shall disclose, either on the insurance application or at the time that the insurance application is taken, that the insurer may obtain credit information of the consumer in connection with the application.”

• Iowa Code § 515.129C(2) (Notice of renewal or nonrenewal of personal lines policies)

  “2. If an insurer fails to comply with the notice requirements of this section, the policy or contract shall be extended on the same terms and conditions for another policy or contract term or until the effective date of similar insurance procured by the insured, whichever is earlier. The insurer...”

• Iowa Code § 515.109(3) (Fire insurance contract, binders)

  “Binders or other contracts for temporary insurance may be made and shall be deemed to include all the terms of such standard policy and all such applicable endorsements as may be designated in such contract of temporary insurance; except that the cancellation clause of such standard policy, and the...”

• Iowa Code § 515.105 (Agency relationship)

  “Any officer, insurance producer, or representative of an insurance company doing business in this state who may solicit insurance, procure applications, issue policies, adjust losses, or transact the business generally of such companies, shall be held to be the agent of such insurance company with...”

• Iowa Code § 515.128(2) (Nonrenewal of commercial lines policies or contracts, notice period)

  “A notice of nonrenewal is not effective unless mailed or delivered by the insurer to the named insured and any loss payee at least forty-five days prior to the expiration date of the policy.”

• Iowa Code § 515.106 (Limitation on termination of independent producers)

  “An insurance company organized under this chapter or authorized to do business in this state shall not terminate a contract of an insurance producer who is an independent contractor but who is not an exclusive insurance producer as defined in section 522B.1 without at least one hundred eighty days’...”

• Iowa Code § 515.70(1)-(2) (Alien insurer defined, treatment as domestic)

  “An “alien insurer” is hereby defined to mean an insurance company incorporated or organized under the laws of any country other than the United States. 2. An alien insurer, with the approval of the commissioner, may be treated as a domestic insurer of this state in whole or in part.”

• Iowa Code § 515.71(1) (Alien insurer deposit of securities, amount)

  “Every alien insurer authorized to transact business in this state shall at all times maintain a deposit with the commissioner of insurance in cash or in securities in which insurance companies are authorized to invest, of a sum equal to the greater of the reserve on all policies covering risks...”

• Iowa Code § 515.112 (Fire insurance, violations and status of policy)

  “It shall be unlawful for any insurance company, its officers or agents, or either of them, to violate any of the provisions of section 515.109 by issuing, delivering, or offering to issue or deliver any policy of fire insurance on property in this state other than the standard form as provided in...”

• Iowa Code § 515.115(2)(b) (Certificates of insurance, effect on coverage)

  “A certificate of insurance is not a policy of insurance and does not affirmatively or negatively amend, extend, or alter the coverage afforded by the policy to which the certificate of insurance makes reference. A certificate of insurance shall not confer on any person new or additional rights...”

• Iowa Code § 515.129A(2) (Cancellation of personal lines policies, permitted reasons)

  “Notice of cancellation of a personal lines policy or contract of insurance is not effective unless the cancellation is based on one or more of the following reasons: a. Nonpayment of premium. b. Failure to pay dues or fees where payment of dues or fees is a prerequisite to obtaining or continuing...”

Practice this material

Questions about this source

More Iowa sources

• Iowa Code s. 507B.4: Unfair methods of competition and unfair or deceptive acts definedState statute
• Iowa Code ch. 522B - Licensing of Insurance Producers (ss. 522B.1-522B.18, the WHOLE chapter)State statute
• Iowa Code ch. 507B - Insurance Trade Practices (ss. 507B.1-507B.14, the WHOLE chapter, including 507B.4A, 507B.5, 507B.6A, 507B.7 and 507B.12)State statute
• Iowa Code ch. 508: Life insurance companies - standard policy provisionsState statute
• Iowa Code Chapter 514A - Accident and Health Insurance (Secs. 514A.1-514A.15)State statute
• Iowa Insurance Content OutlinesCandidate handbook or exam outline
• Iowa Insurance Licensing Candidate HandbookCandidate handbook or exam outline
• Iowa Administrative Code 191, Chapter 10 - Insurance Producer Licenses and Limited LicensesRegulation