Iowa Code Chapter 515B - Insurance Guaranty Association - Iowa Code (2025-26 compilation)
Edition and licensing notes
Publisher. Iowa General Assembly / Legislative Services Agency (legis.iowa.gov)
Edition. Iowa Code PDF as served by legis.iowa.gov, PDF creation date 2025-12-09; retrieved 2026-09-29
Status. Iowa Code and Iowa Administrative Code, public domain (state government edict).
What this document is
Iowa Code Chapter 515B - Insurance Guaranty Association - 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 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 § 515B.18 (Prohibited advertising)
“A person shall not advertise or publish, in connection with the sale of an insurance policy, that claims under the insurance policy are subject to this chapter or will be paid by the Iowa insurance guaranty association.”
- Iowa Code § 515B.9(1)(a) (Nonduplication of recovery)
“Any person having a claim under an insurance policy, and the claim under such other policy alleges the same damages or arises from the same facts, injury, or loss that gives rise to a covered claim against the association, shall be required to first exhaust all coverage provided by that policy,...”
- Iowa Code § 515B.5(1)(a)(3) (Duties and powers of the association, per-claim ceiling)
“An amount not exceeding the lesser of the policy limits or five hundred thousand dollars per claim for all covered claims for all damages arising out of any one or series of accidents, occurrences, or incidents, regardless of the number of persons making claims or the number of applicable policies.”
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