Iowa Code Title XIII. Commerce [Chs. 505-554D] § 515J.8. Notice to consumers--special flood hazard areas

1. Before placing an applicant whose property is located in a special flood hazard area with private flood insurance, an insurance producer, surplus lines broker, or an authorized insurer upon the authorized insurer's election or if there is not an insurance producer or surplus lines broker, shall provide notice to the applicant of the following:

2. This section is repealed effective thirty calendar days after enactment of federal legislation mandating that an insured may switch between private flood insurance and flood insurance under the national flood insurance program without risk of penalty. The commissioner shall notify the Iowa Code editor upon the occurrence of this condition.