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Iowa Code Title XIII. Commerce [Chs. 505-554D] § 518B.6. Insolvent insurers

Current as of January 01, 2024 | Updated by Findlaw Staff

In the event any insurer fails, by reason of insolvency, to pay any assessment, the commissioner shall cause the reimbursement ratios computed under section 518B.4 to be immediately recalculated excluding therefrom the insolvent insurer, so that its assessment is in effect assumed and redistributed among the remaining insurers.

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Cite this article: FindLaw.com - Iowa Code Title XIII. Commerce [Chs. 505-554D] § 518B.6. Insolvent insurers - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xiii-commerce-chs-505-554d/ia-code-sect-518b-6/

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