515F.3  Scope of chapter.

This chapter applies to all forms of casualty insurance, including fidelity, surety, and guaranty bonds, including but not limited to all forms of fire and inland marine insurance, and to any combination of any of the foregoing, on risks or operations located in this state.

This chapter does not apply to:

1.  Reinsurance, other than statutorily authorized joint reinsurance mechanisms to the extent stated in section 515F.13.

2.  Accident and health insurance.

3.  Insurance of vessels or craft, their cargoes, marine builders' risks, marine protection and indemnity, or other risks commonly insured under marine, excluding inland marine insurance, as determined by the commissioner.

4.  Workers' compensation insurance.

5.  Surplus lines insurance.

6.  Insurance written by a county mutual insurance association as provided in chapter 518A.*

Section History: Recent form

  90 Acts, ch 1234, §47; 2000 Acts, ch 1023, §32

Internal References

  Referred to in § 515F.21, 515F.23


  *Chapter 518 probably intended; corrective legislation is pending

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