Iowa Admin. Code r. 191-112.9

Current through Register Vol. 47, No. 8, October 30, 2024
Rule 191-112.9 - Prohibition against avoidance

No insurer that has covered policies as to which this chapter applies, as set forth in rule 191-112.3 (521B), shall take any action or series of actions, or enter into any transaction or arrangement or series of transactions or arrangements, if the purpose of such action, transaction or arrangement or series thereof is to avoid the requirements of this chapter, or to circumvent its purpose and intent, as set forth in rule 191-112.2(521B).

Iowa Admin. Code r. 191-112.9

Adopted by IAB December 6, 2017/Volume XL, Number 12, effective 1/10/2018