507E.2A Definitions. As used in this chapter, unless the context otherwise requires:1. 'Insurance' means any and all contracts, arrangements, and agreements by or through which one party, for compensation, assumes risks of another party and promises to paythe second party or the second party’s nominee a certain or ascertainable sum of moneyon the occurrence of a specified contingency. 'Insurance' includes any and all contracts,arrangements, or agreements contemplated by, falling within, and coming under section87.11. Without limiting the foregoing, 'insurance' includes any contract of insurance, indemnity, subscription, membership, suretyship, or annuity that has been issued, isproposed for issuance, or is intended for issuance by any person or entity. 2. 'Insurer' means any corporation, association, partnership, or individual engaged in the business of insurance, including but not limited to a corporation, association, partnership, orindividual that issues a policy of workers’ compensation, a self-insured business for purposesof workers’ compensation liability, or a group or self-insured plan as described in section87.4. rship, orindividual that issues a policy of workers’ compensation, a self-insured business for purposesof workers’ compensation liability, or a group or self-insured plan as described in section87.4. 'Insurer' does not include a person required to be licensed to sell, solicit, or negotiateinsurance pursuant to chapter 522B. 2018 Acts, ch 1169, §22; 2021 Acts, ch 181, §3 Sat Dec 23 00:40:10 2023 Iowa Code 2024, Section 507E.2A (10, 0)
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