§ 515.48

515.48 Kinds of insurance. Any company organized under this chapter or authorized to do business in this state may:1. a. Insure dwelling houses, stores and all kinds of buildings and household furniture, and other property against direct or indirect or consequential loss or damage, including lossof use or occupancy and the depreciation of property lost or damaged by fire, smoke, smudge,lightning and other electrical disturbances, collision, falls, wind, tornado, cyclone, volcaniceruptions, earthquake, hail, frost, snow, sleet, ice, weather or climatic conditions, includingexcess or deficiency of moisture, flood, rain, or drought, rising of the waters of the ocean or itstributaries, bombardment invasion, insurrection, riot, strikes, labor disturbances, sabotage,civil war or commotion, military or usurped power, any order of a civil authority made toprevent the spread of a conflagration, epidemic or catastrophe, vandalism or maliciousmischief, and by explosion whether fire ensues or not, except explosion on risks specified insubsection 6, provided, however, that there may be insured hereunder the following: (1) Explosion of pressure vessels, not including steam boilers of more than

, except explosion on risks specified insubsection 6, provided, however, that there may be insured hereunder the following: (1) Explosion of pressure vessels, not including steam boilers of more than fifteen pounds pressure, in buildings designed and used solely for residential purposes by not more than fourfamilies. (2) Explosion of any kind originating outside of the insured building or outside of the building containing the property insured. (3) Explosion of pressure vessels which do not contain steam or which are not operated with steam coils or steam jackets. (4) Loss or damage by insects or disease to farm crops or products, and loss of rental value of land used in producing such crops or products. (5) Accidental injury to sprinklers, pumps, water pipes, elevator tanks and cylinders, steam pipes and radiators, plumbing and its fixtures, ventilating, refrigerating, heating,lighting, or cooking apparatus, or their connections, or conduits or containers of any gas,fluid, or other substance. (6) Loss or damage to property of the insured caused by the breakage or leakage or by water, hail, rain, sleet, or snow seeping or entering through water pipes, leaks, or openingsin

other substance. (6) Loss or damage to property of the insured caused by the breakage or leakage or by water, hail, rain, sleet, or snow seeping or entering through water pipes, leaks, or openingsin buildings. (7) Loss of and damage to glass, including lettering and ornamentation thereon, and against loss or damage caused by the breakage of glass. (8) Loss or damage caused by railroad equipment, motor vehicles, airplanes, seaplanes, dirigibles, or other aircraft. (9) Risks under a multiple peril nonassessable policy reasonably related to the ownership, use or occupancy of a private dwelling or dwellings. b. Loss by depreciation as referred to in this subsection may include the cost of repair and replacement. 2. Insure the fidelity of persons holding places of private or public trust, or execute any bond or other obligation whenever the performance or refraining from any contract, act,duty or obligation is required or permitted by law to be made, given, or filed, including allbonds in criminal causes, and insure the maker, drawer, drawee, or endorser of checks, drafts,bills of exchange, or other commercial paper against loss by reason of any alteration of suchinstruments. 3.

ds in criminal causes, and insure the maker, drawer, drawee, or endorser of checks, drafts,bills of exchange, or other commercial paper against loss by reason of any alteration of suchinstruments. 3. Insure the safekeeping of books, papers, moneys, stocks, bonds and all kinds of personal property from loss, damage or destruction from any cause, and receive them ondeposit. 4. Insure against loss or damage by theft, injury, sickness, or death of animals and to furnish veterinary service. 5. a. Insure any person, the person’s family or dependents, against bodily injury or death by accident, or against disability on account of sickness, or accident, including the grantingof hospital, medical, surgical and sick care benefits, but such benefits shall not includethe furnishing or replacing in kind of whole human blood or blood products of any kind;however, this provision shall not prohibit payments of indemnity for human blood or bloodproducts. An insurer may contract with health care services providers and offer differentlevels of benefits to policyholders based upon the provider contracts.

ts of indemnity for human blood or bloodproducts. An insurer may contract with health care services providers and offer differentlevels of benefits to policyholders based upon the provider contracts. Sat Dec 23 00:46:52 2023 Iowa Code 2024, Section 515.48 (29, 0) §515.48, INSURANCE OTHER THAN LIFE 2 b. Insure against legal liability, and against loss, damage, or expense incident to a claim of such liability, arising out of the death or injury of any person, or arising out of injury tothe economic interests of any person as the result of error or negligence in rendering expert,fiduciary or professional service. c. Insure against loss or damage to property caused by the accidental discharge or leakage of water from automatic sprinkler system and against loss or damage by water or other fluidor substance to any property resulting from the breakage or leakage of other apparatus orof water pipes or other conduits or containers or resulting from casual water entering intocracks or openings in buildings or by seepage through building walls, but not including lossor damage resulting from flood; and including insurance against accidental injury of suchsprinklers, pumps, apparatus, conduits

n buildings or by seepage through building walls, but not including lossor damage resulting from flood; and including insurance against accidental injury of suchsprinklers, pumps, apparatus, conduits or containers. d. Insure against loss in consequence of accidents or casualties of any kind to employees, including workers’ compensation, or to persons or property resulting from any act ofan employee, or any accident or casualty to person or property, or both, occurring in orconnected with the transaction of insured’s business, or from the operation of any machineryconnected therewith; or to persons or property for which loss the insured is legally liableincluding an obligation of the insurer to pay medical, hospital, surgical, funeral or otherbenefits irrespective of legal liability of insured. e. Insure against liability for loss or expense arising or resulting from accidents occurring by reason of the ownership, maintenance, or use of automobiles or other conveyancesincluding aircraft, resulting in personal injuries or death, or damage to property belongingto others, or both, and for damages to assured’s own automobile or aircraft when sustainedthrough collision with another

craft, resulting in personal injuries or death, or damage to property belongingto others, or both, and for damages to assured’s own automobile or aircraft when sustainedthrough collision with another object, and insure the assured’s own automobile or aircraftagainst loss or damage, including the loss of use thereof, by fire, lightning, windstorm,tornado, cyclone, hail, burglary or theft, vandalism, malicious mischief, or the wrongfulconversion, disposal, or concealment thereof, or any one or more of such hazards, whethersaid automobile or aircraft is held under conditional sale, contract, or subject to chattelmortgages. f. Insure against loss of or damage to any property of the insured resulting from collision of any object with such property. 6. Insure against loss or injury to person or property, or both, and against loss of rents or use of buildings, and other property growing out of explosion or rupture of boilers,pipes, flywheels, engines, pressure containers, machinery, and similar apparatus of any kindincluding equipment used for creating, transmitting, or applying power, light, heat, steam,air conditioning or refrigeration. 7.

ines, pressure containers, machinery, and similar apparatus of any kindincluding equipment used for creating, transmitting, or applying power, light, heat, steam,air conditioning or refrigeration. 7. Insure against loss or damage resulting from burglary or robbery, or attempt thereat, or larceny. 8. Insure or guarantee and indemnify merchants, traders, and those engaged in business and giving credit from loss and damage by reason of giving and extending credit to theircustomers and those dealing with them, which business shall be known as credit insurance. a. Such insurance may cover losses, less a deduction of an agreed percentage, not to exceed ten percent, representing anticipated profits, and a further deduction not to exceedthirty-three and one-third percent, on losses on credits extended to risks who have inferiorratings, and less an agreed deduction for normal loss. b. Such coinsurance percentages shall be deducted in advance of the agreed normal loss from the gross covered loss sustained by the insured. 9. Insure vessels, boats, cargoes, goods, merchandise, freights, specie, bullion, jewelry, jewels, profits, commissions, bank notes, bills of exchange, and other evidence

ss sustained by the insured. 9. Insure vessels, boats, cargoes, goods, merchandise, freights, specie, bullion, jewelry, jewels, profits, commissions, bank notes, bills of exchange, and other evidence of debt,bottomry, and respondentia interest and every insurance appertaining to or connected withany or all risks or perils of navigation, transit, or transportation, including war risks, on orunder any seas or other waters, on land or in the air, or while being assembled, packed,crated, baled, compressed or similarly prepared for shipment or while awaiting the sameor during any delays, storage, transshipment, or reshipment, incident thereto, includingmarine builder’s risks; and for loss or damage for which the insured is legally liable topersons or property in connection with or appertaining to marine, inland marine, transit,or transportation insurance, including liability for loss of or damage arising out of or in Sat Dec 23 00:46:52 2023 Iowa Code 2024, Section 515.48 (29, 0) connection with the construction, repair, maintenance, storage or use of the subject matter ofsuch insurance; and insure against loss or damage to silverware, musical instruments, furs,garments, fine arts,

tion with the construction, repair, maintenance, storage or use of the subject matter ofsuch insurance; and insure against loss or damage to silverware, musical instruments, furs,garments, fine arts, precious stones, jewels, jewelry, gold, silver, and other precious metalsor valuable items whether used in business, transportation, trade or otherwise; and insureautomobiles, airplanes, seaplanes, dirigibles or other aircraft, whether stationary or beingoperated under their own power, which include all or any of the hazards of fire, explosion,transportation, collision, loss by legal liability for damage to property resulting from themaintenance and use of automobiles, airplanes, seaplanes, dirigibles, or other aircraft, andloss by burglary or theft, vandalism, malicious mischief, or the wrongful conversion, disposalor concealment of automobiles whether held under conditional sale, contract, or subjectto chattel mortgage, or any one or more of such hazards, including insurance against lossby reason of bodily injury to the person including medical, hospital and surgical expenseirrespective of legal liability of insured. 10.

y one or more of such hazards, including insurance against lossby reason of bodily injury to the person including medical, hospital and surgical expenseirrespective of legal liability of insured. 10. Insure any additional risk not specifically included within any of the classes enumerated in this section, which is a proper subject for insurance, is not prohibited by lawor contrary to sound public policy, and which, after public notice and hearing, is specificallyapproved by the commissioner of insurance, except title insurance or insurance against lossor damage by reason of defective title, encumbrances or otherwise. When such additionalkind of insurance is approved by the commissioner, the commissioner shall designate withinwhich classification of risks provided for in section 515.49 it shall fall. [C73, §1132; C97, §1709; S13, §1709; C24, 27, 31, 35, 39, §8940; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.48] 85 Acts, ch 239, §6; 2012 Acts, ch 1023, §157; 2016 Acts, ch 1073, §148; 2017 Acts, ch 54, §61; 2021 Acts, ch 80, §326, 327 Referred to in §321.1, 432.1, 432A.1, 508C.3, 517.1, 535.8, 811.3Action on liability policy, chapter 516 Sat Dec 23 00:46:52 2023 Iowa Code

3, §148; 2017 Acts, ch 54, §61; 2021 Acts, ch 80, §326, 327 Referred to in §321.1, 432.1, 432A.1, 508C.3, 517.1, 535.8, 811.3Action on liability policy, chapter 516 Sat Dec 23 00:46:52 2023 Iowa Code 2024, Section 515.48 (29, 0)