515F.32 Definitions. As used in this subchapter, unless the context otherwise requires:1. 'Basic property insurance' means insurance against direct loss to property as defined in the standard fire policy and extended coverage, vandalism, and malicious mischiefendorsements; homeowners insurance; and such other coverage or classes of insurance asmay be added to the FAIR plan by the commissioner. 'Basic property insurance' does notinclude any of the following: a. Automobile insurance.b. Inland marine insurance.2. 'FAIR plan' means the plan to assure fair access to insurance requirements established pursuant to section 515F.33. 3. 'Insurer' includes all companies or associations licensed to transact insurance business in this state under chapters 515, 518, and 518A, reciprocal insurers issued a certificate ofauthority pursuant to chapter 520, and companies or associations admitted or seeking tobe admitted to do business in this state under any of those chapters, notwithstanding anyprovision of the Code to the contrary. 2003 Acts, ch 119, §3, 11; 2004 Acts, ch 1101, §74; 2021 Acts, ch 181, §28, 29 Sat Dec 23 00:49:04 2023 Iowa Code 2024, Section 515F.32 (19, 0)
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