515F.4A Reasonableness of benefits in relation to premium charged. Benefits provided by credit personal property insurance shall be reasonable in relation to the premium charged. This requirement is satisfied if the premium rate charged developsor may reasonably be expected to develop a loss ratio of not less than fifty percent orsuch lower loss ratio as designated by the commissioner to afford a reasonable allowancefor actual and expected loss experience including a reasonable catastrophe provision,general and administrative expenses, reasonable acquisition expenses, reasonable creditorcompensation, investment income, premium taxes, licenses, fees, assessments, andreasonable insurer profit. 2001 Acts, ch 69, §34, 39Referred to in §515F.23 Sat Dec 23 00:48:47 2023 Iowa Code 2024, Section 515F.4A (17, 0)
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