Iowa Code

Iowa Code § 507.4 (2026)

Examiners — salaries

✓ current as of July 2026

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1. The commissioner of insurance may appoint insurance examiners, at least one of whom shall be an experienced actuary, and at least one of whom shall be an experienced and competent fire insurance accountant, and who, while conducting examinations, shall possess all the powers conferred upon the commissioner of insurance for such purposes. The entire time of the examiners shall be under the control of the commissioner, and shall be employed as the commissioner may direct. \n Tue Dec 09 22:06:01 2025 Iowa Code 2026, Chapter 507 (25, 0) 3 EXAMINATION OF INSURANCE COMPANIES, §507.8\n\n 2. The commissioner may, when in the commissioner’s judgment it is advisable, appoint assistants to aid in conducting examinations. The commissioner shall employ rates of compensation consistent with current standards in the industry for certified public accountants, attorneys, and skilled insurance examiners. The commissioner may use compensation rates suggested by the national association of insurance commissioners. Insurance examiners employed under this section shall be exempt from the merit system provisions of chapter 8A, subchapter IV, under section 8A.412, subsection 16. Compensation shall be paid from appropriations for such purposes upon certification of the commissioner, which shall be reimbursed as provided in sections 507.8 and 507.9. [S13, §1821-c; C24, 27, 31, 35, 39, §8628; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §507.4] 2008 Acts, ch 1123, §11 Referred to in §87.11C \n

Notes of Decisions

Cited in 1 case, 1997–1997 · leading case: Terra Indus., Inc. v. Commonwealth Ins. Co. of Am., 990 F. Supp. 679 (N.D. Iowa 1997).

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Terra Indus., Inc. v. Commonwealth Ins. Co. of Am., 990 F. Supp. 679 (N.D. Iowa 1997). · cites it 2× “In reaching that conclusion, the Iowa Supreme Court noted that “[cjhapter 507B does not specify whether an individual cause of action is authorized for violation of section 507.4(9)(f)”; thus, the court first determined “the appropriate test for determining when a cause of…”

— Iowa Code § 507.4(9)(f) — 1 case

Terra Indus., Inc. v. Commonwealth Ins. Co. of Am., 990 F. Supp. 679 (N.D. Iowa 1997). “In reaching that conclusion, the Iowa Supreme Court noted that “[cjhapter 507B does not specify whether an individual cause of action is authorized for violation of section 507.4(9)(f)”; thus, the court first determined “the appropriate test for determining when a cause of…”

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