Iowa Code

Iowa Code § 515.140 (2026)

Unlawful combinations — exceptions

✓ current as of July 2026

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It shall be unlawful for two or more insurance companies doing business in this state, or for the officers, agents, or employees of such companies, to make or enter into any combination or agreement relating to the rates to be charged for insurance, the amount of commissions to be allowed agents for procuring the same, or the manner of transacting the insurance business within this state, but any number of insurance companies may appoint the same person or persons, who shall be residents of the state of Iowa, as their common agent or agents for the purpose of filing, in the manner prescribed by the insurance commissioner of Iowa, the forms of policies and of all permits and riders used generally throughout the state, as required by the laws of this state to be examined and approved by the said commissioner. [C97, §1754; C24, 27, 31, 35, 39, §9010; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.131] 2007 Acts, ch 152, §38 CS2007, §515.140 Referred to in §515.141, 515.145, 515A.19

Notes of Decisions

Cited in 1 case, 2004–2004 · leading case: Sager v. Farm Bureau Mut. Ins. Co., 680 N.W.2d 8 (Iowa 2004).

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Sager v. Farm Bureau Mut. Ins. Co., 680 N.W.2d 8 (Iowa 2004). “§ 515.140. Such policies, however, nonetheless remain binding upon the insurance company.”

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