# Iowa Code § 518B.6: Insolvent insurers

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C518B_S518B.6

## Section

- **Citation:** Iowa Code § 518B.6
- **Heading:** Insolvent insurers
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 518B / Section 518B.6

## Text

In the event any insurer fails, by reason of insolvency, to pay any assessment, the commissioner shall cause the reimbursement ratios computed under section 518B.4 to be immediately recalculated excluding therefrom the insolvent insurer, so that its assessment is in effect assumed and redistributed among the remaining insurers.

[C71, 73, 75, 77, 79, 81, §518B.6]

## Nearby sections

- [Iowa Code § 518B.1 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C518B_S518B.1.md)
- [Iowa Code § 518B.2 Reimbursement fund created.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C518B_S518B.2.md)
- [Iowa Code § 518B.3 Secretary reimbursed.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C518B_S518B.3.md)
- [Iowa Code § 518B.4 Insurers assessed.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C518B_S518B.4.md)
- [Iowa Code § 518B.5 Warrants issued overage fund.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C518B_S518B.5.md)
- [Iowa Code § 518B.6 Insolvent insurers.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C518B_S518B.6.md)
- [Iowa Code § 518B.7 Recovery factor included.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C518B_S518B.7.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C518B_S518B.6. Check the current official text before relying on it. Not legal advice.