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posted on July 1, 2008

Iowa Bulletin Prohibits All Rebates

NAMIC has learned from its state trade association partner, the Iowa Insurance Institute, that the Iowa Insurance Division has issued Bulletin 08-11, which bans any possible rebate to a policyholder.

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Founded in 1895, the National Association of Mutual Insurance Companies (NAMIC) is a full-service national trade association serving the property/casualty insurance industry with more than 1,400 member companies that underwrite more than 40 percent of the property/casualty insurance premium in the United States. NAMIC members are small farm mutual companies, state and regional insurance companies, risk retention groups, national writers, reinsurance companies, and international insurance giants. Together, we are NAMIC.

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Iowa Bulletin Prohibits All Rebates

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