Statutes > Iowa Statutes > Title 13 - Commerce > Subtitle 1 - Insurance and Related Regulation > CHAPTER 515E - RISK RETENTION GROUPS AND PURCHASING GROUPS > 515E.1 - PURPOSE.

515E.1 - PURPOSE.

        515E.1  PURPOSE.         The purpose of this chapter is to regulate the formation and      operation in this state of risk retention groups formed pursuant to      the Product Liability Risk Retention Act of 1981, 15 U.S.C. § 3901 et      seq., or the Risk Retention Amendments of 1986, Pub. L. No. 99-563.      As used in this chapter, "federal Act" means the Product      Liability Risk Retention Act of 1981 as amended.
         Section History: Recent Form
         88 Acts, ch 1111, §2