516B.3 - MINOR TRAFFIC VIOLATIONS NOT CONSIDERED IN ESTABLISHING RATES.

        516B.3  MINOR TRAFFIC VIOLATIONS NOT CONSIDERED IN      ESTABLISHING RATES.         1.  The commissioner shall require that insurance companies      transacting business in this state not consider speeding violations      occurring on or after July 1, 1986, but before May 12, 1987, which      are for speeding violations for ten miles per hour or less over the      legal speed limit in speed zones that have a legal speed limit      greater than thirty-five miles per hour or speeding violations      occurring on or after May 12, 1987, which are for speeding violations      for ten miles per hour or less over the legal speed limit in speed      zones that have a legal speed limit equal to or greater than      thirty-five miles per hour but not greater than fifty-five miles per      hour for the purpose of establishing rates for motor vehicle      insurance charged by the insurer and shall require that insurance      companies not cancel or refuse to renew any such policy for such      violations.  In any twelve-month period, this section applies only to      the first two such violations which occur.         2.  If the rate for motor vehicle insurance is based on an      operating record of a period longer than twelve months in length, the      twelve-month periods under subsection 1 shall not overlap.  
         Section History: Recent Form
         87 Acts, ch 120, § 8; 88 Acts, ch 1158, § 78; 88 Acts, ch 1214, §3         Referred to in § 507B.4