{"data":{"id":"us-ia/iowa-code-515f.20","jurisdiction":"us-ia","citation":"Iowa Code § 515F.20","heading":"Definitions.","body":"As used in sections 515F.21 through 515F.25 unless the context otherwise requires:\n1. “Competitive market” means a market for which an order is in effect pursuant to section 515F.22 that a reasonable degree of competition does exist.\n2. “Market” means the interaction between buyers and sellers consisting of a product market component and a geographic market component. A product market component consists of identical or readily substitutable products including, but not limited to, consideration of coverage, policy terms, rate classifications, and underwriting. A geographic component is a geographical area in which buyers have a reasonable degree of access to the insurance product through sales outlets or other marketing mechanisms.\n3. “Noncompetitive market” means a market which has not been found to be competitive pursuant to section 515F.22.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 515F - CASUALTY INSURANCE","Subchapter II - RATE FILINGS IN COMPETITIVE MARKETS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/515F.20.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:13Z","sha256":"2bdd42c1e838398d168b0cea961c5cc67938b755e656bc3083be914e28500746","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-515f.19","next":"us-ia/iowa-code-515f.21"},"notice":"GroundRules: Original legal text. Not legal advice."}