{"data":{"id":"us-ia/iowa-code-515f.31","jurisdiction":"us-ia","citation":"Iowa Code § 515F.31","heading":"Purpose.","body":"The purposes of this subchapter include all of the following:\n1. To make basic property insurance available to qualified applicants with the least possible administrative detail and expense.\n2. To establish a plan, an industry placement facility, and a joint reinsurance association for the equitable distribution and placement of risks among insurers.\n3. To utilize fully the voluntary insurance market as a source of essential property insurance.\n4. To encourage the delivery of basic property insurance at the most reasonable cost possible, provided that insurance pricing by the FAIR plan is actuarially self-supporting and does not actively compete with insurance pricing in the voluntary insurance market.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 515F - CASUALTY INSURANCE","Subchapter III - FAIR ACCESS TO INSURANCE REQUIREMENTS PLAN"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/515F.31.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:13Z","sha256":"9c90a6797c8168ac0b96abe7c200dedd112e9d906f16b7a95b6b45a053bbde07","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-515f.30","next":"us-ia/iowa-code-515f.32"},"notice":"GroundRules: Original legal text. Not legal advice."}