A successful partnership promotes a common purpose. The mission of the Iowa FAIR Plan Association is to provide basic property insurance to qualified applicants who are not eligible for insurance in the voluntary insurance market. With the alliance of a local insurance agent, we can accomplish an essential community service. Please meet one of our valued partners, Ligouri And Associates Inc. in Des Moines, Iowa.
The Governing Committee of the Iowa FAIR Plan Association has issued an assessment for all member insurers for the calendar year 2018. Assessments are based on each member insurer’s proportionate share of the qualifying net direct written premium for all member insurers for the preceding calendar year. Invoices were mailed to members on October 25, 2018. If you need a current W-9, click here.
The Federal Urban Property Protection and Reinsurance Act of 1968 authorized the establishment of state-based FAIR (Fair Access to Insurance Requirements) Plans. The Iowa FAIR Plan Association was formed on October 25, 1968. Please join us for an open house as we celebrate our 50th Anniversary on Friday, October 19, 2018, from 1:00 PM– 3:00 PM.
The Governing Committee of the Iowa FAIR Plan Association (IFPA) has simplified the process for our member’s premium reporting (a.k.a Participation Report) effective in 2018. The IFPA will use the appropriate lines of coverage from the most current NAIC Schedule P. No additional action or reporting is required of our members. This change was made to reduce the administrative cost for the members as well as for the IFPA.
The Iowa FAIR Plan Association relies on diligent individuals to assist consumers in obtaining coverage. There may be many unusual and difficult situations where the producer must use their expertise and knowledge to succeed in this mission. As recognition, we would like to take the time to spotlight our producer partners. Let us begin, please meet: Hazell Agencies in Burlington, Iowa.
Iowa law requires that at the completion of thirty-six (36) months of coverage and prior to the completion of forty-eight (48) months of coverage every Iowa FAIR Plan Association policy shall be non-renewed. This process is to encourage a return to the voluntary market.
The Iowa FAIR Plan Association does not guarantee policy issue. Non-acceptable dwelling or commercial risks include any property that: is vacant or unoccupied or; has one or more open claim(s) or; has unrepaired damages from any previous claim(s) or; is noncompliant with local building codes and/or condemned. Additionally, properties are ineligible for the Homeowners 8 Program if there are unsafe conditions, including, but not limited to: