Group-News-hero-1920

News

Producer Profile – Ligouri and Associates Inc

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.

Read More

2018 Assessment of Members

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.

Read More

50th Anniversary Open House

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.

Read More

Authority of Producers

State law provides that any property and casualty insurance agent that is licensed by the Iowa Insurance Division can submit applications to the Iowa FAIR Plan Association. We do not appoint agents. We use the term “producer” to refer to our licensed non-appointed agents who assist consumers in applying for coverage through the Iowa FAIR Plan Association. Producers cannot:

Read More

2018 Member Premium / Participation Reporting

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.

Read More

Producer Profile – Hazell Agencies

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.

Read More

Four Year Non-Renewal

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.

Read More

Payment Options

New Business Full payment by check or money order with a new application or 25% plus $5 to use the quarterly payment plan. Payment Frequency Options Annual. 100% of the annual premium with no service fee. Quarterly. This plan requires 25% of the premium plus a $5 service fee for each payment. The Iowa FAIR Plan Association will direct bill a policyholder 30 days before each installment is due. Mortgagee Billing Options Mortgagees and/or additional insureds can be billed on renewals …

Payment Options Read More »

Read More

Eligibility

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:

Read More

Replacement Cost vs. Acutual Cash Value

Read More
Scroll to Top