General Information:

  1. Iowa maintains a list of eligible surplus lines insurers (see Other Comments section #1).
  2. Iowa does not have a Surplus Lines Association.
  3. Iowa does not have an Export list.
  4. Iowa does not have an industrial insured exemption but recognizes the NRRA exempt commercial purchaser exemption as of 7/21/2011, although it is not yet codified.
  5. Surplus lines tax: 1%, payable by soliciting agent.
  6. Iowa has not affiliated with any existing compact. On a multi-state risk when Iowa is not the home state, Iowa will not collect any premium tax. On a multi-state risk where Iowa is the home state, Iowa will collect 100% of the premium tax of 1%.

Eligibility and Filing Requirements (All Insurers):

  1. Annual Statement/Report: in U.S. dollars.
  2. List of Agents used in State: (preferred).
  3. Service of process information.

Eligibility and Filing Requirements (Alien Insurers Only):

  1. Trust Fund: follows NAIC requirements (see Appendix E).
  2. Capital and Surplus: follows NAIC requirements (see Appendix E).
  3. The State’s statutory eligibility requirements are not applicable to alien insurers listed with the NAIC.

Eligibility and Filing Requirements (Foreign Insurers Only):

  1. NAIC UCAA Expansion Application, available through the Department’s website,, or through the NAIC website,
  2. Remittance of the greater of a $100 filing fee or a retaliatory fee, and a $500 examination fee for all new applicants.
  3. Maintain the greater of either minimum capital and surplus of $15,000,000 or risk-based capital pursuant to Iowa Code Chapter 521E (see Other Comments Section #2).
  4. For renewal: $100 renewal fee, quarterly signed jurat, and submission of other documents and materials listed on the Department’s website,

Types of Insurance Exempted from Surplus Lines Regulation:

Insurance on vessels, craft or hulls, cargoes, marine builder’s risks, marine protection and indemnity or other risks including strikes and war risks commonly insured under ocean marine or wet marine forms of policies.

Other Comments or Requirements:

  1. Iowa eligibility list available at (Check Surplus Lines Companies and Click Submit).
  2. A producer who places coverage with a qualified surplus lines carrier must deliver to the insured, within 30 days of the date the policy is issued, a notice that states the following:
    “This policy is issued, pursuant to Iowa Code section 515.120, by a nonadmitted company in Iowa and as such is not covered by the Iowa Insurance Guaranty Association.”
    A producer may comply with this rule by typing or stamping a verbatim copy of this language in a clear and conspicuous place on the policy.
  3. Effective October 1, 2015, the Iowa Insurance Division implemented OPTins as the new tax filing system. The previous way of mailing the Report and Receipt for Payment of Taxes with your check payment is no longer accepted. The Iowa Insurance Division Surplus Lines Premium Tax Reporting System has been disabled and is no longer available for use.
    Using OPTins allows you to save time and ensure that both the forms and payment are received together and on time. To implement OPTins, contact the OPTins Marketing Team at or call (816) 783-8787. Setup of a new account takes 7-10 business days. If you already use OPTins, you do not have to contact OPTins Marketing but may enter your Iowa License Number within OPTins. Questions or concerns on how to use the OPTins system for the filling of Iowa surplus lines taxes may be directed to OPTins Help Desk Customer Service at 816-783-8990.
    The policy filings may be entered into OPTins at any time throughout the year by downloading the appropriate spreadsheet and saving it to your computer. Remittance of premium taxes due is ONLY accepted between the months of January 1 to March 1 of the year following when the business was written. To avoid penalties, premium taxes due MUST BE received electronically through OPTins by the Insurance Division no later than March 15 which includes a 15-day grace period.
    For more information on filing surplus lines taxes and to find the appropriate forms, follow this link: or go to, click on Iowa.
  4. In 2009, Iowa adopted ADC 191-21 1-9 implementing electronic filing for surplus lines brokers and eliminating the “zero” reports.