In addition to the definitions in Iowa Code sections
514F.2 and
515F.32 and rule
191-20.1 (505,509,514A,515,515A,515F), the following definitions apply:
"Location" means a single building and its
contents, or contiguous buildings and their contents, under one
ownership.
"Manufacturing risks" means those risks
eligible to be written under the customary manufacturing business interruption
policy forms approved by the commissioner. The following are not considered
manufacturing risks:
1. Dry cleaning
and laundering-Carpet, rug, furniture, or upholstery cleaning; diaper service
or infants' apparel laundries; dry cleaning; laundries; linen supply.
2. Installation, servicing and
repair-Electrical equipment; electronic equipment; glazing; household
furnishings and appliances; office machines; plumbing, heating and air
conditioning; protective systems for premises, vaults and safes.
3. Laboratories-Blood banks; dental
laboratories; medical or X-ray laboratories.
4. Duplicating or similar
services-Blueprinting and photocopying services; bookbinding; electrotyping;
engraving; letter service (mailing or addressing companies); linotype or hand
composition; lithographing; photo engraving; photo finishing; photographers
(commercial).
5. Warehousing-Cold
storage (locker establishments); cold storage warehouse; furniture or general
merchandise warehouse.
6.
Miscellaneous-Barber shops; beauty parlors; cemeteries; dog kennels;
electroplating; equipment rental (not contractors' equipment); film and tape
rental; funeral directors; galvanizing, tinning, and detinning; radio
broadcasting, commercial wireless and television broadcasting; taxidermists;
telephone or telegraph companies; textiles (bleaching, dyeing, mercerizing or
finishing of property of others); veterinarians and veterinary
hospitals.
"Motor vehicles" means vehicles that are
self-propelled.
"Weighted premiums written" means:
1. Gross direct premiums less return
premiums, dividends paid or credited to policyholders, or the unused or
unabsorbed portions of premium deposits, with respect to property in this state
excluding premiums on risks insured under the Iowa FAIR Plan association, for
basic property insurance, for homeowners multiple peril policies, for farm
dwelling policies and for the basic property insurance premium components of
all other multiple peril policies.
2. In addition, 100 percent of the premiums
obtained for homeowners multiple peril policies shall be added to 100 percent
of the premiums obtained for basic property insurance and the basic property
insurance premium components of all other multiple peril policies. The basic
year for the computation shall be the first preceding calendar
year.
