Title XIII, COMMERCE (Ch. 505 - 554I)

The commissioner shall annually cause the preparation and printing of a report to be delivered to the governor. The report shall contain information from the statements required of insurance companies, other than life insurance companies, organized or doing business in the state.…

When by the laws of any other state a premium or income or other taxes, or fees, fines, penalties, licenses, deposit requirements or other obligations, prohibitions or restrictions are imposed upon Iowa insurance companies actually doing business in the other state, or upon the a…

1. The commissioner may appoint a staff of actuaries as necessary to carry out the duties of the division. The actuarial staff shall do all of the following: a. Perform analyses of rate filings. b. Perform audits of submitted loss data. c. Conduct rate hearings and serve as exper…

1. A person engaged in the business of insurance shall not require a test of an individual in connection with an application for insurance for the presence of an antibody to the human immunodeficiency virus unless the individual provides a written release on a form approved by th…

1. a. Information, records, and documents utilized for the purpose of, or in the course of, investigation, regulation, or examination of an insurance company, an insurance holding company, an individual insurance producer, or a business entity producer received by the division fr…

1. Consumers deserve to know the quality and cost of their health care insurance. Health care insurance transparency provides consumers with the information necessary, and the incentive, to choose health plans based on cost and quality. Reliable cost and quality information about…

1. The commissioner of insurance may develop by rule a state innovation waiver pursuant to section 1332 of the federal Patient Protection and Affordable Care Act , Pub. L. No. 111-148 . 2. The commissioner of insurance may submit an application on behalf of the state to the Unite…

1. All health insurance carriers licensed to do business in the state shall immediately notify policyholders of any application for a rate increase exceeding the average annual health spending growth rate stated in the most recent national health expenditure projection published …

1. The governor shall appoint subject to confirmation by the senate, a commissioner of insurance, who shall be selected solely with regard to qualifications and fitness to discharge the duties of this position, devote the entire time to such duties, and serve for four years begin…

1. A health benefit plan, sponsored by a nonprofit agricultural organization domiciled in this state and created primarily to promote programs for the development of rural communities and the economic stability and sustainability of farmers in the state which meets the requiremen…

1. The commissioner shall adopt rules establishing a requirement that an employer provide access to health care to the employees of the employer. The rules shall provide that an employer doing business within this state shall offer each employee, at a minimum, access to health in…

A religious organization which, through its publication to subscribers, solicits funds for the payment of medical expenses of other subscribers, shall not be considered to be engaging in the business of insurance for purposes of this chapter or any other provision of this title, …

If an evidentiary hearing is conducted in a proceeding pursuant to section 508B.7 , 515G.7 , 521A.3 , or 521A.14 , or in a proceeding with respect to a merger or consolidation pursuant to chapter 521 , the proceeding is a contested case subject to chapter 17A . 2000 Acts, ch 1023…

1. For purposes of this section , unless the context otherwise requires, “consumer reporting agency” means any person that for monetary fees, dues, or on a cooperative nonprofit basis regularly engages in whole or in part in the practice of assembling or evaluating consumer credi…

A carrier, as defined in section 514C.13 , shall enter into a health insurance data match program with the department of health and human services for the sole purpose of comparing the names of the carrier’s insureds with the names of recipients of the medical assistance program …

1. As used in this section: a. “Facility” , “health benefit plan” , “health care professional” , “health care provider” , “health care services” , and “health carrier” mean the same as defined in section 514J.102 . b. “Pharmacy benefits manager” means the same as defined in secti…

1. An insurer providing medical malpractice insurance coverage to Iowa health care providers shall file annually on or before June 1 with the commissioner a report of all medical malpractice insurance claims, both open claims and closed claims filed during the reporting period, a…

Notwithstanding any other provision of this title, the commissioner of insurance shall have the authority to adopt such rules related to the sale of life insurance, other than the servicemembers’ group life insurance program under 38 U.S.C. pt. II, ch. 19, subch. III, as may be n…

A person committing any act governed by chapter 502 , 502A , this chapter , chapters 505A through 523G , or 523I constitutes consent by that person to the jurisdiction of the commissioner of insurance and the district courts of this state. 2006 Acts, ch 1117, §16 ; 2011 Acts, ch …

The commissioner of insurance shall have the authority to appoint as a hearing officer a designee or an independent administrative law judge. Duties of a hearing officer shall include hearing contested cases arising from conduct governed by chapters 502 , 502A , this chapter , ch…

Vacancies shall be filled as regular appointments are made for the unexpired portion of the regular term. [S13, §1683-r; C24, 27, 31, 35, 39, § 8607; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §505.3 ]

1. The commissioner may adopt rules pursuant to chapter 17A setting forth procedures related to service of process made on the commissioner as agent or attorney for service of process for an individual or entity within the jurisdiction of the commissioner. The rules shall apply w…

The commissioner of insurance shall assist employers with twenty-five or fewer employees with implementing and administering plans under section 125 of the Internal Revenue Code, including medical expense reimbursement accounts and dependent care accounts. The commissioner shall …

The division shall biennially conduct an evaluation concerning minimum coverage requirements of dramshop liability insurance. In conducting the evaluation, the division shall include a comparison of other states’ minimum dramshop liability insurance coverage and any other relevan…

1. The medical assistance program under chapter 249A and the healthy and well kids in Iowa (Hawki) program under chapter 514I shall not be subject to this subtitle unless otherwise provided by law. 2. A managed care organization acting pursuant to a contract with the department o…

Rules adopted by the commissioner pursuant to chapter 17A that adopt a standard by reference to another publication or portion thereof are exempt from the requirements of section 17A.6, subsection 5 , with respect to the following: 1. Professional standards of practice and member…

1. The commissioner of insurance shall appoint a first and second deputy commissioner and such other clerks and assistants as shall be needed to assist the commissioner in the performance of the commissioner’s duty, all of whom shall serve during the pleasure of the commissioner.…

The commissioner shall be entitled to reimbursement of actual necessary expenses in attending meetings of insurance commissioners of other states, and in the performance of the duties of the office. [S13, §1683-r2; C24, 27, 31, 35, 39, § 8610; C46, 50, 54, 58, 62, 66, 71, 73, 75,…

All books, records, files, documents, reports, and securities, and all papers of every kind and character relating to the business of insurance shall be delivered to, and filed or deposited with, the said commissioner of insurance. [S13, §1683-r4; C24, 27, 31, 35, 39, § 8611; C46…

1. All fees and charges which are required by law to be paid by insurance companies, associations, and other regulated entities shall be payable to the commissioner of the insurance division of the department of insurance and financial services or department of revenue, as provid…

Unless specifically provided for in this subtitle, penalties imposed under this subtitle by order of the commissioner of insurance after hearing shall not exceed one thousand dollars for each act or violation of this subtitle, up to an aggregate of ten thousand dollars, unless th…

1. The commissioner of insurance shall be the head of the division, and shall have general control, supervision, and direction over all insurance business transacted in the state, and shall enforce all the laws of the state relating to federal and state insurance business transac…

The commissioner of insurance henceforth shall be the receiver and liquidating officer for any insurance company, association, or insurance carrier, and shall serve without compensation other than the stated compensation as commissioner of insurance, but the commissioner shall be…

The interstate insurance product regulation compact is hereby entered into and enacted into law with all jurisdictions legally joining therein, in the form substantially as follows: 1. Article I — Purposes. The purposes of this compact are, through means of joint and cooperative …

1. As used in this chapter , unless the context otherwise requires: a. “Delivered by electronic means” , “deliver by electronic means” , or “delivery by electronic means” means any of the following: (1) Delivery to an electronic mail address at which a party has consented to rece…

1. Notwithstanding any contrary provision of chapter 554D , an insurer may mail, deliver, or post on the insurer’s internet site insurance documents, including policies, riders, endorsements, and annuity contracts that do not contain personally identifiable information. If the in…

The provisions of this chapter shall apply to the insurance products and documents, including insurance policies, insurance riders, insurance endorsements, and annuity contracts filed with and regulated by the commissioner of insurance under the authority provided to the commissi…

The commissioner of insurance shall promulgate such reasonable rules and regulations as the commissioner deems necessary to assure the proper operation of newly organized insurance companies but in no event shall the commissioner: 1. Require that more than twenty percent of the o…

1. No insurance company shall issue in this state, or permit its agents, officers, or employees to issue in this state its own stock, agency company stock or other stock or securities, or any special or advisory board or other contract of any kind promising returns and profits as…

Nothing contained in this chapter shall be construed to exempt any corporation from the requirements of chapter 502 . [C66, 71, 73, 75, 77, 79, 81, §506.11 ]

An insurance company incorporated under the laws of this state for the purpose of engaging in the business of insurance shall maintain a principal executive office in this state unless otherwise allowed by the commissioner of insurance. The location of the principal executive off…

Within thirty days after a quarterly or annual statement of an insurance company domiciled in this state first names an individual as an officer or director of the company on the jurat page of the quarterly or annual statement, the new officer or director shall file a biographica…

1. Any plan for voluntary dissolution of a domestic mutual insurance company licensed to transact the business of insurance under chapter 508 , 515 , 518 , or 518A shall be presented for approval by the commissioner not less than ninety days in advance of notice of the plan to po…

Neither the securities in a domestic insurance company, nor securities in a holding company, one of the purposes of which is to organize, purchase, or otherwise acquire control of a domestic insurance company, nor membership in an association in process of organization shall be s…

Before the commissioner of insurance shall issue such certificate of compliance, the commissioner shall first be satisfied with the general plan of such organization and the character of the advertising to be used; the commissioner shall also see that all rules and regulations pr…

The maximum promotion expense which may be incurred shall in no case exceed fifteen percent of the sale price of said stock, and no portion of such amount shall be used in the payment of salaries for officers and directors before the issuance, by the commissioner of insurance, of…