2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 510 - MANAGING GENERAL AGENTS AND THIRD=PARTY ADMINISTRATORS
510.22 - WAIVING OF REQUIREMENTS.

        510.22  WAIVING OF REQUIREMENTS.
         The commissioner may waive the requirements of section 510.21 for
      any person or class of persons.  The factors taken into account in
      granting a waiver shall include, but are not limited to whether:
         1.  The person acting as a third-party administrator is primarily
      in a business other than that of a third-party administrator.
         2.  The financial strength and history of the organization
      indicates stability in its continuity of doing business.
         3.  The regular duties being performed as a third-party
      administrator are such that the covered persons are not likely to be
      injured by a waiver of such requirements.  

         89 Acts, ch 227, § 15; 2006 Acts, ch 1117, §48