2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 513B - SMALL GROUP HEALTH COVERAGE
513B.11 - NOTICE OF INTENT TO OPERATE AS A RISK-ASSUMING CARRIER OR REINSURING CARRIER.

        513B.11  NOTICE OF INTENT TO OPERATE AS A
      RISK-ASSUMING CARRIER OR REINSURING CARRIER.
         1. a.  Upon the approval of a plan of operation by the
      commissioner under section 513B.13, subsection 4, a small employer
      carrier authorized to transact the business of insurance in this
      state shall notify the commissioner of the carrier's intention to
      operate as a risk-assuming carrier or a reinsuring carrier.  The
      notification shall be made as deemed appropriate by the commissioner.
      A small employer carrier seeking to operate as a risk-assuming
      carrier shall make an application pursuant to section 513B.12.
         b.  The notification of the commissioner concerning the
      carrier's intention pursuant to paragraph "a" is binding for a
      five-year period from the date notification is given, except that the
      initial notification given by carriers after July 1, 1992, is binding
      for a two-year period.  The commissioner may permit a carrier to
      modify the carrier's decision at any time for good cause.
         c.  The commissioner shall establish an application process
      for small employer carriers seeking to change their status pursuant
      to this subsection.  If a small employer carrier has been acquired by
      another such carrier, the commissioner may waive or modify the time
      periods established in paragraph "b".
         2.  A reinsuring carrier that applies and is approved to operate
      as a risk-assuming carrier shall not be permitted to continue to
      reinsure any health insurance coverage with the program.  The carrier
      shall pay a prorated assessment based upon business issued as a
      reinsuring carrier for any portion of the year that the business was
      reinsured.  

         92 Acts, ch 1167, § 12; 93 Acts, ch 80, § 10; 97 Acts, ch 103, §25