2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 514B - HEALTH MAINTENANCE ORGANIZATIONS
514B.12 - ANNUAL REPORT.

        514B.12  ANNUAL REPORT.
         1.  A health maintenance organization shall annually on or before
      the first day of March file with the commissioner or a depository
      designated by the commissioner a report verified by at least two of
      the principal officers of the health maintenance organization and
      covering the preceding calendar year.  The report shall be on forms
      prescribed by the commissioner and shall include:
         a.  Financial statements of the organization including a
      balance sheet as of the end of the preceding calendar year and
      statement of profit and loss for the year then ended, certified by a
      certified public accountant or an independent public accountant.
         b.  Any material changes in the information submitted pursuant
      to section 514B.3.
         c.  The number of persons enrolled during the year, the number
      of enrollees as of the end of the year and the number of enrollments
      terminated during the year.
         d.  Other information relating to the performance of the
      health maintenance organization as is necessary to enable the
      commissioner to carry out the commissioner's duties under this
      chapter.
         2.  The commissioner shall refuse to renew a certificate of
      authority of a health maintenance organization that fails to comply
      with the provisions of this section and the organization's right to
      transact new business in this state shall immediately cease until the
      organization has so complied.
         3.  A health maintenance organization that fails to timely file
      the report required under subsection 1 is in violation of this
      section and shall pay an administrative penalty of five hundred
      dollars to the treasurer of state for deposit as provided in section
      505.7.
         4.  The commissioner may give notice to a health maintenance
      organization that the organization has not timely filed the report
      required under subsection 1 and is in violation of this section.  If
      the organization fails to file the required report and comply with
      this section within ten days of the date of the notice, the
      organization shall pay an additional administrative penalty of one
      hundred dollars for each day that the failure continues to the
      treasurer of state for deposit as provided in section 505.7.  

         Section History: Early Form

         [C75, 77, 79, 81, § 514B.12] 

         Section History: Recent Form

         92 Acts, ch 1162, § 25; 2003 Acts, ch 91, §29; 2004 Acts, ch 1101,
      §73; 2006 Acts, ch 1117, §59; 2009 Acts, ch 181, §74
         Referred to in § 514B.33 

         Footnotes

         For future repeal of 2009 amendments to subsections 3 and 4,
      effective July 1, 2011, see 2009 Acts, ch 179, §146