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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 514B - HEALTH MAINTENANCE ORGANIZATIONS
514B.16 - PROTECTION AGAINST INSOLVENCY.

        514B.16  PROTECTION AGAINST INSOLVENCY.
         A health maintenance organization shall furnish a surety bond in
      an amount satisfactory to the commissioner, or deposit with the
      commissioner cash or securities acceptable to the commissioner in at
      least the same amount, as a guarantee that its obligations to
      enrollees will be performed.  The commissioner may waive this
      requirement when satisfied that the assets of the organization or its
      contracts with other organizations are sufficient to reasonably
      assure the performance of its obligations.
         Section History: Early Form
         [C75, 77, 79, 81, § 514B.16]
         Referred to in § 514B.5

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