2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515A - WORKERS' COMPENSATION LIABILITY INSURANCE
515A.13 - RATE ADMINISTRATION.

        515A.13  RATE ADMINISTRATION.
         1.  The commissioner shall promulgate reasonable rules and
      statistical plans, reasonably adapted to each of the rating systems
      on file with the commissioner, which may be modified from time to
      time and which shall be used thereafter by each insurer in the
      recording and reporting of its loss and countrywide expense
      experience, in order that the experience of all insurers may be made
      available at least annually in such form and detail as may be
      necessary to aid the commissioner in determining whether rating
      systems comply with the standards set forth in section 515A.3.  Such
      rules and plans may also provide for the recording and reporting of
      expense experience items which are specially applicable to this state
      and are not susceptible of determination by a prorating of countywide
      expense experience.  In promulgating such rules and plans, the
      commissioner shall give due consideration to the rating systems on
      file and, in order that such rules and plans may be as uniform as is
      practicable among the several states, to the rules and to the form of
      the plans used for such rating systems in other states.  No insurer
      shall be required to record or report its loss experience on a
      classification basis that is inconsistent with the rating system
      filed by it.  The commissioner may designate one or more rating
      organizations or other agencies to assist in gathering such
      experience and making compilations thereof, and such compilations
      shall be made available, subject to reasonable rules promulgated by
      the commissioner, to insurers and rating organizations.
         2.  Reasonable rules and plans may be promulgated by the
      commissioner for the interchange of data necessary for the
      application of rating plans.
         3.  In order to further uniform administration of rate regulatory
      laws, the commissioner and every insurer and rating organization may
      exchange information and experience data with insurance supervisory
      officials, insurers, and rating organizations in other states and may
      consult with them with respect to rate making and the application of
      rating systems.
         4.  The commissioner may make reasonable rules necessary to effect
      the purposes of this chapter.
         5.  A person other than the commissioner or the commissioner's
      designee shall not release to another person, other than to the
      servicing insurer of the policy or to the commissioner or the
      commissioner's designee, experience, payroll, loss data, expiration
      date of a policy, or classification information without the prior
      written approval of the policyholder.  A violation of this section
      shall be considered an unfair trade practice pursuant to chapter
      507B.  

         Section History: Early Form

         [C50, 54, 58, 62, § 515A.13, 515B.13; C66, 71, 73, 75, 77, 79, 81,
      § 515A.13] 

         Section History: Recent Form

         94 Acts, ch 1176, §13; 2008 Acts, ch 1123, §38