2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515A - WORKERS' COMPENSATION LIABILITY INSURANCE
515A.17 - PENALTIES.

        515A.17  PENALTIES.
         1.  The commissioner may, if the commissioner finds that any
      person or organization has violated any provision of this chapter,
      impose a penalty of not more than one thousand dollars for each such
      violation, but if the commissioner finds such violation to be willful
      the commissioner may impose a penalty of not more than five thousand
      dollars for each such violation.  Such penalties may be in addition
      to any other penalty provided by law.  A penalty collected under this
      subsection shall be deposited as provided in section 505.7.
         2.  The commissioner may suspend the license of any rating
      organization or insurer which fails to comply with an order of the
      commissioner within the time limited by such order, or any extension
      thereof which the commissioner may grant.  The commissioner shall not
      suspend the license of any rating organization or insurer for failure
      to comply with an order until the time prescribed for an appeal
      therefrom has expired or if an appeal has been taken, until such
      order has been affirmed.  The commissioner may determine when a
      suspension of license shall become effective and it shall remain in
      effect for the period fixed by the commissioner, unless the
      commissioner modifies or rescinds such suspension, or until the order
      upon which such suspension is based is modified, rescinded, or
      reversed.
         3.  A penalty shall not be imposed and a license shall not be
      suspended or revoked except upon a written order of the commissioner,
      stating the commissioner's findings, made after a hearing held upon
      not less than ten days' written notice to such person or organization
      specifying the alleged violation.  

         Section History: Early Form

         [C50, 54, 58, 62, § 515A.17, 515B.16; C66, 71, 73, 75, 77, 79, 81,
      § 515A.17] 

         Section History: Recent Form

         2008 Acts, ch 1123, §39; 2009 Acts, ch 181, §80
         Referred to in § 515A.11, 515A.14 

         Footnotes

         For future repeal of 2009 amendment to subsection 1, effective
      July 1, 2011, see 2009 Acts, ch 179, §146