2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 517 - EMPLOYERS LIABILITY INSURANCE
517.1 - RESERVE REQUIRED.

        517.1  RESERVE REQUIRED.
         Every corporation, association, company, or reciprocal exchange
      writing any of the several classes of insurance authorized by
      paragraph "d" of subsection 5 of section 515.48 shall maintain
      reserves for outstanding losses under insurance against loss or
      damage from accident to or injuries suffered by an employee or other
      person and for which the insured is liable computed as follows:
         1.  For all liability suits being defended under policies written
      more than:
         a.  Ten years prior to the date as of which the statement is
      made, one thousand five hundred dollars for each suit.
         b.  Five and less than ten years prior to the date as of which
      the statement is made, one thousand dollars for each suit.
         c.  Three and less than five years prior to the date as of
      which the statement is made, eight hundred fifty dollars for each
      suit.
         2.  For all liability policies written during the three years
      immediately preceding the date as of which the statement is made,
      such reserve shall be sixty percent of the earned liability premiums
      of each of such three years less all loss and loss expense payments
      made under liability policies written in the corresponding years; but
      in any event, such reserve shall, for the first of such three years,
      be not less than seven hundred fifty dollars for each outstanding
      liability suit on said year's policies.
         3.  For all compensation claims under policies written more than
      three years prior to the date as of which the statement is made, the
      present values at four percent interest of the determined and the
      estimated future payments.
         4.  For all compensation claims under policies written in the
      three years immediately preceding the date as of which the statement
      is made, such reserve shall be sixty-five percent of the earned
      compensation premiums of each of such three years, less all loss and
      loss expense payments in connection with such claims under policies
      written in the corresponding years; but in any event, in the case of
      the first year of any of such three-year period such reserve shall be
      not less than the present value at four percent interest of the
      determined and the estimated unpaid compensation claims under
      policies written during such year.  

         [C24, 27, 31, 35, 39, § 9025; C46, 50, 54, 58, 62, 66, 71, 73,
      75, 77, 79, 81, § 517.1]