2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 517 - EMPLOYERS LIABILITY INSURANCE
517.3 - DISTRIBUTION OF UNALLOCATED PAYMENTS.

        517.3  DISTRIBUTION OF UNALLOCATED PAYMENTS.
         All unallocated liability loss expense payments made in a given
      calendar year subsequent to the first four years in which an insurer
      has been issuing liability policies shall be distributed as follows:
      Thirty-five percent shall be charged to the policies written in that
      year, forty percent to the policies written in the preceding year,
      ten percent to the policies written in the second year preceding, ten
      percent to the policies written in the third year preceding, and five
      percent to the policies written in the fourth year preceding, and
      such payments made in each of the first four calendar years in which
      an insurer issues liability policies shall be distributed as follows:
      In the first calendar year one hundred percent shall be charged to
      the policies written in that year, in the second calendar year fifty
      percent shall be charged to the policies written in that year and
      fifty percent to the policies written in the preceding year, in the
      third calendar year forty percent shall be charged to the policies
      written in that year, forty percent to the policies written in the
      preceding year, and twenty percent to the policies written in the
      second year preceding, and in the fourth calendar year thirty-five
      percent shall be charged to the policies written in that year, forty
      percent to the policies written in the preceding year, fifteen
      percent to the policies written in the second year preceding, and ten
      percent to the policies written in the third year preceding, and a
      schedule showing such distribution shall be included in the annual
      statement.
         All unallocated compensation loss expense payments made in a given
      calendar year subsequent to the first three years in which an insurer
      has been issuing compensation policies shall be distributed as
      follows:
         Forty percent shall be charged to the policies written in that
      year, forty-five percent to the policies written in the preceding
      year, ten percent to the policies written in the second year
      preceding and five percent to the policies written in the third year
      preceding, and such payments made in each of the first three calendar
      years in which an insurer issues compensation policies shall be
      distributed as follows:  In the first calendar year one hundred
      percent shall be charged to the policies written in that year, in the
      second calendar year fifty percent shall be charged to the policies
      written in that year and fifty percent to the policies written in the
      preceding year, in the third calendar year forty-five percent shall
      be charged to the policies written in that year, forty-five percent
      to the policies written in the preceding year and ten percent to the
      policies written in the second year preceding, and a schedule showing
      such distribution shall be included in the annual statement.
         Whenever, in the judgment of the commissioner of insurance, the
      liability or compensation loss reserves of any insurer under the
      commissioner's supervision, calculated in accordance with the
      foregoing provisions, are inadequate, the commissioner may, in the
      commissioner's discretion, require such insurer to maintain
      additional reserves based upon estimated individual claims or
      otherwise.  

         [C24, 27, 31, 35, 39, § 9027; C46, 50, 54, 58, 62, 66, 71, 73,
      75, 77, 79, 81, § 517.3]