2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 518B - RIOT REINSURANCE PROGRAM
518B.5 - WARRANTS ISSUED -- OVERAGE FUND.

        518B.5  WARRANTS ISSUED -- OVERAGE FUND.
         The secretary shall be reimbursed up to the amount requested by
      warrants issued against the fund by the director of the department of
      administrative services upon vouchers approved by the director of the
      department of administrative services and the commissioner.  If the
      assessment produces a fund greater than the amount requested by the
      secretary, the overage shall be placed in a special fund in the
      office of the treasurer of state under the control of the
      commissioner and the director of the department of administrative
      services and shall be applied to any subsequent requests by the
      secretary for reimbursement of losses paid on lines of insurance
      reinsured by the secretary in this state in accordance with the Act.

         In the event that the provisions of this chapter and the
      assessments made thereunder are no longer needed in order to
      effectuate the program for which they were intended, the amounts
      remaining in the special fund shall inure to the general fund of the
      state.  

         Section History: Early Form

         [C71, 73, 75, 77, 79, 81, § 518B.5] 

         Section History: Recent Form

         2003 Acts, ch 145, §286