2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 521F - RISK=BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS
521F.11 - FOREIGN HEALTH ORGANIZATIONS.

        521F.11  FOREIGN HEALTH ORGANIZATIONS.
         1.  A foreign health organization, upon the written request of the
      commissioner, shall submit to the commissioner a risk-based capital
      report for the previous calendar year just ended by the later of the
      following:
         a.  The filing date.
         b.  Fifteen days after the request is received by the foreign
      health organization.
         2.  A foreign health organization, upon the written request of the
      commissioner, shall promptly submit to the commissioner a copy of any
      risk-based capital plan that is filed with the insurance commissioner
      of any other state.
         3.  The commissioner may require a foreign health organization to
      file a risk-based capital plan under either of the following
      circumstances:
         a.  In the event of a company-action-level event,
      regulatory-action-level event, or authorized-control-level event as
      determined under the risk-based capital statute applicable in the
      state of domicile of the foreign health organization, or, if no
      risk-based capital statute is in force in that state, under this
      chapter.
         b.  The insurance commissioner of the state of domicile of the
      foreign health organization fails to require the foreign health
      organization to file a risk-based capital plan in the manner
      specified under that state's risk-based capital statute, or, if no
      risk-based capital statute is in force in that state, pursuant to
      this chapter.
         4.  The failure of the foreign health organization to file a
      risk-based capital plan is sufficient grounds to order the health
      organization to cease and desist from writing new insurance business
      in this state.
         5.  In the event of a mandatory-control-level event with respect
      to a foreign health organization, if a domiciliary receiver has not
      been appointed with respect to the foreign health organization under
      the rehabilitation and liquidation statute applicable in the state of
      domicile of the foreign health organization, the commissioner may
      make application to the district court as permitted under chapter
      507C with respect to the liquidation of property of foreign health
      organizations found in this state, and the occurrence of the
      mandatory-control-level event shall be considered adequate grounds
      for the application.  

         2000 Acts, ch 1050, §11