2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 521F - RISK=BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS
521F.3 - RISK-BASED CAPITAL REPORTS.

        521F.3  RISK-BASED CAPITAL REPORTS.
         1.  A domestic health organization, on or prior to the filing
      date, shall prepare and submit to the commissioner a report of the
      health organization's risk-based capital levels as of the end of the
      calendar year immediately preceding the filing date, in a form and
      containing the information required by the risk-based capital
      instructions.  A domestic health organization shall also file its
      risk-based capital report with the insurance commissioner in each
      state in which the health organization is authorized to do business,
      if such insurance commissioner has notified the health organization
      of its request in writing.  Upon receipt of the written request, the
      health organization shall file its risk-based capital report with the
      requesting commissioner by no later than the later of the following:
         a.  Fifteen days from the receipt of the written request.
         b.  The filing date.
         2. a.  A health organization's risk-based capital shall be
      determined pursuant to the formula set forth in the risk-based
      capital instructions.  The formula shall take into account all of the
      following, and may be adjusted, as deemed appropriate by the
      commissioner, for the covariance between the following:
         (1)  Assets risk.
         (2)  Credit risk.
         (3)  Underwriting risk.
         (4)  All other business risks and other relevant risks as
      identified in the risk-based capital instructions.
         b.  The risk factors shall be applied in the manner set forth
      in the risk-based capital instructions.
         3.  A health organization shall seek to maintain capital above the
      risk-based capital levels required by this chapter.
         4.  A risk-based capital report filed by a domestic health
      organization which in the judgment of the commissioner is inaccurate
      shall be adjusted by the commissioner to correct the inaccuracy.  The
      commissioner shall notify the health organization of the adjustment.
      The notice shall contain a statement of the reason for the
      adjustment.  

         2000 Acts, ch 1050, §3; 2000 Acts, ch 1232, §79
         Referred to in § 521F.2