2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY
508D.3 - DEFINITIONS.

        508D.3  DEFINITIONS.
         As used in this chapter, unless the context otherwise requires:
         1.  "Facility" means the multistate life and health insurance
      resolution facility created pursuant to section 508D.4 as a legal
      entity domiciled in Iowa with its principal place of business and
      other business offices either within or without the state of Iowa as
      the board of directors may designate or as the business of the entity
      may require and established for the purpose set out in section
      508D.2.
         2.  "Member guaranty association" means the Iowa life and
      health insurance guaranty association created pursuant to chapter
      508C or any other state life and health insurance guaranty
      association which is or becomes a member of the facility pursuant to
      the plan of operation.
         3.  "Oversight organization" means the Iowa commissioner of
      insurance and the state insurance commissioner, or other state
      official charged with the responsibility of regulating the insurance
      industry in the same or similar manner as the Iowa commissioner of
      insurance, from the state of domicile of each member guaranty
      association.  
         Section History: Recent Form
         94 Acts, ch 1011, §3

Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.