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Home » US Law » 2022 Iowa Code » Title XIII - COMMERCE » Chapter 505 - INSURANCE DIVISION

Section 505.27 – Medical malpractice insurance — annual claims reports required.

505.27 Medical malpractice insurance — annual claims reports required. 1. An insurer providing medical malpractice insurance coverage to Iowa health care providers shall file annually on or before June 1 with the commissioner a report of all medical malpractice insurance claims, both open claims and closed claims filed during the reporting period, against any such […]

Section 505.27A – Sale of life insurance to military personnel.

505.27A Sale of life insurance to military personnel. Notwithstanding any other provision of this title, the commissioner of insurance shall have the authority to adopt such rules related to the sale of life insurance, other than the servicemembers’ group life insurance program under 38 U.S.C. pt. II, ch. 19, subch. III, as may be necessary […]

Section 505.28 – Consent to jurisdiction.

505.28 Consent to jurisdiction. A person committing any act governed by chapter 502, 502A, this chapter, chapters 505A through 523G, or 523I constitutes consent by that person to the jurisdiction of the commissioner of insurance and the district courts of this state. 2006 Acts, ch 1117, §16; 2011 Acts, ch 25, §61

Section 505.29 – Administrative hearings — authority to appoint hearing officer.

505.29 Administrative hearings — authority to appoint hearing officer. The commissioner of insurance shall have the authority to appoint as a hearing officer a designee or an independent administrative law judge. Duties of a hearing officer shall include hearing contested cases arising from conduct governed by chapters 502, 502A, this chapter, chapters 505A through 523G, […]

Section 505.3 – Vacancies.

505.3 Vacancies. Vacancies shall be filled as regular appointments are made for the unexpired portion of the regular term. [S13, §1683-r; C24, 27, 31, 35, 39, §8607; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §505.3]

Section 505.31 – Reimbursement accounts — assistance to small employers.

505.31 Reimbursement accounts — assistance to small employers. The commissioner of insurance shall assist employers with twenty-five or fewer employees with implementing and administering plans under section 125 of the Internal Revenue Code, including medical expense reimbursement accounts and dependent care accounts. The commissioner shall provide information about the assistance available to small employers on […]

Section 505.33 – Dramshop liability insurance evaluation.

505.33 Dramshop liability insurance evaluation. The division shall biennially conduct an evaluation concerning minimum coverage requirements of dramshop liability insurance. In conducting the evaluation, the division shall include a comparison of other states’ minimum dramshop liability insurance coverage and any other relevant issues the division identifies. By January 31, 2019, and every two years thereafter, […]

Section 505.4 – Deputy — assistants — bond.

505.4 Deputy — assistants — bond. 1. The commissioner of insurance shall appoint a first and second deputy commissioner and such other clerks and assistants as shall be needed to assist the commissioner in the performance of the commissioner’s duty, all of whom shall serve during the pleasure of the commissioner. Before entering upon the […]

Section 505.5 – Expenses — salary.

505.5 Expenses — salary. The commissioner shall be entitled to reimbursement of actual necessary expenses in attending meetings of insurance commissioners of other states, and in the performance of the duties of the office. The commissioner’s salary shall be as fixed by the general assembly. [S13, §1683-r2; C24, 27, 31, 35, 39, §8610; C46, 50, […]

Section 505.6 – Documents and records.

505.6 Documents and records. All books, records, files, documents, reports, and securities, and all papers of every kind and character relating to the business of insurance shall be delivered to, and filed or deposited with, the said commissioner of insurance. [S13, §1683-r4; C24, 27, 31, 35, 39, §8611; C46, 50, 54, 58, 62, 66, 71, […]

Section 505.7 – Fees — expenses of division — assessments.

505.7 Fees — expenses of division — assessments. 1. All fees and charges which are required by law to be paid by insurance companies, associations, and other regulated entities shall be payable to the commissioner of the insurance division of the department of commerce or department of revenue, as provided by law, whose duty it […]

Section 505.7A – Civil penalties.

505.7A Civil penalties. Unless specifically provided for in this subtitle, penalties imposed under this subtitle by order of the commissioner of insurance after hearing shall not exceed one thousand dollars for each act or violation of this subtitle, up to an aggregate of ten thousand dollars, unless the person knew or reasonably should have known […]

Section 505.9 – Ex officio receiver.

505.9 Ex officio receiver. The commissioner of insurance henceforth shall be the receiver and liquidating officer for any insurance company, association, or insurance carrier, and shall serve without compensation other than the stated compensation as commissioner of insurance, but the commissioner shall be allowed clerical and other expenses necessary for the conduct of such receivership. […]