505.15 Actuarial, professional, and specialist staff.
1. The commissioner may appoint a staff of actuaries as necessary to carry out the duties of the division. The actuarial staff shall do all of the following:
a. Perform analyses of rate filings.
b. Perform audits of submitted loss data.
c. Conduct rate hearings and serve as expert witnesses.
d. Prepare, review, and dispense data on the insurance business.
e. Assist in public education concerning the insurance business.
f. Identify any impending problem areas in the insurance business.
g. Assist in examinations of insurance companies.
2. The commissioner may retain, or the commissioner’s designee may request that the commissioner retain, attorneys, appraisers, independent actuaries, independent certified public accountants, or other professionals or specialists to assist the division or the consumer advocate bureau in carrying out its duties in regard to rate filing reviews. The reasonable cost of retaining such professionals and specialists shall be borne by the insurer which is the subject of the rate filing review.
87 Acts, ch 132, §2; 2008 Acts, ch 1123, §10; 2009 Acts, ch 145, §4
Referred to in §505.8
Structure Iowa Code
Chapter 505 - INSURANCE DIVISION
Section 505.1 - Insurance division created.
Section 505.2 - Appointment and term of commissioner.
Section 505.4 - Deputy — assistants — bond.
Section 505.5 - Expenses — salary.
Section 505.6 - Documents and records.
Section 505.7 - Fees — expenses of division — assessments.
Section 505.7A - Civil penalties.
Section 505.8 - Commissioner’s general powers and duties — consumer advocate bureau established.
Section 505.9 - Ex officio receiver.
Section 505.10 - Expenses attending liquidation.
Section 505.12 - Life insurance — annual report.
Section 505.13 - Other insurance — annual report by the division.
Section 505.14 - Foreign insurers — reciprocal provisions.
Section 505.15 - Actuarial, professional, and specialist staff.
Section 505.16 - Applications for insurance — human immunodeficiency virus tests — restrictions.
Section 505.17 - Confidential information.
Section 505.18 - Health care insurance quality and costs — annual report.
Section 505.18A - State innovation waivers.
Section 505.19 - Health insurance rate increase applications — public hearing and comment.
Section 505.20 - Certain agricultural organizations exempt from regulation.
Section 505.21 - Health care access — duties of commissioner — penalties.
Section 505.22 - Certain religious organization activities exempt from regulation.
Section 505.24 - Sale of policy term information by consumer reporting agency.
Section 505.27 - Medical malpractice insurance — annual claims reports required.
Section 505.27A - Sale of life insurance to military personnel.
Section 505.28 - Consent to jurisdiction.
Section 505.29 - Administrative hearings — authority to appoint hearing officer.
Section 505.31 - Reimbursement accounts — assistance to small employers.