509A.14 Approval of self-insurance plans.
The commissioner of insurance shall adopt rules for self-insurance plans for life insurance and accident and health insurance for a political subdivision of the state or a school corporation. The rules adopted shall include, but are not limited to, the following:
1. A requirement that the plan shall include all coverages and provisions that are required by law in insurance policies for the type of risk that the self-insurance plan is intended to cover.
2. A requirement that if the resources of the plan are inadequate to fully cover a claim under the plan, then the public body is liable for any portion of the claim that is left unpaid.
85 Acts, ch 251, §2; 92 Acts, ch 1162, §12; 93 Acts, ch 88, §9
Referred to in §296.7, 331.301, 364.4
Structure Iowa Code
Chapter 509A - GROUP INSURANCE FOR PUBLIC EMPLOYEES
Section 509A.1 - Authority of governing body.
Section 509A.2 - Sources of funds.
Section 509A.3 - Assessment of employees.
Section 509A.4 - Participation optional.
Section 509A.5 - Fund under control of governing body — interest earnings of certain funds.
Section 509A.6 - Contract with insurance carrier or health maintenance organization.
Section 509A.7 - Employee defined.
Section 509A.9 - Exemption from debts.
Section 509A.10 - Decisions of governing body final.
Section 509A.11 - Definitions.
Section 509A.12 - Deferred compensation program for governmental employees.
Section 509A.13 - Continuation of group insurance.
Section 509A.13A - Continuation of group insurance covering spouses.
Section 509A.13B - Coverage of children — continuation or reenrollment.
Section 509A.14 - Approval of self-insurance plans.
Section 509A.15 - Certification of self-insurance plans — exemption.