513A.6 Production agency or administrator — disclosure.
1. A production agency or administrator which advertises, sells, transacts, or administers the coverage in this state as defined in section 513A.2 and which is required to submit to an examination by the insurance commissioner under section 513A.4, shall, if the coverage is not fully insured or otherwise fully covered by an admitted life or disability insurer, nonprofit hospital service plan, or nonprofit health care plan, advise every purchaser, prospective purchaser, and covered person of the lack of insurance or other coverage.
2. An administrator which advertises or administers the coverage in this state as defined in section 513A.2 and which is required to submit to an examination by the insurance commissioner under section 513A.4, shall advise any production agency of the elements of the coverage, including the amount of stop-loss insurance in effect.
91 Acts, ch 213, §16; 2021 Acts, ch 76, §150
Code editor directive applied
Structure Iowa Code
Chapter 513A - THIRD-PARTY PAYORS OF HEALTH CARE BENEFITS
Section 513A.2 - Authority and jurisdiction of commissioner.
Section 513A.3 - How to show jurisdiction.
Section 513A.5 - Subject to state laws.
Section 513A.6 - Production agency or administrator — disclosure.
Section 513A.7 - Unfair competition or unfair and deceptive acts or practices prohibited.