513B.7 Maintenance of records.
1. A small employer carrier shall maintain at its principal place of business a complete and detailed description of its rating practices and renewal underwriting practices, including information and documentation which demonstrate that its rating methods and practices are based upon commonly accepted actuarial assumptions and are in accordance with sound actuarial principles.
2. A small employer carrier shall file each March 1 with the commissioner an actuarial certification that the small employer carrier is in compliance with this section and that the rating methods of the small employer carrier are actuarially sound. A copy of the certification shall be retained by the small employer carrier at its principal place of business.
3. A small employer carrier shall make the information and documentation described in subsection 1 available to the commissioner upon request. The information is not a public record or otherwise subject to disclosure under chapter 22, and is considered proprietary and trade secret information and is not subject to disclosure by the commissioner to persons outside of the division except as agreed to by the small employer carrier or as ordered by a court of competent jurisdiction.
91 Acts, ch 244, §7; 97 Acts, ch 103, §22; 98 Acts, ch 1100, §68; 2017 Acts, ch 148, §41
Structure Iowa Code
Chapter 513B - SMALL GROUP HEALTH COVERAGE
Section 513B.1 - Title — purpose.
Section 513B.3 - Applicability and scope.
Section 513B.4 - Restrictions relating to the premium rates.
Section 513B.4A - Exemption from premium rate restrictions.
Section 513B.5 - Provisions on renewability of coverage.
Section 513B.6 - Disclosure of rating practices and renewability provisions.
Section 513B.7 - Maintenance of records.
Section 513B.9A - Eligibility to enroll.
Section 513B.10 - Availability of coverage.
Section 513B.11 - Notice of intent to operate as a risk-assuming carrier or reinsuring carrier.
Section 513B.12 - Application to become a risk-assuming carrier.
Section 513B.13 - Small employer carrier reinsurance program.
Section 513B.14 - Health benefit plan standards.
Section 513B.15 - Periodic market evaluation.
Section 513B.16 - Applicability of certain state laws.
Section 513B.17 - Discretion of the commissioner.
Section 513B.17A - Restoration of terminated coverage.