515A.15 Assigned risks.
1. Agreements shall be made among insurers with respect to the equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods and such insurers may agree among themselves on the use of reasonable rate modifications for such insurance, the agreements and rate modifications to be subject to the approval of the commissioner.
2. For purposes of this section, “insurer” includes, in addition to insurers defined pursuant to section 515A.2, a self-insurance association formed on or after July 1, 1995, pursuant to section 87.4 except for an association comprised of cities or counties, or both, or an association comprised of community colleges as defined in section 260C.2, which have entered into an agreement pursuant to chapter 28E for the purpose of establishing a self-insured program for the payment of workers’ compensation benefits.
[C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515A.15]
95 Acts, ch 185, §24; 2021 Acts, ch 76, §150
Referred to in §87.4
Code editor directive applied
Structure Iowa Code
Chapter 515A - WORKERS’ COMPENSATION LIABILITY INSURANCE RATES
Section 515A.1 - Purpose of chapter.
Section 515A.2 - Definitions — scope of chapter.
Section 515A.3 - Making of rates.
Section 515A.4 - Rate filings.
Section 515A.5 - Disapproval of filings.
Section 515A.6 - Rating organizations.
Section 515A.7 - Uniform rating plans and deviations.
Section 515A.8 - Appeal by member or subscriber.
Section 515A.9 - Information to be furnished insureds — hearings and appeals of insureds.
Section 515A.10 - Advisory organizations.
Section 515A.11 - Joint underwriting or joint reinsurance.
Section 515A.12 - Examinations.
Section 515A.13 - Rate administration.
Section 515A.14 - False or misleading information.
Section 515A.15 - Assigned risks.
Section 515A.15A - Deductible policies in workers’ compensation.
Section 515A.15B - Applicants unable to procure insurance through ordinary methods.
Section 515A.18 - Hearing procedure and judicial review.