515A.15A Deductible policies in workers’ compensation.
The commissioner may enter an order under section 515A.18 to assure availability within this state of a policy under this chapter which provides as part of the policy, or as an endorsement to the policy, an option for a deductible related to benefits payable under a policy issued pursuant to this chapter. The order may make provisions for changes in experience ratings, premium surcharges, or any other modification, as a result of issuance of a policy, or of an endorsement to the policy, pursuant to the order. Under an order entered pursuant to this section, the commissioner shall provide that if the policyholder selects a deductible option, the insured employer is liable for all of the amount of the deductible for benefits paid for each compensable claim of an employee under the policy.
92 Acts, ch 1053, §1
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.